OneAmerica company doubles up on 401(k) sales in the first half of 2011
Coming off record-shattering 2010, AUL’s retirement services division continues strong growth trend
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
For Immediate Release:
Indianapolis (July 26, 2011) – The retirement services division of American United Life Insurance Company® (AUL), a OneAmerica company, announced today that its 401(k) sales for the first half of 2011 are more than double what they were in the same period in 2010. AUL has spent the first half of 2011 continuing to add local sales and service leaders while also expanding key national account relationships and building on its model custom communications program. In that time, sales of all retirement plans, including non-profit, are up 75 percent over the first six months of 2010, the company’s best full year to date.
“We got off to a flying start in 2011 coming off our biggest year ever, but we haven’t even tapped the brakes,” said Bill Yoerger, senior vice president of AUL’s retirement services division. “We set aggressive growth goals and are beating them handily. What’s most gratifying is that we’re achieving success equally in each of our targeted customer segments from the micro to large business markets.”
In 2010, AUL set new company records for 401(k) sales, employer-sponsored not-for-profit sales, total assets and plan participants. The company projected even bigger growth for 2011, but is surpassing those expectations through both new sales and high customer retention. So far in 2011, AUL has added two new regional sales directors and a vice president of national accounts, made its Premier Trust open-architecture platform available for distribution via registered representatives and launched a multiple employer plan.
“We are about two things: partnership and accountability, and that’s what our customers and the professionals we bring on to distribute our products deserve,” said Mark Glavin, AUL's vice president of national sales and service distribution. “We’ve developed a culture of commitment and backed it up with added capabilities to allow our people to work locally with their business customers to strengthen their retirement plans.”
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, retirement, 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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