OneAmerica® Conducts Inaugural Pension Risk Transfer

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 companies of OneAmerica. “Our Pension Risk Transfer product offers a win-win for participants and plan sponsors. Participants can enjoy a guarantee for the life of their benefit backed by our companies’ solid financial strength. Plan sponsors can benefit from our extensive experience in defined benefit administration.”

The companies of OneAmerica re-introduced its pension risk transfer offering earlier this year.

“We are pleased to be involved with OneAmerica’s re-entrance into this market,” said Geoff Dietrich, managing director of Dietrich & Associates, Inc. “Their financial strength combined with proven expertise in defined benefits recordkeeping, reporting and administration make OneAmerica a strong contender in this emerging market.”

Pension Risk Transfer is a Single Premium Group Annuity (SPGA) guaranteed buy-out product that allows plan sponsors to transfer pension risk to AUL. Recordkeeping of individual employee data and tax withholding and reporting administrative services are also included. For more information, contact Blaine Reber at (317) 285-2558 or email prt@oneamerica.com.

Nationally recognized in retirement plan administration¹, AUL has over $16 billion in defined contribution assets under administration and boasts an A+ (Superior) rating, the second highest of 16, from A.M. Best Co. and an AA- (Very strong) rating, the fourth highest of 22, from Standard & Poor’s.

¹Boston Research Group 2013 Defined Contribution Plan (DCP) Sponsor Satisfaction and Loyalty Study for plans under $5M

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About Dietrich & Associates, Inc.
For more than 30 years Dietrich & Associates, Inc. has been the industry leader in providing institutional Risk Transfer solutions for pension and retiree medical plan terminations and settlements, as well as guaranteed income solutions for defined contribution plans. During this period Dietrich has successfully transferred pension obligations guaranteeing benefits for more than 400,000 participants. As a result, we have developed and maintain strong working relationships with all of the major insurance companies providing institutional annuities.

For more information visit www.dietrichassociates.com or via email at info@dietrichassociates.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. (www.oneamerica.com), headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 years in the insurance and financial services marketplace.

OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. 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 network of employees, agents, brokers and other distribution sources that are committed to increasing value to our policyholders by helping them prepare to meet their financial goals.

Visit the OneAmerica Newsroom or follow @OneAmericaNews on Twitter for more information.