Circle K is an international chain of convenience stores with offices and stores across the U.S. The 401(k) plan, which transitioned to Voya in January 2020, represents approximately $450 million in assets under administration and serves roughly 80,000 eligible participants.
Moreover, is VOYA a good 401k?
Overall, the Voya 401k plan offers users a good variety of funds from which to build their portfolio. The website is very user friendly, allowing customers to see historical information on fund performance, view portfolio performance across different time periods, and plan for retirements using several calculators.
In this manner, how do I withdraw money from my VOYA 401k?
You can request a withdrawal online at VoyaRetirementPlans.com, or call a Voya Customer Service Associate at (800) 584-6001.
Can I close my 401k and take the money?
Technically, yes: After you’ve left your employer, you can ask your plan administrator for a cash withdrawal from your old 401(k). They’ll close your account and mail you a check. But you should rarely—if ever—do this until you’re at least 59 ½ years old!
What happens to 401k if you quit?
If you leave a job, you have the right to move the money from your 401k account to an IRA without paying any income taxes on it. This is called a “rollover IRA.” … If they write the check to you, they will have to withhold 20% in taxes.
How much can I borrow from my VOYA 401k?
$50,000
What reasons can you withdraw from 401k without penalty?
Taking Normal 401(k) Distributions
The IRS dictates you can withdraw funds from your 401(k) account without penalty only after you reach age 59½, become permanently disabled, or are otherwise unable to work.
How much does VOYA charge to manage account?
For wrap programs,
| Strategy | Fee Rate |
|---|---|
| Multi-Asset Strategies | 0.10% – 1.00% |
How long does it take to withdraw money from VOYA?
Question : How quickly can I get my money when I make requests for loans, withdrawals and distributions? It takes about 2 business days after your loan request to generate a loan package, which is then mailed to you for your signature.
Is VOYA taxable?
Once your money is in your Traditional IRA, it has the potential to grow tax-deferred. But once you turn 59½ you can begin to take the money out without penalties, and you pay regular income tax on your withdrawals.
How long does it take VOYA to deposit money?
within 7 calendar days