Employers have ongoing access to a forfeiture account with Voya Financial that can be used to offset your employer contributions for the Hybrid 401(a) Cash Match Plan. The forfeiture account balance results from unvested funds from terminated plan members.
You can view your forfeiture balance in SponsorWeb. Refer to the Using Forfeiture Money Guide for information on accessing your forfeiture balance and applying it to a subsequent contribution submission. Reach out to Voya’s Employer Support team at DCPERSupport@voya.com or 844-570-1482 for assistance using these funds.
Employers are encouraged to use their full forfeiture balance each year. However, any remaining balance carries forward and can be used in future years.
