Defined Benefit Plans

Total Retirement Solution

Defined Benefit (DB) plans remain an important benefit for many employers and play a pivotal role in helping employees generate an income stream in retirement. Available through our Total Retirement Solution* providers, which include three of the 10 largest DB administrators in the U.S., we help employers manage risk and administrative responsibilities while helping employees achieve the best retirement outcomes.

Full service defined contribution, defined benefit and nonqualified plan administration services

Advantages for employers

  • Strategic, consultative approach — We work closely with you to develop tailored, practical and actionable solutions including plan design, frozen plan management, pension de-risking, and merger and acquisition support.
  • Administration excellence — Streamlined administrative processes to lower overall plan expenses and consolidate data into a single source.
  • Coordinated services across plans — Defined contribution, defined benefit and nonqualified implementations will be coordinated, as well as plan service reviews and participant communications.
  • Regulatory support — Forward-thinking support to facilitate plan adjustments required in a constantly shifting regulatory environment.
  • Actuarial services* — Access to comprehensive actuarial services including valuation and expense reporting, PBGC filings and Form 5500 support.

Advantages for employees

  • Robust participant website — Integrated online experience and financial planning tools provide a holistic view of retirement outcomes.
  • Access to live support — Knowledgeable call center representatives who understand your plan’s unique plan provisions.
  • Employee education — Education specialists, supporting materials and tools provide a comprehensive view of all workplace solutions.

 

Ready to take the next step?  

Talk to a financial professional:

Existing Voya plan sponsors: 

 

Additional Solutions

*Optional services additional fees apply.

Defined Benefit Administrative Services are offered by Voya Financial Services and administered by providers that are not affiliated with the Voya family of companies.

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

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