Connecting Higher Education Workplace Benefits
New expectations and new ideas
Voya recently conducted a study of retirement plans in public and private higher education. We surveyed higher education plan sponsors about key issues impacting the structure and management of their defined contribution retirement plans. Our survey found that higher education institutions are pivoting to address ongoing staffing challenges and shifting the benefits dialogue to meet employee expectations.
Plan Advisor Focus
Higher education plan sponsors expect to grow their partnerships with plan advisors
Find out what plan sponsors value most and what services are they looking for in the future
Voya higher education retirement plan research highlights
Plan Sponsor Priorities
Increase employee savings rates
Ensure benefit programs are consistent with the organization’s ESG principals
Help employees maximize savings dollars across retirement, health and voluntary benefits
These challenges present many unique opportunities for higher education institutions to look further into their benefits offerings as an area to stand out among their peers.
Contact us to review the results of the study and help identify opportunities for your plan.
Learn more about Voya’s higher education retirement plan solutions and capabilities to streamline plan administration and engage employees to drive positive retirement outcomes.
To review the results of the study, benchmark your plan practices and identify areas of opportunity that can improve plan health and drive positive participant outcomes, contact your Voya representative or provide us with your information so we can reach out to you.
The report presents results from the survey administered by Greenwald Research on behalf of Voya. The biennial study included an online survey conducted June 29, 2022 – July 19, 2022, among 301 retirement plan decision-makers from higher ed organizations, along with in-depth interviews among a select group of decision-makers conducted August 2022.
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