Retirement Services

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...

Survey Says: Men Slightly More Confident about Retirement than Women

Other confidence characteristics bubble up on OneAmerica®survey

Men, individuals age 51 or older and those with an income over $75,000 are more confident about retirement according to a recent survey conducted by the companies of OneAmerica®. Contributing to their confidence is a realistic knowledge of how much retirement income they will need. The companies of OneAmerica surveyed retirement plan participants who visited their online account services portal between Aug. 1 and Nov. 1, 2013. The goal was to better understand participants’ behaviors and  more...

OneAmerica® Offers OneSolution to Ease Retirement Plan Management for Employers

Collection of services can also reduce cost, increase employee plan participation

OneAmerica® recently launched its OneSolution platform, a collection of tools and services to help employers better manage their retirement plans and increase employee participation in them. OneSolution brings together a full suite of investment and administrative services and reporting and educational programs into a single platform of plan management capabilities. “This collection of services not only makes it easier and more cost effective for employers to manage their retirement plans  more...

Pete the Planner® to Provide Videos, Podcasts, Guides for OneAmerica®

Witty, easy-to-understand tips inspire and assist participants in retirement planning

The retirement services division for the companies of OneAmerica® will feature Pete the Planner® in dozens of videos, podcasts and other educational materials in 2014. Peter Dunn, former financial advisor turned author, talk show host and TV news personality was ranked fourth most influential personal finance broadcaster in the nation behind Jim Cramer, Dave Ramsey and Suze Orman by Cision in 2012. “Having easy-to-understand tools and information is essential to helping individuals and  more...