Voya Financial buys OneAmerica Financial's $60B retirement plan business

With the acquisition, Voya will grow its Workplace Retirement Plans, since OneAmerica serves employers and plans of all segments and sizes, including startup.

By Lynn Cavanaugh | September 11, 2024 at 12:13 PM

Voya Financial is acquiring OneAmerica Financial's retirement plan business, Voya announced today. As a result of the $50 million acquisition, Voya's Wealth Solutions Defined Contribution client assets will grow to $580 billion, with 60,000 total retirement plans and 7.9 million plan participants.

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