VOYA 401(K) SAVINGS PLAN Contribution & Employer Match

How VOYA SERVICES COMPANY Supports Your Retirement Savings

VOYA SERVICES COMPANY provides retirement savings benefits through VOYA 401(K) SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

VOYA 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for VOYA 401(K) SAVINGS PLAN is $207,068.00

VOYA 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for VOYA 401(K) SAVINGS PLAN is $6,431.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
411,591.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 6,431.00 in VOYA 401(K) SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in VOYA 401(K) SAVINGS PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

VOYA 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, VOYA 401(K) SAVINGS PLAN allocates $48,418,541.00 to match its employees’ contributions, providing an employer match rate of 60.34% of their contributions

VOYA 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in VOYA 401(K) SAVINGS PLAN is approximately $3,652.00
Investing in this additonal $3,652.00 for 20 years would give you extra $233,747.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

VOYA 401(K) SAVINGS PLAN Contribution & Match Policy

VOYA 401(K) SAVINGS PLAN Plan Policies

VOYA 401(K) SAVINGS PLAN Contribution, Match and Other Plan Policies

  • Participants in the Plan may contribute up to 50% of their pre-tax eligible compensation.
  • Participants may also contribute eligible amounts representing distributions from other qualified plans (rollovers) and participants who have attained age 50 or over in a plan year may elect to begin making catch-up contributions for such plan year in addition to their participant contribution.
  • The Company matches participant pre-tax and Roth contributions at 100% of each participant’s contributions up to the first 6% of eligible compensation.
  • Participants are immediately vested in their contributions plus actual earnings thereon.
  • Participants will vest in the Company’s matching contributions plus actual earnings thereon over four years of service at the rate of 25% after the first year, 50% after the second year, 75% after the third year, and 100% after the fourth year.
  • Participants are immediately fully vested when any of the following occur: (1) obtaining age 65 while actively employed, (2) dying while actively employed, (3) obtaining eligibility for benefits under Voya’s managed long term disability plan, or (4) termination or partial termination of the Plan to the extent such termination applies to a participant.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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