Higher education employers: Workplace benefits & retirement savings
We understand the benefits & savings assignment
Higher education organizations know better than anyone: just because someone has the textbook, doesn’t mean they know all the answers. That’s why Voya is dedicated to helping people learn and take action.
Voluntary health benefits and retirement savings have long been considered different departments, but we’ve studied the health-wealth connection for years. It has helped us become a top-five provider of retirement solutions1 and a leader group supplemental health insurance.2 Our research-backed tools grant your faculty and staff everything they need to make well-informed decisions.
Plus, plan administration feels more like a perfect group project with the support of your dedicated Voya team. Let us help you graduate to better workplace benefits and savings.
High praise for our Sponsor Web platform
Voya’s Sponsor Website homepage received an “Excellent” rating from Corporate Insight, Inc. This rating is a direct result of helping plan sponsors customize their experience by improving navigation, reporting, data presentation and overall usability.
Making a difference, together
We do the right thing, the right way — making real impacts throughout our communities and on the lives of our customers. Our specialized programs and culture of empathy give your workplace benefits and retirement savings an edge.
Our solutions come with emphasis
Our configurable solutions allow public and private colleges and universities to build a workplace benefits and retirement savings suite that fit their specific workforce — all while reducing administrative burden and helping to attract and retain talent. Personalized, comprehensive and user-friendly all the way.
Insightful employer-focused education
News, research, tips and other helpful articles spanning health and wealth topics to keep you in the know.
Insurance products are issued by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the Voya® family of companies. Voya Employee Benefits is a division of both companies. Product availability and specific provisions may vary by state.
1 Rankings based on Pensions & Investments Magazine Defined Contributions Recordkeeper Survey of participating companies self-reported data as of April 2024. Voya rated #5 in number of plan participants.
2 LIMRA 4Q 2023 Workplace Supplemental Health In Force Final Report; Marketshare Total Group Based Supp. Health.
3 Based on responses to satisfaction survey question, “Was it easy to file your claim?” individuals received after receiving payment of a Wellness benefit from January 2024 – June 2024. Number of respondents = 6,283.
4 As of 9/30/2024 - Internal Voya data.
5 As of 12/31/23. Full-Service client retention % determined by using plan counts.
6 As of 12/31/2023 - Internal Voya data.
Corporate Insight, Inc. rating: In 2024, Voya Financial earned an “Excellent” rating from Corporate Insight, Inc., in their 2024 Retirement Plan Monitor – Institutional Report. The report evaluates plan recordkeepers’ sponsor website homepages and plan dashboards. The overall design and approach that firm’s use to present plan information and specific details they provide are graded using multiple criteria across three categories: approach, data metrics, and resources. The rating is based on 2023 activity and no fee was paid for consideration. In order to receive an excellent rating, firms must present clear, informative plan summary experiences, offer a comprehensive selection of data and visualizations, provide design elements with a clean layout, and key resources including a participant search tool, alerts and messages as well as abundant quick links. They also include beneficial design elements, like customization options or responsive design. Awards and/or rankings are not representative of actual client experiences or outcomes and are not indicative of any future performance.
World’s Most Ethical Companies: In March 2024, Voya Financial was one of 136 companies recognized by Ethisphere® as one of the 2024 World’s Most Ethical Companies® based on performance in 2023. The World’s Most Ethical Companies assessment is based upon Ethisphere’s Ethics Quotient® framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories and provided to all companies that participate in the process: ethics and compliance program (35%), culture of ethics (20%), environmental and societal impact (20%), governance (20%), and third-party management (5%). While Voya’s Senior Vice President of Corporate and Organizational Development sits on Ethisphere’s Equity and Social Justice Initiative Advisory Council, he plays no role in the selection process for the World’s Most Ethical Companies award, but this fact has been disclosed to the extent it may be perceived as a possible conflict of interest. There is a processing fee of $3,500 USD to participate. Voya also pays $19,500 USD a year to participate in Ethisphere’s Business Ethics Leadership Alliance (“BELA”), which provides additional resources and services to members, including benchmarking data and related Ethisphere insights and guidance. There is also a $35,000 USD licensing fee for use of the logo. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC. Awards and/or rankings are not representative of actual client experiences or outcomes and are not indicative of any future performance.
Neither Voya® nor its affiliated companies or representatives provide tax or legal advice. Please consult a tax adviser or attorney before making a tax-related investment/insurance decision.
Products and services offered through the Voya® family of companies.