Voya expands nonqualified deferred compensation offering with new ‘Business-ready’ solution for smaller-sized businesses
Voya Financial, Inc. (VOYA)
Last voya financial, inc. earnings: 2/10 04:15 pm
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Source: Business Wire
New solution, designed for small businesses, will build upon Voya’s prior success in the market as its NQDC plan growth more than doubled in 2023 WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), announced today the launch of “Business-ready” — the latest addition to the firm’s comprehensive lineup of nonqualified deferred compensation (NQDC) solutions. As a differentiated market offering, Business-ready provides a more simplified NQDC offering designed specifically for smaller-size employers as an added solution for their executive benefits package.“At Voya, we continue to see a growing interest in our executive benefit solutions — so much so that in 2023 we saw a 117% increase in total plans sold in Voya’s NQDC offerings over the prior year1,” said Kirk Penland, senior vice president, Nonqualified Markets. “At the same time, we also know there is not a ‘one size fits all’ solution when it comes to building an executive’s total rewards package. As smaller employe
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