NQDC
NAPAFIRMPARTNERS
Windsor, CT • Voya.com
Des Moines, IA • principal.com
Principal Financial Group
Voya Financial
Key Contact(s)
Key Contact(s)
Kathleen Souhrada 515.986.0980 • souhrada.kathleen@principal.com Scott Heidesch 515.878.1685 • heidesch.scott@principal.com
Firm Profile At the Principal Financial Group®, we strive to help employers realize the full potential of their executive benefit program, while helping participants achieve improved outcomes. Through industry leadership, a flexible service model, investment expertise, and participant education, we offer plans that you can customize based on the needs of plan sponsors and their key employees. Principal® offers a wide range of financial products and services, including retirement, asset management and insurance through our family of financial services companies.
Primary Market(s) Served Micro: < 10 eligible participants and < $250,000 in annual contributions Small: 11 to 50 eligible participants and $250,001 to $500,000 in annual contributions Mid: 51 to 100 eligible participants and $500,001 to $1,000,000 in annual contributions Large: 101 to 500 eligible participants and $1,000,001 to $5,000,000 in annual contributions Mega: 500 eligible participants and > $5,000,000 in annual contributions
Plans/Participants Served By Type*
Other Defined Contribution (Account Balance Plan): 2,699 / 67,640 Defined Benefit (Non-account Balance Plan): 124 / 1,070 457(f) Plans: 277 / 1,464 Other: 1,141 / 41,752
Informal Funding Supported Separate Account Life Insurance, General Account Life Insurance, Institutional Investments, Exchange-traded Funds (ETFs), Company Stock, Mutual Funds, Unfunded
Key Differentiating Services Principal provides plan sponsors and their participants comprehensive solutions, innovative plan designs, multiple financing options and administrative and onboarding services. Plan sponsors receive a service model with features, tools and coordinated support at a national and local level. Our experienced staff sets a high standard of service for both clients and their advisors, with the goal of building lasting relationships that meet their ongoing needs. We deliver nonqualified plan solutions for all sizes and types of employers and organizations.
Recordkeeping Platforms Used Proprietary recordkeeping platform
Hunter Penland 925.251.3467 • Hunter.Penland@voya.com Christian Penland 925.251.3468 • Christian.Penland@voya.com Jennifer Scully 917.373.0168 • Jennifer.Scully@voya.com Michael Adriatico 513.884.7072 • Michael.Adriatico@voya.com
Firm Profile Voya Financial, Inc. is a leading health, wealth and investment company that serves the financial needs of 14.7 million individual and institutional customers across the US. As part of our workplace solutions, Voya offers an integrated and simplified qualified and nonqualified plan experience. For more than 50 years, Voya has provided clients with the highest level of quality and service in the design, implementation, and administration of employee and executive benefit plans.
Primary Market(s) Served Micro: < 10 eligible participants and < $250,000 in annual contributions Small: 11 to 50 eligible participants and $250,001 to $500,000 in annual contributions Mid: 51 to 100 eligible participants and $500,001 to $1,000,000 in annual contributions Large: 101 to 500 eligible participants and $1,000,001 to $5,000,000 in annual contributions Mega: 500 eligible participants and > $5,000,000 in annual contributions
Informal Funding Supported Separate Account Life Insurance, General Account Life Insurance, Institutional Investments, Fixed Indexed Life, Letters of Credit, Annuities, Hybrid Financing, Alternative Investments, Exchange-traded Funds (ETFs), Company Stock, Mutual Funds, Unfunded
Key Differentiating Services • Consultative plan design support to achieve an employer’s executive compensation goals • Sophisticated funding structures, including mutual funds and corporateowned life insurance (COLI) • Tailored services that include participant web tools, enrollment, education and communication resources • Plan administration and trust services built around a recordkeeping system designed to support the most complex nonqualified plans
Recordkeeping Platforms Used Voya uses the Relius trading platform supplemented with proprietary capabilities that support a wide range of non-qualified plans. Voya also uses the FIS OMNI platform.
*as of 6.30.23
NAPABLACKBOOK2023
149