Voya Financial announced it has been selected to continue serving as the retirement plan provider for the City and County of Honolulu’s Deferred Compensation Plan, extending a relationship that began in 1979 through a new five-year contract. The renewal followed a competitive Request for Proposal process in which Wealthspire Retirement Advisory served as the City and County’s independent retirement plan advisor.
The plan is a 457(b) Deferred Compensation Plan representing approximately $1.2 billion in assets and serving nearly 9,300 participants. Voya said the extension reflects its combination of national-scale capabilities with a locally embedded team based in Honolulu that provides hands-on education and personalized guidance. The company said its average government client tenure is 31 years, and that it ranks as the number one provider of 457(b) deferred compensation plans for government entities, based on its analysis of the 2025 PLANSPONSOR Recordkeeping Survey conducted by ISS Media.
KEY QUOTES:
“Our employees dedicate their careers to serving the people of Oʻahu, and they deserve access to high-quality retirement planning resources that help them prepare for the future. The competitive selection process confirmed that Voya continues to provide the level of service, expertise, and local support our employees have come to rely on.”
Rick Blangiardi, Mayor, City and County of Honolulu
“The extension reflects Voya’s longstanding commitment to combining national-scale capabilities with a deeply embedded local approach, anchored by our Honolulu-based team members who provide hands-on education, personalized guidance, and continuity in service. Over the years, this model has helped drive strong participant engagement, expand access to retirement planning resources, and help employees build greater confidence in their financial futures.”
Gavin Gruenberg, Government Market Retirement Sales Leader, Voya Financial
