WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced that its Retirement business has been retained as the recordkeeping service provider for the Kansas Board of Regents (KBOR) retirement savings plan.
Voya’s relationship with KBOR began more than 30 years ago and was extended pursuant to a new agreement effective December 2017. The multi-vendor plan is a 403(b) plan available to all employees of KBOR and the State Universities. As of December 2017, the plan with Voya represented approximately $770 million in assets and more than 8,000 participants.
As part of its commitment to advancing the retirement readiness of Americans, Voya will continue to provide the various universities and KBOR employees 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.
“We’re thrilled that the Kansas Board of Regents has continued to place its trust in our team,” said Heather Lavallee, president of Tax-Exempt Markets for Voya Financial. “We look forward to extending a partnership that began more than three decades ago with a shared purpose and vision to support 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.
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 14.7 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $555 billion in total assets under management and administration as of Dec. 31, 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. Voya has been recognized as one of the 2018 World’s Most Ethical Companies® by the Ethisphere Institute, one of the 2018 World’s Most Admired Companies by Fortune magazine and one of the Top Green Companies in the U.S. by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.