WINDSOR, connection – () – Voya Financial, Inc. (NYSE: VOYA) announced today that it is the first publicly traded company to be recognized by DALBAR, a premier expert in the retirement provision industry for evaluating, auditing and evaluating business practices. Voya received certification along with a five-star rating for the 401 (k) plans offered to its own employees. DALBAR’s ESG Plan Certification is an annual process for assessing the success of a plan in actively applying the ESG principles to its retirement plan.

“At Voya, we continue to incorporate the broad view of ESG factors into our benefit offerings and are pleased that DALBAR is recognizing the work and efforts of our teams to obtain ESG certification for the 401 (k) retirement plans we offer to our own employees Has. “Said Kevin Silva, EVP and Chief Human Resources Officer of Voya Financial. “Empowering all people to achieve a better financial future means taking steps that can help our own employees meet their health and wealth needs, including retirement benefits. For employers like Voya, one way to support this is to extend the ESG principles to corporate service offerings. ”

DALBAR’s ESG Retirement Plan Certification * includes a review of all ESG factors, including:

  • Environmental factors such as paper suppression, auto-registration, and online capabilities;

  • Social factors such as appropriate contributions and attendants; and

  • Governance factors such as plan fees, regulatory compliance and investment policy.

The underlying principle of ESG Plan Certification is to recognize an incentive to continuously improve plans to achieve this goal, with a five-star rating being achieved through support for environmental, social and governance characteristics. Earning ESG certification for the retirement plan can benefit both employers and employees themselves, including attracting new talent to a company that offers a plan that is committed to serving the community.

“Although ESG has grown in popularity in recent years, particularly when it comes to investing in a plan, we recognize that building strong ESG practices in corporate benefits and retirement planning requires several considerations,” added Heather Lavallee, CEO. added wealth solutions for Voya Financial. “Whether you’re looking at digital features that can reduce print usage or planning the sign-ups and standard investment options, there are many factors to consider when looking for ways to incorporate ESG best practices into a retirement plan.”

ESG principles integrate with the individual operations and decisions a company makes on a daily basis, including the employer’s pension plan. In addition, interest in ESG is becoming increasingly important for the individual himself. According to a study by Voya, more than half (60%) of people say they would likely contribute more to an ESG-centric retirement plan if it were certified1 – and the majority (83%) of working Americans think it is important Applying ESG principles Workplace benefits.2 The combination of increased participation and higher contribution rates can ultimately help increase pension security for more participants.

“Our ESG certification has four goals: identify problems before they become problems; make inexpensive plan improvements; obtain public and internal recognition of performance; and improve talent recruiting, ”said Louis Harvey, President and CEO of DALBAR, Inc.

Employers interested in ESG certification for the retirement plan can find out more at DALBAR ESG certification website and should contact the recorder of their defined contribution plan to find out how they can work with DALBAR to begin the certification process. Voya assisted DALBAR in developing this certification but does not play a role in the assessment process.

As an industry leader focused on delivering health, wealth and investment solutions for and through the workplace, Voya Financial is committed to fulfilling its mission to create a secure financial future for all Americans – one person, one family, one institution at a time.

1. Voya ESG Principles & Investments study conducted by Voya’s online consumer community of n = 101 consumers, split by age and gender (June 2020).

2. Based on the results of a Voya Financial survey conducted between January 18 and 26, 2021 via the online research platform AYTM Ask Your Target Market among n = 750 Americans aged 18 and over who are full-time employees and actively contribute to theirs employer-sponsored retirement plan, age and gender balanced, to reflect the U.S. population.

* DALBAR, Inc. is a leading financial services research firm, conducting a variety of assessments and evaluations of practices and communications, committed to improving standards of excellence in the financial services and healthcare industries. DALBAR is a separate entity and not an affiliate of Voya Financial®. The criteria for DALBAR ESG certification can be divided into 3 categories: environment (paper suppression, automatic registration, online skills), social (early payout options, appropriate contributions, switchboards, support before / after retirement) and governance (reasonable plan fees, Compliance with Applicable Regulations, Sound Investment Policy, Investment Review, Third Party Requirements). An annual fee is charged for the certification of the ESG plan, which is the same for all participants in the program and is based on the number of participants in the plan (<1,000 participants is $500, 1,000 - 10,000 participants is $2,500, >10,000 participants is $ 5,000). DALBAR ESG certification does not reflect actual experiences or results of customers and is not an indication of future performance. Voya supported DALBAR in developing the ESG Plan certification. DALBAR asked Voya to participate in the data collection process and to give DALBAR feedback on the questionnaire process from the customer’s point of view. Voya participated in a beta test for certification. The certification process was carried out by Dalbar and Voya had no way of influencing the outcome. Certification is based on pass / fail factors and is consistently applied to all plans that seek certification.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA) provides health, wealth, and investment solutions that enable its approximately 14.8 million residential, workplace, and institutional customers to achieve their financial wellness goals with confidence. With the vision of being America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company with 2020 sales of $ 7.6 billion and total assets under management and management of $ 729 billion as of March 31, 2021. Certified a Great Place to Work by the Great Place to Work® Institute, Voya is equally committed to socially, ecologically, economically and ethically responsible business activity. Voya was named the Most Admired Company in the World 2020 by Fortune Magazine; One of the Most Ethical Companies in the World 2020® by the Ethisphere Institute; as a member of the Bloomberg Gender Equality Index; and as “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability: IN. For more information, visit Follow Voya Financial on Facebook, LinkedIn and twitter @Voya.


DALBAR, Inc. is the financial world’s leading independent expert on evaluating, auditing, and evaluating business practices, customer performance, product quality, and service. Founded in 1976, DALBAR has earned recognition for providing consistent and unbiased reviews from insurance companies, investment companies, registered investment advisors, broker-dealers, retirement plan providers and financial professionals. The DALBAR awards are considered a seal of quality in the financial world.