WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced that its Retirement business has been selected as the new recordkeeper and service provider for the Anchor Brewing Company, LLC, 401(k) Retirement Plan.
Anchor Brewing Company, LLC, owned by Sapporo USA, is one of America’s oldest brewers and produces San Francisco’s world-famous Anchor Steam® Beer. The company’s 401(k) plan, which will transition to Voya in July 2020, represents approximately $800 thousand in assets under administration and serves roughly 61 participants.
As part of its commitment to advancing the retirement readiness of all Americans, Voya will provide plan members with access to industry-leading educational tools and resources. These include Voya’s myOrangeMoney® interactive and educational participant website experience, along with access to in-plan advice through managed accounts. Participants will also have access to a wide range of investment options, including Voya index target date funds from Voya’s own asset manager, Voya Investment Management.
“We are thrilled that Anchor Brewing has selected Voya to support its 401(k) retirement plan services,” said Bill Harmon, president, Retirement Corporate Markets for Voya Financial. “As a California native, I know that Anchor Brewing is a company that has always demonstrated strong core values in the work it does to support its employees. That is why, at Voya, we could not be more excited to help support its hardworking employees on their journey to a secure financial future.”
CBIZ Retirement Services assisted Anchor Brewing Company with the search process and ultimate selection of Voya as the new service provider.
Voya is uniquely positioned in the market to serve retirement plans of all sizes and across all segments. 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.
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 $7.5 billion in revenue in 2019. The company had $538 billion in total assets under management and administration as of March 31, 2020. 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 a 2020 World’s Most Admired Company by Fortune magazine; one of the 2020 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.
CBIZ Retirement Plan Services is a trade name under which certain subsidiaries of CBIZ, Inc. (NYSE Listed: CBZ), market investment advisory, investment management, third-party administration, actuarial and other retirement plan services. Investment advisory and investment management services offered through CBIZ Investment Advisory Services, LLC, SEC Registered Investment Adviser. Investments, investment advisory and investment management services may also be offered through CBIZ Financial Solutions, Inc., Member FINRA, SIPC and SEC Registered Investment Adviser, dba CBIZ Retirement Plan Advisory Services. Third-party administration, actuarial and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.