Retirement Services

OneAmerica® Opens New Office for Retirement Services in Honolulu

The companies of OneAmerica® today announced the expansion of a new regional office for retirement services located in Honolulu. The new office will give the companies of OneAmerica an important presence on Oahu and throughout Hawaii. OneAmerica recently expanded its retirement services sales region to obtain better market penetration. “Our new regional office in Honolulu represents the only nationally recognized retirement services provider with a physical and permanent location in the  more...

OneAmerica® Completes Acquisition of City National Bank Retirement Services Division

Growing financial services company also boasts 13 percent increase in year-over-year retirement sales

OneAmerica® has completed the acquisition of City National Bank’s retirement services recordkeeping business. Business operations will remain in San Diego. Terms of the agreement, announced in June, were not disclosed. “We’re excited to add City National Bank’s retirement business to our leading position in the retirement plan market,” said Scott Davison, president and chief executive officer of the companies of OneAmerica. “The unique market niche and service capabilities of the City  more...

OneAmerica® Appoints Pete J. Schroedle as Retirement Sales VP

New position will serve clients in new central region

Pete Schroedle has been named regional vice president of retirement sales for the central region of the companies of OneAmerica. In this newly created role, Schroedle will oversee the Chicago, Cleveland, Detroit, Indianapolis, Kansas City, Minnesota, San Antonio and St. Louis offices and will be based out of the corporate office in Indianapolis. “Our clients and staff will undoubtedly benefit from Pete’s extensive experience in the retirement plan market,” said Paul Citron, vice president  more...

More than Half of Retirement Plan Participants in Favor of Automatic Annual Increase

OneAmerica® survey also indicates top financial distractions to retirement saving

Fifty-five percent of retirement plan participants who took a recent survey by American United Life Insurance Company® (AUL), a OneAmerica company, said they would favor automatic annual increases to their contributions. “With non-stop family, health and life events and changing financial obligations over the course of one’s life, saving for retirement can easily fall to the bottom of the priority list,” said Marsha Whitehead, vice president of marketing for retirement services for the  more...

OneAmerica® Conducts Inaugural Pension Risk Transfer

Pension Risk Buy-Out Program Eases the Burden for Plan Sponsors

American United Life Insurance Company® (AUL), a OneAmerica company, successfully completed its first pension liability settlement guaranteeing benefits for pensioners. The process was managed by the plan sponsor’s Pension Risk Transfer advisor, Dietrich & Associates, Inc. “The Dietrich team helped us secure our first new Pension Risk Transfer client, and we welcome the opportunity to demonstrate a competitive advantage in this growing market,” said Andy Wilkinson, vice president for the  more...

OneCheck Program Helps Plan Sponsors Take the Pulse of Retirement Plans

New OneSolution™ suite facilitates retirement readiness and plan compliance

The companies of OneAmerica© introduce OneCheckSM, a set of plan health monitoring tools and reports for participants and sponsors included in the recently launched OneSolution™ suite of retirement plan management capabilities. “OneCheck tools and reports can help clients make comprehensive and strategic decisions about their retirement plan,” said Marsha Whitehead, vice president, Retirement Services for the companies of OneAmerica. “Helping the workforce achieve retirement goals requires  more...

Perceived Expense a Barrier to Working with a Financial Professional

Under 50s, those with household income less than $75,000 are more likely to go it alone

Sixty-five percent of people surveyed do not use a financial professional, according to the latest findings of a retirement plan participant survey conducted by American United Life Insurance Company® (AUL), a OneAmerica company. Of the 7,545 people surveyed, individuals under 50 years of age are the least likely to work with a financial professional (27 percent), followed by those who have a household income of less than $75,000 (26 percent). Men and women engage with a financial professional  more...

OneAmerica® to Acquire City National Bank’s Retirement Services Division

OneAmerica® and City National Bank announced today that they have entered into an agreement whereby OneAmerica will acquire City National Bank’s San Diego-based retirement services recordkeeping business. Terms of the agreement were not disclosed. The transaction is expected to close later this year. At that time, the business will adopt the name OneAmerica Retirement Services LLC. OneAmerica will continue business operations from the current San Diego location and clients will continue to  more...

OneAmerica® Retirement Services Expands Sales Regions, Appoints New Leadership

Paul Citron has been named vice president of national sales and field service

The companies of OneAmerica® today announced the implementation of a three-region sales and distribution structure for retirement services. The new structure will improve geographic proximity, create efficiencies and increase productivity. Paul Citron has been named vice president of national sales and field service and will now oversee all three regions. Citron joined OneAmerica in 2012 as regional vice president and brings over 20 years of retirement sales, service and management experience  more...

OneAmerica® Poll Shows Online Tools Used Most to Determine Retirement Income Needs

Survey also shows less than half know how much they will need; most don’t know how to calculate

Online tools prevail as the top choice for retirement plan participants who calculate retirement income needs according to a recent survey conducted by American United Life Insurance Company® (AUL), a OneAmerica company. More than half (52 percent) of survey responders who have calculated how much they need to save for retirement reported using an online tool. This method ranked above other options, which included using a worksheet (25 percent), making calculations on their own (24 percent)  more...