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Voya Financial’s (VOYA) multiple employer solutions assets have nearly doubled to $200 billion, according to Zacks. The growth reflects surging pooled employer plan (PEP) adoption and expanded retirement solutions offerings. The company is positioning these segments as potential drivers of further growth in its retirement business.
Voya Financial’s multiple employer solutions (MES) assets have nearly doubled to $200 billion, according to a Zacks article examining whether the segment can boost the company’s retirement business.
Growth Drivers
The Zacks report attributes the asset growth to surging adoption of pooled employer plans (PEPs) and expanded retirement solutions offerings.
- MES assets nearly doubled, reaching $200 billion
- PEP adoption is described as surging
- Retirement solutions offerings have been expanded
Potential Impact
According to the Zacks article, the combination of rising PEP adoption and a broader retirement solutions lineup “could unlock new growth opportunities” for Voya. The report frames multiple employer solutions as a potential driver of further growth in the company’s retirement business.
The article, published on Zacks.com, carries the ticker symbol VOYA.