Multiple Employer Solutions

Multiple Employer Solutions

Voya serves multiple employer arrangements of all sizes with the flexibility you need to create optimal programs to support your clients. We understand the intricacies of various types of multiple employer solutions across both corporate and nonprofit markets, and bring comprehensive tools designed to help employers achieve the benefits they seek:

  • Administrative ease
  • Risk mitigation
  • Retirement outcomes for employees

Leading recordkeeper in constructing multiple employer solutions

Our Multiple Employer Plans (MEPs), Pooled Employer Plans (PEPs), Employer Aggregation Programs and other customized multiple employer solutions, account for approximately:

Experience to support the unique needs of your program

We’ll work collaboratively with you, your clients and your preferred Third Party Administrator to provide the right level of recordkeeping support to meet the needs of your clients.

Voya’s Recordkeeping services

Non-fiduciary standard services

Column Description
  • Plan audit assistance
  • Plan reporting
  • Plan implementations and conversions
  • Daily valuation and reconciliation
  • Enrollment services Financial wellness/Online tools
  • Automatic enrollment processing
  • Automatic deferral rate escalator
  • Additional services may be provided by Voya depending on your unique design
Column Description
  • Contribution processing
  • Loan interest modeling
  • Forfeiture reallocations
  • Beneficiary maintenance
  • Automated payroll processing
  • Trust and custody services

Working with a team to maximize the value of your offering

From implementation to hitting your long-term goals, our experienced sales and service teams will provide support every step of the way.

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Related solutions

1 As of 12/31/2022

Plan Sponsor may allow Participating Employers to select a few variable provisions depending on plan rules (ex. Plan Eligibility, Company Match Formula, Vesting)

A multi-employer plan differs from pooled asset plans. It refers to a collectively bargained plan maintained by more than one employer, usually within the same or related industries, and a labor union. These plans are often referred to as “Taft-Hartley plans” [(ERISA §§ 3(37) and 4001(a)(3)]. Multi-employer plans must comply with the qualification rules under IRC §414(f). Multi-employer plans allow employees who move among employers within unionized industries — such as trucking, construction and grocery-store chains — to participate in the same retirement plan negotiated under either separate or common collective bargaining agreements.

Products and services offered through the Voya Financial family of companies.

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