Voya 2013 Annual Report Download - page 20

Institutional Retirement Plans
Products and Services. We offer tax-deferred Institutional Retirement Plans (across all U.S. tax sectors for
tax-advantaged retirement savings) to employers of all sizes, principally focusing on for-profit businesses, public
and private K-12 education entities and higher education institutions. Within these markets, we offer two distinct
product sets: full service and recordkeeping only.
Full-service retirement products provide recordkeeping, plan administration, tailored participant education
and communication services, trustee services and institutional and retail investments. These include a wide
variety of investment and administrative products for defined contribution plans across all U.S. tax sectors for
tax-advantaged retirement savings, as well as defined benefit pension plans, nonqualified executive benefit plans
and employer stock option plans. Plan sponsors may select from a variety of investment structures and products,
such as general account, separate account, mutual funds, stable value or collective investment trusts and a variety
of underlying asset types (including their own employer stock) to best meet the needs of their employees. A
broad selection of funds is available for our products in all asset categories from over 100 fund companies,
including the ING family of mutual funds managed by our Investment Management business. Our full-service
retirement plan offerings are also supported by award-winning participant communications and education
programs, as well as investment advisory services offered through our Individual Markets business or through
third parties (e.g., Morningstar) to help prepare individuals for retirement through customer-focused personalized
and objective investment advice.
Recordkeeping service products provide administration support for plan sponsors seeking integrated record-
keeping services for defined contribution, defined benefit and non-qualified plans. Our plan sponsor base spans
the entire range of corporate plan sponsors as well as state and local governments. Our recordkeeping retirement
plan offerings are also supported by award-winning participant communications and education programs, as well
as investment advisory services offered through our Individual Markets business.
Our stable value products are offered with a particular focus on cross-selling products utilizing proprietary
investment management to our largest institutional recordkeeping plans. Our product offering includes both
separate account guaranteed investment contracts (“GICs”) and synthetic GICs managed by either proprietary or
outside investment managers.
As a top five provider by assets under management and administration in the United States, our defined
contribution leadership position comes from decades of experience, organic growth and strategic acquisitions that
have allowed us to increase our size, scale and reputation. We are one of only a few defined contribution
providers that offer products, services and support to the full spectrum of businesses, ranging from small to
mega-sized plans.
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