Why work with us
MES, MEP and PEP experience to support the unique needs of your program
- Voya serves multiple employer arrangements of all sizes across both corporate and nonprofit markets.
- As a leading recordkeeper, 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.
Helping employers with customized arrangements to achieve the benefits they seek
Leverage the buying power of a solution designed for a group of single-employer plans
- Ease of administration and plan management
- Professional fiduciary oversight
- Effective employee communication and notifications
- Potential cost savings to participating employer
Participating in a PEP relieves employers of many responsibilities
| Key responsibilities | Single employer plan | Pooled Employer Plan | ||
| Employer responsibility | Employer responsibility | 3(38) responsibility | TPA/PPP/3(16) responsibility | |
| Compile and provide year-end census data | X | X | ||
| Select and monitor investment options | X | X | X | |
| Select plan provisions | X | X | X | |
| Coordinate and submit timely and accurate payroll/plan contributions | X | X | X | |
| Select and monitor designated service providers | X | X | X | |
| Review, approve and sign plan documents, amendments and summary plan description | X | X | ||
| Prepare, approve and deliver required noticed and Summary Annual Report | X | X | ||
| Sign and file Form 5500 and related reports | X | X | ||
| Select and work with auditor including annual audits | X | X | ||
| Review and approve plan compliance testing | X | X | ||
| Monitor plan eligibility and entry dates | X | X | ||
| Approve transactions, distributions and corrective actions | X | X | ||
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.
Related solutions
1 Voya Internal Data as 12/31/24
2 2025 PLANSPONSOR Recordkeeping Survey. PLANSPONSOR is an ISS Media Brand. Published July 2025, based on YE 2024 data (latest available) as reported by 38 companies participating in the survey. While companies do not pay to participate in the survey, they do pay a fee to receive the full set of data.
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.