{"id":47035,"date":"2022-08-08T15:02:00","date_gmt":"2022-08-08T13:02:00","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/voya-selected-as-new-service-provider-for-memorial-health-systems-retirement-plans\/"},"modified":"2022-08-08T15:02:00","modified_gmt":"2022-08-08T13:02:00","slug":"voya-selected-as-new-service-provider-for-memorial-health-systems-retirement-plans","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/voya-selected-as-new-service-provider-for-memorial-health-systems-retirement-plans\/","title":{"rendered":"Voya selected as new service provider for Memorial Health System\u2019s retirement plans"},"content":{"rendered":"
\n

WINDSOR, Conn.–(BUSINESS WIRE)–Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Memorial Health System retirement savings plans.\n<\/p>\n

<\/a><\/p>\n

\nMemorial Health System, based in Gulfport, Mississippi, is a not-for-profit medical complex jointly owned by the City of Gulfport and Harrison County. Its mission is \u201cto heal, inspire and transform the health of our community.\u201d The retirement plans, which transitioned to Voya in September 2021, consist of two 403(b) plans, one 401(a) plan and one 457(b) plan, which represents approximately $250 million in retirement plan assets and services 2,000 participants.\n<\/p>\n

\n\u201cIn looking for a retirement plan provider, we were really looking for a provider who could understand the intricacies involved in our plan offerings,\u201d said Myron S. McCoo, VP, Human Resources for Memorial Health System. \u201cVoya\u2019s solutions were compelling and aligned with our needs. Ultimately, the white-glove service they provided during our transition demonstrated that they were the right choice.\u201d\n<\/p>\n

\nAs part of its commitment to improve the financial wellness of Memorial employees, Voya will provide plan members with access to industry-leading educational tools and resources. These include Voya\u2019s myOrangeMoney\u00ae<\/sup> interactive and educational participant website experience, along with access to the company\u2019s Financial Wellness experience and Retirement Readiness resources.\n<\/p>\n

\n\u201cWe are excited to be selected as the new service provider for Memorial\u2019s retirement plans,\u201d said Brodie Wood, SVP and national practice leader for Health Care Markets for Voya Financial. \u201cTheir mission \u2018to heal, inspire and transform the health of our community\u2019 aligns with Voya\u2019s values and community focus and underscores our commitment to making a secure financial future possible for all Americans.\u201d\n<\/p>\n

\nErnst & Young assisted Memorial with the search and ultimate selection of Voya as the plans\u2019 recordkeeper.\n<\/p>\n

\nVoya is uniquely positioned in the market to serve retirement plans of all sizes and across all sectors, including health care organizations. This includes hospitals, medical centers, physician groups, and other health and wellness organizations. Voya\u2019s average tenure for a health care client is 29 years, and its Tax-Exempt Markets segment supports more than 4,500 health care organizations with their retirement planning needs.1<\/sup> To learn more, visit Voya.com\/employers\/tax-exempt\/healthcare<\/a>.\n<\/p>\n

\nAs an industry leader focused on the delivery of health, wealth, and investment solutions to and through the workplace, Voya Financial is committed to delivering on its mission to make a secure financial future possible for all Americans \u2014 one person, one family, one institution at a time.\n<\/p>\n\n\n
\n

\n1. Voya internal data as of Dec. 31, 2021.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nAbout Voya Financial\u00ae<\/sup><\/b>\n<\/p>\n

\nVoya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technologies that help Americans become well planned, well invested and well protected. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya has approximately 6,000 employees and had $644 billion in total assets under management and administration as of June 30, 2022. Certified as a \u201cGreat Place to Work\u201d by the Great Place to Work\u00ae Institute, Voya is purpose-driven and is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World\u2019s Most Ethical Companies\u00ae by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a \u201cBest Place to Work for Disability Inclusion\u201d on the Disability Equality Index. For more information, visit voya.com<\/a>. Follow Voya Financial on Facebook<\/a>, LinkedIn<\/a> and Twitter @Voya<\/a>.\n<\/p>\n

\nVOYA-RET
\n
VOYA-IR\n<\/p>\n

Contacts<\/b> <\/p>\n

\nMedia Contacts:<\/b>
Laura Maulucci
\n
(508) 353-6913
\n
Laura.Maulucci@voya.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

WINDSOR, Conn.–(BUSINESS WIRE)–Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Memorial Health System retirement savings plans. Memorial Health System, based in Gulfport, Mississippi, is a not-for-profit medical complex jointly owned by the City of Gulfport and Harrison County. Its mission is \u201cto … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-47035","6":"format-standard","7":"category-industry"},"yoast_head":"\nVoya selected as new service provider for Memorial Health System\u2019s retirement plans - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/voya-selected-as-new-service-provider-for-memorial-health-systems-retirement-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Voya selected as new service provider for Memorial Health System\u2019s retirement plans - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"WINDSOR, Conn.–(BUSINESS WIRE)–Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Memorial Health System retirement savings plans. Memorial Health System, based in Gulfport, Mississippi, is a not-for-profit medical complex jointly owned by the City of Gulfport and Harrison County. Its mission is \u201cto ... 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