More retirement plans and participants opting for managed account service
Total participation in Artesys® program nearly quadruples in 2nd year of service being offered nationally
Contact:
Jim Gavin, Media Relations Manager
317-285-4168 or jim.gavin@oneamerica.com
Indianapolis (June 5, 2012) – Results released today by the retirement services division of American United Life Insurance Company® (AUL), a OneAmerica company, along with R.T. Jones Capital Equities Management Inc. indicate that retirement plan sponsors and participants are being increasingly attracted to managed account services. For the recently concluded R.T. Jones fiscal year (ending March 31, 2012), AUL plans electing to offer Artesys increased 174 percent, assets under management within those plans increased 238 percent and the number of individual participants in those plans opting to use the Artesys service increased 357 percent.
“These results illustrate the growing desire among retirement plan participants to receive guidance in preparing for retirement,” said Bill Yoerger, president of retirement business for the OneAmerica companies. “Not only are more plans offering the Artesys managed account option, but more participants are actively using it, and the percentages are growing rapidly.”
Artesys is a managed account service that is offered as an option for AUL plan sponsors and is then optional for their employee/participants as well. A participant who opts to use Artesys pays a small percentage of his or her account value for the service. After completing a questionnaire about their age, retirement goals and tolerance for risk, plan participants receive a suggested offensive or defensive portfolio strategy. R.T. Jones will actively manage each retirement account within the strategy chosen.
“Employers are recognizing the importance of offering their employees additional options to help them succeed in their financial preparations,” said Yoerger. “Artesys is helping to attract new accounts to OneAmerica and is helping accelerate our growth.”
OneAmerica first began offering Artesys to its retirement plans in 2010. In calendar year 2011, OneAmerica’s new retirement plan sales increased 51 percent. Artesys is a unique service to AUL retirement plans and participants.
About Artesys®
Beginning in 1989, R.T. Jones Capital Equities Management Inc. began offering a managed account option on qualified plans, which is now known as Artesys®. Through Artesys, qualified plan participants are given access to a money management approach based upon two Nobel-prize winning theories and backed by a performance track record of 10 years of returns. R.T. Jones provides a complete investing system with expert investment insight, and strategic and tactical based account management. Artesys offers five offensive portfolios and three defensive portfolios to meet the needs of plan participants with varying tolerances for risk.
Artesys, a product of R. T. Jones Capital Equities Management, Inc., a registered investment advisor with the SEC under Investment Advisers Act of 1940. Past performance is no guarantee of future results.
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, Ind. 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.
Registered group variable annuities issued by AUL are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, Ind. 46204, 1-877-285-3863, which is a wholly owned subsidiary of AUL.
R.T. Jones Capital Equities Management is not an affiliate of AUL or OneAmerica Securities and is not a OneAmerica company.
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