AUL Retirement Services reports increases in 401(k) sales, 403(b) contributions for 2009
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Indianapolis (April 15, 2010) – Job losses, a lingering recession and continued economic fear among consumers all factored into the 12 percent dip in national 401(k) sales in 2009. Conversely, however, renewed market faith resulted in a one percent increase in 403(b) contributions. But, independent from national 401(k) sales losses and a small gain in national nonprofit participant contributions, the Retirement Services division of American United Life Insurance Company® (AUL) experienced record-breaking sales with a four percent increase in 401(k) sales and a 30 percent gain in employer-sponsored not-for-profit sales.
“Last year’s market instability was defining for AUL Retirement Services, but our hard work and determination paid off,” said AUL Retirement Services Senior Vice President Bill Yoerger. “In 2009, plan sponsors and participants turned to a trusted name in an otherwise difficult time.”
In 2009, the Retirement Services division assisted a record number of nonprofit plan sponsors in becoming compliant with new IRS-mandated regulations pertaining to offering universal availability, making asset transfers and developing a written plan document. The division also launched an interactive strategic initiative aimed at Registered Investment Advisors (RIAs), Investment Advisor Representatives (IARs) and other fee-based advisors to better serve their participants through Web-based investment modeling tools. In addition to significant achievements in strategy, the Retirement Services division experienced notable gains in Third Party Administrator (TPA), nonprofit and voluntary sales.
“Despite turbulent market activity, AUL Retirement Services employees exemplified grace under fire and prevailed by demonstrating an outstanding commitment to excellence,” said Dayton H. Molendorp, chairman, president and CEO for OneAmerica. “By resolving to be present when customers needed them, AUL Retirement Services further established their position as a recognized industry leader.”
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 AUL
American United Life Insurance Company® (AUL), a OneAmerica® company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes 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 plan for tomorrow by helping to protect their financial futures.
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 benefits. 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 plan to meet their financial goals.
Registered group variable annuity contracts issued by AUL are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, IN 46204, (877) 285-3863, which is a wholly owned subsidiary of AUL.
Past performance is not a guarantee of future results.
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