OneAmerica® annual retirement plan sales have surpassed the $2 billion mark for the first time in its history as the mid-size carrier continues to deliver relevant and impactful retirement plan solutions through the support of a strong relationship-oriented team.
The milestone was reached as sales of workplace-provided plans increased 37 percent year-over-year, with $2.34 billion in sales expected by year’s end, a nearly 20 percent increase from $1.93 billion at the end of 2017.
Specifically, OneAmerica continued to see success in its core focus of tax-exempt, professional services and manufacturing. Tax-exempt, in particular, has seen long-standing growth for the last several years, with this year being particularly strong as it comprises over 50 percent of new business. OneAmerica continues to be a leader in the tax-exempt market and serve as a knowledge resource for advisors who want to learn more about the opportunities in this space.
“Achieving the $2 billion milestone is beyond symbolic – it is a recognition that retirement plan advisors and plan sponsors are eager to do business with a company that has a strong footprint in the retirement services market and one that is a good cultural fit with what’s important to them,” said Sandra McCarthy, president of OneAmerica Retirement Services division.
OneAmerica provides award-winning administrative and participant services in support of nearly 12,000 plans with over $63 billion in assets under administration. A nationwide network of regional sales directors work with a diverse mix of advisors and advisor firms covering a range of organizations with plan-participant assets between $3 million to $250 million.
“We continue to be at the table because we are a company that is growing and evolving to meet the ever-changing needs of our clients,” said Pete Welsh, vice president of distribution. “Our recent announcements of OnePension and Personal Retirement Accounts, through Russell Investments, are just two examples of how we are helping participants prepare for retirement through a next-gen default investment solution and guaranteed lifetime income option.”
For financial professionals specializing in retirement services and looking to work with the companies of OneAmerica or to learn more about its retirement services offerings, contact OneAmerica at (866) 313-7355.
OneAmerica is the marketing name for the companies of OneAmerica.
Products issued and underwritten by American United Life Insurance Company® (AUL), a OneAmerica company. Administrative and recordkeeping services provided by McCready and Keene, Inc. or OneAmerica Retirement Services LLC, companies of OneAmerica which are not broker/dealers or investment advisors. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice.
Lifetime income is not the only annuity payout option and the individual should consider with care their specific needs and financial situation prior to annuitizing.
Russell Investments is not a OneAmerica company or an affiliate of any OneAmerica company.
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A national leader in the insurance and financial services marketplace for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit OneAmerica.com/companies.
 As of 9/30/2018
 As of 6/30/2018