Voya Retirement Advisors (VRA) offers investment advisory services to retirement plan participants. VRA's services, powered by Edelman Financial Engines or Morningstar Investment Management, include online advice and professional management of accounts. VRA provides education, guidance, and advisory services online, via telephone, and in-person through its advisors. VRA does not guarantee financial results.
Fee Structure
Voya Retirement Advisors offers Professional Management (PM), a managed account program, for a fee. The fee can be a single flat tier or a multi-tier model where the fee reduces as the account balance increases. The fees vary by plan and are considered confidential trade secrets, but the fee does not exceed 0.60% annually for the lowest asset level. The Income Beyond Retirement (IBR) feature is available at no additional cost to eligible PM enrolled participants within the Edelman Financial Engines service.