Voya Financial Selected as New Service Provider for Baptist Health Care Retirement Savings Program
WINDSOR, Conn.--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA), announced today that its Retirement business has been selected to serve as the new recordkeeper for the Baptist Health Care Corporation defined contribution and deferred compensation plans. AndCo Consulting assisted throughout the competitive bid and evaluation process.
Baptist Health Care is a community-owned, not-for-profit health care organization based in northwest Florida that is committed to helping people throughout life’s journey. The organization includes three hospitals, four medical parks, Andrews Institute for Orthopedic & Sports Medicine, Lakeview Center and a physician network. Its retirement savings program consists of a 403(b) plan, 401(k) plan, a nonqualified deferred compensation plan and a Capital Accumulation Account Plan. With more than 6,500 employees and employed physicians, Baptist Health Care is the second largest non-governmental employer in northwest Florida. As of Mar. 31, 2019, the Baptist Health Care retirement savings program represents more than $243 million in assets under administration.
“It’s a great privilege and responsibility to help the hardworking men and women of Baptist Health Care — who dedicate their lives to helping others — build a secure financial future,” said Brodie Wood, SVP and national practice leader of Healthcare, Education and Not-for-Profit markets for Voya Financial. “We are incredibly proud to start this new collaboration with Baptist Health Care and look forward to helping its participants with their financial wellness needs and take meaningful steps to become retirement ready.”
As part of its commitment to advancing the retirement readiness of all 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.
“In addition to Voya’s easy-to-use online tools and education programs, ultimately, it was our shared values that was the key differentiator for us,” said Sarah Colley, vice president of Human Resources, Baptist Health Care. “Through our Global Connection to Employment (GCE) program, Baptist Health Care employs thousands of individuals with disabilities across the United States. Through its Voya Cares® program, Voya shares a similar passion of helping make a positive difference in the lives of those with disabilities and special needs, including their caregivers. Together, I am confident we can help all Baptist Health Care employees get on a path to achieve their individual retirement savings 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 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.5 billion in revenue in 2018. The company had $547 billion in total assets under management and administration as of March 31, 2019. 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 2019 World’s Most Ethical Companies® by the Ethisphere Institute; 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.
AndCo Consulting is a separate entity and not a corporate affiliate of Voya Financial®.
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