Coming soon, the myOrangeMoney® online educational interactive loan tool experience allows plan sponsors and participants to simulate the impacts of taking a retirement loan.
Do your participants make thoughtful retirement savings decisions, or do they make selections on the fly?
While saving for retirement is a long, multi-faceted journey, it’s rarely revisited after the enrollment stage. As an example, let’s say you have an employee who automatically enrolled 4 years ago, spending less than 5 minutes in the process. She never returns to the participant website to reconsider her decision, despite major life changes including getting married and getting a promotion.
Across the United States, one in five children and adults—that’s 65 million people—will experience a special need or disability during their lifetimes. Serving the special needs community is an extension of Voya's efforts to help all Americans have the quality of life they seek in retirement. As part of this effort, Voya is instituting pilot programs for financial advisors to specially train and arm them with the information and resources they need to better serve the needs of families facing disability challenges.
When it comes to helping your employees stay on the right track towards retirement, there are common misconceptions that can prevent plan sponsors from taking action. One of the biggest questions is “how can we help employees from the start and course correct along the way?”