Voya Financial Extends its Service Relationship with County of San Bernardino Retirement Program
WINDSOR, Conn., May 7, 2015 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), through its Retirement business, has been retained as the service provider for the County of San Bernardino Defined Contribution Retirement Program.
Voya's relationship with the County of San Bernardino began in 1993 and was extended pursuant to a five-year agreement, effective the first quarter of 2015. The program consists of a 457(b) deferred compensation plan, 401(k) and 401(a) defined contribution plans, as well as a Retirement Medical Trust plan (HRA) and a 3121 plan for part-time employees. The combined plans represented approximately $830 million in assets under administration and 26,000 participants as of March 31, 2015.
"Voya has continued to provide us with exemplary service and our relationship benefits from the personalized attention we receive from representatives who are based right here in the county," said Andrew Lamberto, director of Human Resources for the County of San Bernardino. "We look forward to building on this successful foundation and implementing many of Voya's new solutions that can help our county employees plan and save for a more secure retirement."
As part of its commitment to advancing the retirement readiness of Americans, Voya will continue to provide 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 a stable value offering from Voya's own asset manager, Voya Investment Management.
"We're thrilled that the County of San Bernardino has continued to place its trust in our business and our people," said Carolyn Johnson, president of Annuities and Tax-Exempt Markets for Voya Financial. "This is a testament to the strength of our relationship, and the commitment Voya has to providing clients — including some of largest retirement systems in the country — with the integrated capabilities and the value they want for the long term."
Voya Financial's Retirement business holds top-tier rankings in the defined contribution industry.1 As an industry leader and advocate for greater retirement readiness, Voya Financial is committed to delivering on its vision is to be recognized as America's Retirement Company™ and on its mission to make a secure financial future possible — one person, one family, one institution at a time.
1) Voya Financial is a top-five retirement plan provider based on number of plans and participants, according to Pensions & Investments Defined Contribution Record Keepers Survey, March 2015 (based on data as of September 30, 2014).
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 our Voya Financial Interactive Company Profile. Follow Voya Financial on Facebook and Twitter @Voya.
SOURCE Voya Financial, Inc.