keeping only service products provide administration support for plan sponsors seeking integrated recordkeeping services for defined contribution, defined benefit and non-qualified plans. The company’s plan sponsor base spans the entire range of corporate plan sponsors, as well as state and local governments. Its recordkeeping retirement plan offerings are also supported by participant communications and education programs, myOrangeMoney digital capabilities for sponsors and plan participants (plus mobile capabilities for participants), as well as investment advisory services offered through its Retail Wealth Management business. The company’s stable value investment options are offered with a particular focus on cross-selling products utilizing proprietary investment management to institutional recordkeeping plans. Its product offering includes both separate account guaranteed investment contracts (GICs) and synthetic GICs managed by either proprietary or outside investment managers. Additionally, the company provides pension risk transfer solutions to institutional plan sponsors looking to transfer their defined benefit plan obligations to it. For plans in the full service corporate markets segment, the company’s core products are Voya MAP Select and Voya Framewor(k). Voya MAP Select is a group funding agreement/group annuity contract offered to fund qualified retirement plans. The product contains approximately 200 funds from fund families (larger plans are offered the ability to offer most funds whose trades are cleared through the National Securities Clearing Corporation), as well as its general account and various stable value options. Voya Framewor(k), a mutual fund program offered to fund qualified retirement plans. The product contains approximately 300 funds from well-known fund families (larger plans are offered the ability to offer most funds whose trades are cleared through the National Securities Clearing Corporation), as well as the company’s general account and various stable value options. For plans in the full service tax-exempt markets, the company offers various customized products, including Voya Retirement Choice II and RetireFlex-MF; Voya Retirement Plus II and Voya Custom Choice II; and RetireFlex-SA. Voya Retirement Choice II and RetireFlex-MF, the retail mutual fund products, which provide flexible funding vehicles and are designed to provide a diversified menu of mutual funds in addition to a guaranteed option (available through a group fixed annuity contract or stable value product). Voya Retirement Plus II and Voya Custom Choice II is a registered group annuity products featuring variable investment options held in a variable annuity separate account and a fixed investment option held in the general account. RetireFlex-SA is an unregistered group annuity product, which features variable investment options held in a variable annuity separate account and a guaranteed option (available through a group fixed annuity contract or stable value product). Markets and Distribution The company’s Institutional Retirement Plans business can be categorized into two markets: Corporate and Tax Exempt. Corporate Markets Small-Mid Corporate Market: In this growth market, the company offers full service solutions to defined contribution plans of small-mid corporate segment (typically approximately 3,000 employees). Large Corporate Market: In this market the company offers recordkeeping services to defined contribution plans of large to mega-sized corporations. The company’s solutions and capabilities support the most complex retirement plans with a special focus on strategic relationship management and participant retirement readiness. Tax Exempt Markets Education Market: The company offers comprehensive full service offerings to both public and private K-12 educational entities, as well as public and private higher education institutions. Healthcare Market: In this market the company services hospitals and healthcare organizations by offering full service solutions for various plan types. Additionally, it provides customized communications, education and enrollmen
voya financial inc (VOYA:New York)
230 Park Avenue
New York, NY 10169
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