Voya FinancialInc. has earned the business of four private education institutionsand will serve as record keeper for their individual retirement plans.
The plans, when combined, represent more than $71 million intransferable assets and approximately 1,200 participating members.
Voya will provide administrative and recordkeeping services forUniversity of Rio Grande's 401(k) plan, which has approximately $10 million in transferableassets and more than 170 participants; Texas Wesleyan University's 403(b) and 401(a)plans, which have approximately $25 million in transferable assets and nearly 500participants; The Episcopal School of Dallas' 403(b) plan, which has approximately$32 million in transferable assets and more than 450 participants; and ShulamithSchool for Girls' 403(b) plan, which has approximately $4.2 million in transferableassets and 75 participants.
Voya will also provide decision-making and planning tools, on-sitesupport to participants through its team of local financial advisers, and communicationand education programs.