Voya Financial Extends its Service Relationship with City and County of Honolulu Voluntary Retirement Plan
WINDSOR, Conn., June 3, 2015 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), announced that its Retirement business has recently renewed its longstanding relationship as the service provider for the City and County of Honolulu 457 Deferred Compensation Plan (the "Plan").
Voya's relationship with the City and County of Honolulu began more than 35 years ago and was extended pursuant to a five-year agreement, effective April 1, 2015. The Plan is a voluntary savings program available to City and County employees, and consists of both a standard and a Roth 457 option. As of March 31, 2015, the Plan represented approximately $560 million in assets and 8,000 participants.
"This program, which complements a number of our other retirement benefit offerings, is critically important for City and County employees as they plan ahead for the future," said Nelson Koyanagi, chair of the Deferred Compensation Committee and director of the Department of Budget and Fiscal Services for the City and County of Honolulu. "Voya has provided us with top-tier service, support and attention over the years through representatives based right here in Honolulu. We look forward to growing our Plan participation even further and leveraging the many new offerings Voya has to help members of the Plan transition from working and saving to enjoying a more secure retirement."
As part of its commitment to advancing the retirement readiness of Americans, Voya will continue to provide City and County employees with localized support and access to industry-leading tools and resources. These capabilities include Voya's newly enhanced participant website, which features the award-winning myOrangeMoney™ retirement income planning experience, as well as communication and education programs designed to engage and motivate employees to save. Participants also have access to a wide range of investment options, including stable value and other offerings from Voya's own asset manager, Voya Investment Management.
"Voya Financial is dedicated to providing accessible, compelling and easy-to-use resources that can help their employees take action and achieve the financial future they envision in retirement," said Carolyn Johnson, president of Annuities and Tax-Exempt Markets at Voya Financial. "We're delighted that the City and County of Honolulu has continued to place their trust in our company, and we look forward to supporting their employees as they prepare for greater security in retirement."
Voya Financial's Retirement business holds top-tier rankings in the defined contribution industry. As an industry 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.
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About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), is composed of premier retirement, investment and insurance companies serving the financial needs of approximately 13 million individual and institutional customers in the United States. The company's vision is to be America's Retirement Company™ and its guiding principle is centered on solving the most daunting financial challenge facing Americans today — retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, Voya provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 6,500 employees, Voya is grounded in a clear mission to make a secure financial future possible — one person, one family, one institution at a time. For more information, visit voya.com or view the company's 2014 annual report. Follow Voya Financial on Facebook and Twitter @Voya.
SOURCE Voya Financial, Inc.