Voya selected for Oklahoma City retirement recordkeeping
City of OklahomaCity · Oklahoma City, OK- Disclosed value
- $3.00 per unique SSN annually for recordkeeping; $50 per Schwab PCRA account (if elected by participant); various participant-paid fees (e.g., $75 per loan initiation, $25 annual loan maintenance, $350–$450 per QDRO review)
- From agenda
- Document date
- Sep 30, 2025
The 30-second brief
The Oklahoma City Deferred Compensation Board recommends that the City approve an Administrative Services Agreement with Voya Financial, effective December 1, 2024, to provide recordkeeping and administrative services for the City’s 457 and 401 defined contribution plans. The five-year agreement sets a base fee of $3.00 per unique participant SSN annually, plus various participant-level fees, and establishes detailed performance standards with fees at risk for noncompliance.
Voya Financial holds this financial services contract with City of Oklahoma. Its other public contracts on record include work for Greencastle-Antrim SD and Johnson County.
Term as filed: Initial term of five (5) years beginning when Voya commences providing ongoing services, from Agreement effective date December 1, 2024; continues thereafter until terminated with 180 days’ notice.
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Contract details
- Contract type
- Financial Services
- Amount
- $3.00 per unique SSN annually for recordkeeping; $50 per Schwab PCRA account (if elected by participant); various participant-paid fees (e.g., $75 per loan initiation, $25 annual loan maintenance, $350–$450 per QDRO review)
- Document date
- September 30, 2025
- Term
- Initial term of five (5) years beginning when Voya commences providing ongoing services, from Agreement effective date December 1, 2024; continues thereafter until terminated with 180 days’ notice
- Vendor
- Voya Financial
- Agency
- City of Oklahoma
- Source document
- oklahoma_city_deferred_compensation_board_special.pdf (Agenda)
Voya Financial's other public contracts
More City of Oklahoma contracts
Questions about this contract
Who was awarded the financial services contract by City of Oklahoma?
Voya Financial was awarded this financial services contract by City of Oklahoma, as recorded on September 30, 2025. The contract value is $3.00 per unique SSN annually for recordkeeping; $50 per Schwab PCRA account (if elected by participant); various participant-paid fees (e.g., $75 per loan initiation, $25 annual loan maintenance, $350–$450 per QDRO review).
How much is the Voya Financial contract with City of Oklahoma worth?
The Voya Financial contract with City of Oklahoma is valued at $3.00 per unique SSN annually for recordkeeping; $50 per Schwab PCRA account (if elected by participant); various participant-paid fees (e.g., $75 per loan initiation, $25 annual loan maintenance, $350–$450 per QDRO review), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in oklahoma_city_deferred_compensation_board_special.pdf (Agenda), dated September 30, 2025 from City of Oklahoma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Voya Financial hold?
Voya Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Oklahoma currently buying?
Explore City of Oklahoma's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.