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Voya says most participants ‘staying the course’; Oklahoma City staff plan Roth option for Jan. 1, 2026
Summary
At the May 21, 2025, Oklahoma City Deferred Compensation Board meeting, Voya reported high participant retention, rising digital engagement and significant distributions from a new plan; staff said Roth contributions are included in plan documents and payroll testing is underway for a Jan. 1, 2026, launch.
Andrea, a Voya representative, told the Oklahoma City Deferred Compensation Board on May 21 that the firm’s data show participants largely kept money in the plans during recent market volatility and that digital engagement has increased.
Voya highlighted that “98% 98.6% of our participants are staying the course, and have not made any investment trades or, basically moved their money,” Andrea said. The presentation also showed a 3.9% increase in digital engagement year over year and that 69% of participants had increased their contributions compared with 71% a year earlier.
The information matters because it frames how the city’s employee retirement plans are weathering market swings and whether participants are using tools and education provided by plan administrators. Voya’s data informed a…
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