Voya Financial Extends its Service Relationship with Metro Government of Nashville and Davidson County
WINDSOR, Conn., Nov. 16, 2017 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), announced that its Retirement business has been retained as the recordkeeping service provider for the Metro Government of Nashville and Davidson County 457(b) Deferred Compensation Plan.
Voya's relationship with the Metro Government of Nashville and Davidson County began more than 15 years ago and was extended pursuant to a five-year agreement, effective November, 2017. The savings program is available to all employees (including officers) and elected or appointed officials who are eligible to participate in the Metropolitan Employee Benefit System or any former plan administered by the Metropolitan Employee Benefit Board. As of Sept. 30, 2017, the plan represented approximately $306 million in assets and more than 7,150 participants.
In making its decision, the plan committee noted Voya's deep experience in administering 457(b) plans, exceptional relationship management and service model team, comprehensive reporting and state-of-the-art online tools, and a dedicated group of communications consultants and field service representatives.
As part of its commitment to advancing the retirement readiness of Americans, Voya will continue to provide employees of the city and county with localized support and access to industry-leading educational tools and resources. These include Voya's award-winning1 myOrangeMoney™ retirement-income-estimating capabilities and participant website 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.
"Just as city and county officials are committed to improving the educational and socio-economic outcomes for all of their residents, Voya is focused on improving retirement outcomes for all Americans," said Heather Lavallee, president of Tax-Exempt Markets for Voya Financial. "We're delighted that the Metro Government of Nashville and Davidson County has continued to place its trust in our company, and we look forward to supporting the plan and its many members as they prepare for greater security in retirement."
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.
1 Dalbar Inc., 2015 "Communications Seal"
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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 13.6 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2016. The company had $541 billion in total assets under management and administration as of September 30, 2017. 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 and has been recognized as one of the 2017 World's Most Ethical Companies® by the Ethisphere Institute, as well as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook and Twitter @Voya.
SOURCE Voya Financial, Inc.