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The OneAmerica companies introduce participant asset allocation program
Three “glide path” choices available for plan sponsors
Indianapolis, September 30, 2013American United Life Insurance Company® (AUL), a OneAmerica company, today announced an asset allocation program for participants called OnePath Portfolios. The program is offered at no cost to the plan sponsor and enables retirement plan participants to benefit from target date portfolios managed by Mesirow Financial Investment Management, Inc. (Mesirow Financial) that match their risk tolerance and investment time horizon.
OnePath Portfolios offers plan sponsors the selection of three glide path choices – high, medium and low equity. All three glide path options follow a “through retirement” methodology where the investment mix continues to adjust during retirement until the participant reaches the in-retirement portfolio at age 75. The portfolios will provide varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposure based on participants’ target retirement dates in five-year increments. Mesirow Financial will change the portfolios’ respective asset allocation and associated risk levels over time with the intent of decreasing investment risk as each target retirement date approaches.
“With the addition of OnePath Portfolios, the companies of OneAmerica now offer a complete suite of investment model options for plan sponsors,” said Pete Welsh, vice president of product and business strategy for retirement services at the companies of OneAmerica. “By providing OnePath Portfolios, off-the-shelf target funds, and the ability to construct customized investment models, we work with plan sponsors and advisors to develop a solution that fits their needs.”
“Our team has a longstanding, mutually successful relationship with the companies OneAmerica through our fiduciary partnership service, and the addition of our custom target date solution is a natural evolution of that relationship,” said Mike Annin, senior managing director at Mesirow Financial. “OnePath Portfolios will provide plan sponsors with the choice and flexibility needed to enable participants to reach their unique retirement goals.”
Mesirow Financial will act as an investment manager as defined in Section 3(38) of ERISA, with respect to the OnePath Portfolios. Mesirow Financial will also monitor the investment options used in the portfolios and make changes as necessary. Additionally, if the plan fiduciaries wish, Mesirow Financial can also act as a co-fiduciary as defined in Section 3(21)(a)(ii) of ERISA, with respect to the selection and ongoing monitoring of the plan’s investment options.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago, Illinois. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit www.mesirowfinancial.com.
About AUL
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and is focused on providing a strong portfolio of products for individuals, families and businesses. AUL provides local service through a national network of experienced professionals utilizing an extensive menu of financial products, including retirement plan products and services, life insurance, annuities and employee benefit plan products. The company helps consumers prepare for tomorrow by helping to protect their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc., headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 years in the financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other customers. These products include retirement plan products and services; individual life insurance, annuities, long-term care solutions and employee benefit plan products. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a nationwide network of employees, agents, brokers and other distribution sources that are committed to increasing value to policyholders by helping them prepare to meet their financial goals.
Group variable annuity contracts are issued by American United Life Insurance Company® (AUL), One American Square, Indianapolis, IN 46206-0368, 1-800-249-6269. Registered group variable annuity contracts are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, IN 46204, 1-877-285-3863.
Target Date Funds are designed for people who plan to retire and begin taking withdrawals during or near a specific year. These funds use a strategy that reallocates equity exposure to a higher percentage of fixed investments; the funds will shift assets from equities to fixed-income investments over time. As a result, the funds become more conservative over time as you approach retirement. It is important to remember that no strategy can assure a profit or prevent a loss in a declining market and the principal value of the Target Date Funds is not guaranteed at any time, including the target date. Target Date Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Target Date Funds, an investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. The principal amounts invested into these funds are not guaranteed at any point and may lose value. Neither principal nor the underlying assets of target date investments are guaranteed at any time, including the target date, and investment risk remains at all time. There is no assurance that the recommended asset allocation will either maximize returns or minimize risk or be the appropriate allocation in all circumstances for every investor with a particular time horizon.
Mesirow Financial is not an affiliate of American United Life Insurance Company® (AUL) or OneAmerica Securities and is not a OneAmerica company.
Jo Lynn Garing, Media Relations Director, 317-285-1485
jolynn.garing@oneamerica.com
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