Voya Financial Now Serving as Provider for DaVita Retirement Savings Plan
WINDSOR, Conn., July 9, 2015 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), announced that its Retirement business has recently started providing plan administration services for the DaVita Retirement Savings Plan.
DaVita HealthCare Partners, Inc., a Denver-based company, is one of the largest providers of dialysis services, operating or providing administrative services at 2,200 outpatient centers across the U.S. and serving over 170,000 patients. The plan, which transitioned to Voya's administration platform on May 1, 2015, represents approximately $1.2 billion in assets and 60,500 participants.
"After assessing the competitive landscape, it was critical that we consider the DaVita core values and our commitment to helping our teammates achieve the financial future they envision," said Jennifer Scharff, senior people services director of Benefits at DaVita. "As we learned more about Voya's capabilities, it became clear that they were an optimal partner to help us achieve our goals."
As part of its focus on advancing the retirement readiness of Americans, Voya will provide DaVita employees with industry-leading decision and planning tools, as well as custom communication and financial education programs designed to inform, engage and encourage positive action. These resources include Voya's newly enhanced participant website, which features the award-winning myOrangeMoney™ retirement income planning capability. Participants will also have access to in-plan advice through Voya Retirement Advisors and holistic financial planning via the Voya Financial Advisor network.
"We're thrilled that DaVita has placed its trust in Voya and selected us to be the company's new service provider," said Rich Linton, president of Large Corporate Market and Retail Wealth Management for Retirement at Voya Financial. "With our suite of holistic retirement readiness solutions, Voya can help individuals with a broad range of activities — from budgeting and protecting their financial security to understanding what their retirement income needs will be once they stop working. We look forward to supporting DaVita and its employees today as they plan and save for their retirement goals tomorrow."
This new relationship with DaVita underscores Voya's ability and commitment to serve retirement plans of all sizes and across all market segments, including large, complex 401(k) plans. Voya'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 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 a premier retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. A Fortune 500 company, Voya had $11 billion in revenue in 2014. The company had $486 billion in total assets under management and administration as of March 31, 2015. 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™. The company is committed to conducting business in a way that is socially, environmentally, economically and ethically responsible — Voya has been recognized as one of the World's Most Ethical Companies, by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. 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.