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Voya selected to service NYC deferred compensation plan

Published 12/11/2018, 09:35 AM
© Reuters.  Voya selected to service NYC deferred compensation plan
VOYA
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  • Voya Financial's (VOYA +2%) Retirement business wins a competitive proposal process to become the new recordkeeper and service provider for the New York City Deferred Compensation Plan.
  • The DCP offers eligible employees of New York City ways to save for retirement, including 457 and 401(k) plans and an IRA program.
  • As of Sept. 30, 2018, all plans under the program represent about $21.6B in assets under administration and 205,000 participating accounts.
  • DCP is scheduled to switch to Voya in H2 2019.
  • Previously: First Data, Voya, Ambac may be gems post-pullback: BTIG (Nov. 19)
  • Previously: Voya gains 2.5% after unveiling new growth targets through 2021. (Nov. 13)
  • Now read: National Health Investors finances .4M Wisconsin project


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