WINDSOR, Conn., Aug. 22, 2013 /PRNewswire/ -- ING U.S. announced today that its Retirement Solutions business became the service provider for the ADP TotalSource Retirement Savings Program, effective August 7, 2013. The program, serviced by ING U.S.'s large corporate markets recordkeeping division, comprises approximately 2,800 plan sponsors as part of multiple-employer arrangement that represents over 57,000 participants and nearly $2 billion in assets.
As part of its commitment to advancing the retirement readiness of working Americans, ING U.S. will provide participants access to financial planning tools, as well as custom communication and financial education programs designed to inform, engage and inspire individuals to make positive changes now so they can work towards enjoying a comfortable retirement down the road.
In addition, participants will have access to a comprehensive investment lineup, which includes a selection of best-in-class options -- several managed by ING U.S.'s asset manager, ING U.S. Investment Management. Participants will also have access to personalized, objective investment and in-plan retirement planning advice.
This new relationship underscores the unique ability and commitment ING U.S. has in serving large 401(k) programs, which is a cornerstone capability of ING U.S.
"We're thrilled that the firm has placed its trust in ING U.S. as the company's new retirement plan services provider," said Rick Mason, president of Corporate Markets for ING U.S. Retirement Solutions. "We look forward to providing our distinctive value and holistic retirement readiness solutions to help more Americans achieve the financial security they expect and deserve."
ING U.S. is one of the largest providers of retirement plan services in the industry, supporting nearly 48,000 institutions and more than five million individual participants.1 The company is committed to the mission of making a secure financial future possible -- one person, one family and one institution at a time.
1. Pensions & Investments ranking of Top DC Recordkeepers, April 2013
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About ING U.S.
ING U.S. (NYSE: VOYA), which plans to rebrand in the future as Voya Financial, is a premier retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The company's vision is to be America's Retirement Company and its guiding principle is centered on solving the most daunting financial challenge facing Americans today - retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, ING U.S. provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, ING U.S. is grounded in a clear mission to make a secure financial future possible - one person, one family and one institution at a time. For more information, visit http://ing.us.
SOURCE ING U.S.