Voya to Begin Role as New Service Provider for Gwinnett County, Georgia, Retirement Plans
Voya Financial, Inc. (NYSE: VOYA), announced today that through a competitive bid process earlier this year, its Retirement business was selected to serve as the new recordkeeper for the Gwinnett County, Georgia, Defined Contribution and Deferred Compensation Plans. The Gwinnett County Retirement Plans Management Committee approved the selection. Segal Consulting and UBS Financial Services both assisted throughout the evaluation process.
The Gwinnett County Retirement Plans consist of 401(a) defined contribution and voluntary 457(b) plans, which allow participants to set aside funds from each paycheck toward their retirement. As of Sept. 11, 2018, the plans represented approximately $424 million in assets under administration and nearly 11,300 participating members. The plans are scheduled to transition to Voya’s administrative platform this month.
As part of its commitment to advancing the retirement readiness of Americans, Voya will provide plan members with localized support and access to industry-leading educational tools and resources. These include Voya’s myOrangeMoney retirement-income-estimating capabilities and participant website experience, as well as communication and education programs designed to engage and motivate employees to save.
“We’re delighted to start our partnership with the Gwinnett County Retirement Plans Management Committee and look forward to supporting the hardworking men and women of the county as they prepare for greater security in retirement,” said Heather Lavallee, president of Tax-Exempt Markets for Voya Financial. “Our commitment to service and dedicated support staff will help ensure the county’s employees meet their broader retirement and financial wellness goals.”
Voya Financial’s Retirement business serves clients of all sizes and across all sectors, including employers in the government and other tax-exempt retirement plan markets. As a leader and advocate for greater retirement readiness, Voya Financial is committed to delivering on its vision to be America’s Retirement Company and 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), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 14.7 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $528 billion in total assets under management and administration as of June 30, 2018. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company. Certified as a “Great Place to Work” by the Great Place to Work Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as one of the 2018 World’s Most Ethical Companies by the Ethisphere Institute; one of the 2018 World’s Most Admired Companies by Fortune magazine; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability:IN. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.