Voya Financial completes acquisition of OneAmerica Financial’s retirement plan business — now supports nearly 8 million participants
Summary
The acquisition also provides Voya with a broader set of capabilities that complement its existing product suite, including competitive employee stock ownership plan administration, and new opportunities to expand the firm’s distribution footprint and deepen its existing advisor relationships. “ Completing this acquisition is an important milestone in our commitment to growing our Workplace Solutions businesses,” said Heather Lavallee, CEO, Voya Financial. “ As we welcome the OneAmerica Financial retirement customers and associates to Voya, we look forward to working together with our talented and complementary new team members to continue to deliver the quality products and services our clients have come to know and expect from our collective teams. We are excited about the tremendous benefits this acquisition brings to our stakeholders as we move forward, including our colleagues, customers, and intermediary partners.” Voya plans to provide further details about the transaction during its fourth-quarter and full-year 2024 earnings call in early February 2025. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya’s workplace benefits and savings offerings by engaging directly with more than 12 million employees in the U.S. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and committed to conducting business in a way that is economically, ethically, socially and environmentally responsible.