STOCK TITAN

Voya selected as new service provider for Roman Catholic Archdiocese of Boston Retirement Savings Plan

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Voya Financial, Inc. (NYSE: VOYA) has been appointed as the recordkeeper and service provider for the Archdiocese of Boston's 401(k) Retirement Savings Plan, which manages approximately $150 million in assets for around 5,500 participants. Voya aims to enhance retirement outcomes through its educational tools and resources, such as myOrangeMoney and Financial Wellness services. Bill Harmon, Voya's chief client officer, expressed enthusiasm about this partnership, emphasizing service quality to improve participants' financial futures.

Positive
  • Selected as recordkeeper for the Archdiocese of Boston's 401(k) plan, managing $150 million in assets.
  • Enhanced service offerings through educational tools like myOrangeMoney and Financial Wellness.
Negative
  • None.

WINDSOR, Conn.--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Roman Catholic Archdiocese of Boston 401(k) Retirement Savings Plan.

As the fourth largest archdiocese in the U.S., the Archdiocese of Boston 401(k) Retirement Savings Plan represents approximately $150 million in retirement plan assets and has approximately 5,500 participants.

As part of its commitment to advancing a secure financial future for all individuals, Voya will provide plan members with access to its industry-leading educational tools and resources. These include Voya’s myOrangeMoney® interactive and educational participant website experience and access to the company’s Financial Wellness experience that can help inform, engage and encourage positive action.

“We are excited to start this new relationship with the Archdiocese of Boston as the new recordkeeper for their 401(k) retirement savings plan,” said Bill Harmon, chief client officer for Voya Financial. “At Voya, we are committed to offering a great level of service and support for our customers. As a result, our teams are fully committed to working together to help the participants of the Archdiocese of Boston’s plan prepare for greater outcomes in their future.”

Voya is uniquely positioned in the market to serve retirement plans of all sizes and across all segments. As an industry leader focused on the delivery of workplace benefits, savings, and investment solutions to and through the workplace, Voya is committed to delivering on its mission to make a secure financial future possible — one person, one family, one institution at a time.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technologies that enable a better financial future for its clients, customers and society. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya has approximately 6,000 employees and had $711 billion in total assets under management and administration as of Sept. 30, 2022. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

VOYA-RET
VOYA-IR

Media Contacts:

Laura Maulucci

(508) 353-6913

Laura.Maulucci@voya.com

Source: Voya Financial, Inc.

FAQ

What is Voya Financial's role with the Archdiocese of Boston?

Voya Financial has been selected as the new recordkeeper and service provider for the Archdiocese of Boston's 401(k) Retirement Savings Plan.

How much does the Archdiocese of Boston's 401(k) plan manage?

The Archdiocese of Boston's 401(k) Retirement Savings Plan manages approximately $150 million in assets.

How many participants are in the Archdiocese of Boston's retirement plan?

The retirement plan has approximately 5,500 participants.

What tools will Voya provide to plan members?

Voya will provide plan members with access to tools such as myOrangeMoney and a Financial Wellness experience.

When was the announcement made regarding Voya's new role?

The announcement regarding Voya's new role as recordkeeper was made recently, although the exact date is not specified.

VOYA FINANCIAL, INC.

NYSE:VOYA

VOYA Rankings

VOYA Latest News

VOYA Stock Data

8.21B
95.87M
0.33%
101.84%
2.1%
Financial Conglomerates
Life Insurance
Link
United States of America
NEW YORK