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Voya Financial, a prominent player in the investment and insurance sectors, has recently acquired OneAmerica Financial Inc.'s full-service retirement plan business, now serving nearly 8 million participants. The company ranks as the 48th largest institutional investment manager worldwide, as reported by Pensions Investments in June 2024, based on December 31, 2023, asset data.
The firm offers a variety of insurance products through its subsidiaries, including ReliaStar Life Insurance Company, which operate within their respective states. Voya Employee Benefits operates as a division of these companies, with product availability and specific provisions varying by location.
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