The Indiana Public Retirement System (INPRS) annuity savingsaccount program has a new service provider: Voya Financial.

Voya’s retirement business was chosenas the new provider for the program, which is part of a hybrid401(a) government retirement system consisting of employer andemployee contributions.

The program accounts represent approximately $5.3 billion inassets under administration and have about 319,000 participatingmembers.

The program is scheduled to transition to Voya’s administrativeplatform in 2017. The INPRS commitment involves a potentialfive-year contract.

Voya will provide administrative andrecordkeeping services for the INPRS program, along with offeringparticipants a range of decision-making and planning tools.

The tools include Voya’s participant website, which incorporatesthe myOrangeMoney retirement income planning capability. Voya willalso make its retirement readiness service center support teamsavailable for members.

Voya, which handles the financial needs of approximately 13million individual and institutional customers in the U.S., had $11billion in revenue in 2014. As of September 30 of this year, thecompany had $450 billion in total assets under management andadministration.

“We are thrilled the committee for the INPRS annuity savingsaccount program has placed its trust in Voya and selected us to beits new service provider,” Carolyn Johnson, president of annuitiesand tax-exempt markets for Voya Financial, said in a statement.

Johnson added, “Our teams are ready and committed to growing asuccessful partnership with the state, and helping its membersplan, invest and protect their savings so they can retirebetter.”