Voya Financial Expands its Multiple Employer Solutions as Business Nearly Doubles
Business Wire•04/11/2026•08:45 ET
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Key Highlights
- ➤MES assets nearly doubled to nearly $200 billion over two years
- ➤PEP employer adoption grew over 30% as of September 30, 2026
- ➤PEP employee participation increased over 50% as of September 30, 2026
- ➤PEP assets grew more than 70% year-over-year as of September 30, 2026
- ➤Voya will add multiple investment lineups and fiduciaries within PEPs next month
Expert Statements
Allison Dirksen, Senior Vice President and Head of Retirement Distribution at Voya
“In our conversations with current and prospective clients, we continue to hear a common theme: employers want simpler ways to offer quality retirement benefits that help more of their employees prepare for the future.”
Allison Dirksen, Senior Vice President and Head of Retirement Distribution at Voya
“That’s fueling interest in solutions that can broaden access to retirement savings, reduce the administrative burden and provide greater flexibility to meet different plan needs.”
Sheila M. McCullough, SVP and Head of Retirement Solutions Client Engagement at Voya
“At Voya, we believe everyone deserves the opportunity to save and prepare for retirement through their workplace.”
Sheila M. McCullough, SVP and Head of Retirement Solutions Client Engagement at Voya
“Our continued investment in multiple employer solutions helps employers offer more valuable retirement benefits, while giving advisors flexible options to serve clients, deepen relationships and grow their businesses.”
Voya Financial Expands its Multiple Employer Solutions as Business Nearly Doubles
New pooled employer plan capabilities will provide greater investment choice and streamlined administration as MES business approaches $200 billion in assets
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