Business Wire 8-Nov-2018 10:00 AM
Voya Financial, Inc. (NYSE:VOYA), announced that its Retirement business has been selected as the new recordkeeper and service provider for the AMETEK Retirement and Savings Plans.
AMETEK, headquartered in Berwyn, Pennsylvania, is a leading global manufacturer of electronic instruments and electromechanical devices. The plans, which transitioned to Voya in September 2018, consist of qualified and non-qualified assets representing more than $1.1 billion and approximately 10,000 participants, as of Sept. 30, 2018.
"We carefully reviewed the marketplace during our selection process and felt that Voya understood our unique challenges while bringing forward great solutions for our employees," said Henry Policare, Director, Global Benefits M&A-Human Resources.
As part of its commitment to advancing the retirement readiness of all Americans, Voya will provide AMETEK and its employees with industry-leading decision and planning tools, as well as plan participant communication and financial education programs that inform, engage and encourage positive action. These include Voya's Financial Wellness experience and myOrangeMoney® participant website and retirement-income-estimating capabilities.
"We're pleased AMETEK has placed its trust in Voya and selected us to be the company's new service provider," said Bill Harmon, president, Retirement Corporate Markets for Voya Financial. "We look forward to building a successful relationship and supporting their employees with their broader savings and financial wellness needs as they prepare for greater security in retirement."
Voya is uniquely positioned in the market to serve retirement plans of all sizes and across all segments, including large, complex 401(k) plans. 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 14.3 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 $543 billion in total assets under management and administration as of September 30, 2018. 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; 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.
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