OneAmerica Retirement Sales up 51 Percent in 2011

Posted: March 5, 2012 at 4:21 pm


without comments

INDIANAPOLIS--(BUSINESS WIRE)--

The retirement business of the OneAmerica companies enjoyed their most successful year in every major sales category once again smashing records set in 2010 for 401(k) sales, employer-sponsored not-for-profit sales, total assets and plan participants. OneAmerica also had its best year of retaining retirement business and renewal growth a measure of the growth of assets within retirement plans already with the companies.

2011 was a year of cementing our leadership position within the retirement plan marketplace, said Bill Yoerger, president of retirement business for the OneAmerica companies. While the growth of our retirement business has been substantial these past few years, we are also executing on the promises we are making to customers to provide exceptional local and customized service and support in meeting the needs of their plan participants.

The OneAmerica companies achieved 51 percent year-over-year growth in overall retirement sales including a 67 percent increase in 401(k) sales. They ended the year with a record 95 percent retention rate on existing business including 98.6 percent retention on their large block of tax-exempt health care business. OneAmerica also achieved 20 percent growth on existing plans and ended 2011 with more assets under management and plan participants than at any other time in the 130-year-plus history of the enterprise.

We continue to be excited not just that we are growing, but how we are growing, added Yoerger. We serve four markets from smaller to larger plans, as well as for-profit and not-for-profit businesses. Our growth is consistent and balanced across all these core markets.

OneAmerica added additional talent in sales, service and marketing in 2011, expanded the distribution of its open-architecture trust solution to registered reps, launched a multiple employer plan and continued winning national accolades for its custom plan participant communications program. American United Life Insurance Company (AUL), a OneAmerica company, was named the number one 401(k) provider in five key satisfaction categories according to the Boston Research Group's 2011 Defined Contribution Plan (DCP) Sponsor Satisfaction and Loyalty Study.

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.

OneAmericas 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.

See original here:
OneAmerica Retirement Sales up 51 Percent in 2011

Related Posts

Written by admin |

March 5th, 2012 at 4:21 pm

Posted in Retirement




matomo tracker