AUL Retirement Services enjoys record-breaking success in 2010
Employer non-profit sales up more than 50 percent; 401(k) sales up 26 percent
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
For Immediate Release:
Indianapolis (April 18, 2011) – The retirement services division of American United Life Insurance Company® (AUL), a OneAmerica company, is coming off a record 2010, a year in which it set new high marks for 401(k) sales, employer-sponsored not-for-profit sales, total assets and plan participants. The company announced today its financial results from a year punctuated by key acquisitions in talent and assets.
AUL completed 2010 with a 50 percent increase in employer-sponsored non-profit sales, a 26 percent increase in 401(k) sales, and more assets under management and plan participants than ever before in the company’s 130-year-plus history.
“There is a growing recognition of the value that we deliver among plan sponsors and investment professionals,” said Bill Yoerger, senior vice president of AUL’s retirement services division. “But despite our expansive growth and unprecedented results, we see 2010 as only the beginning – an indicator that additional opportunities to serve more customers are on the way and will come quickly.”
In 2010, OneAmerica acquired Indianapolis-based actuarial and consulting firm McCready and Keene, which became a part of AUL’s retirement services division. Immediately, AUL began to market the capabilities of McCready and Keene across its nationwide distribution network, allowing the company to expand its reach into the mid-to-large plan market and offer enhanced consulting services and financial support tools. AUL also made several key hires to bolster its sales, product and marketing leadership teams and continued to find success with custom communications, an award-winning program that helps plan sponsors engage employees in retirement plans by incorporating the company’s branding and messaging.
“Customers, as well as our distribution network, are responding to the deep commitment we have made to them,” said Dayton H. Molendorp, chairman, president and CEO for OneAmerica. “2010 was an unprecedented year for our retirement services division. With the new people we have on board, combined with the exceptional representatives already in place, we will continue to drive new and larger activity in the markets and segments we serve.”
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 small businesses. AUL uses a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers prepare for tomorrow by helping to protect their financial futures.
About AUL Retirement Services
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and offers a wide range of products and services for retirement plans of individuals and employers. As a leader in the retirement services industry, AUL provides local service through a national network of experienced professionals focusing on the 401(k), 403(b) and 457 markets.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 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.
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