making it personal Resources for Third Party Administrators every step of the way

Transcription

1 making it personal Resources for Third Party Administrators every step of the way For use with financial professionals only. Not for public distribution. get to know our Capabilities Products and financial services provided by the companies of American United Life Insurance Company, a OneAmerica company

2 For more than 135 years, the companies of OneAmerica have been providing products and services in the financial services marketplace. What makes us different is our commitment to our stakeholders. As a member of a mutual organization, we are accountable to those we serve. We listen to our clients and strive to find individualized strategies to their needs. Products and financial services provided by American United Life Insurance Company, a OneAmerica company

3 Within this brochure, you will learn more information about our offerings, including: Building stronger client relationships Our services and support Dedicated TPA website Investment flexibility Fiduciary support For more information, please call our National Retirement Product Desk at or visit us at 3

4 Reasons to select AUL and the companies of OneAmerica

5 Build stronger client relationships Your business depends on providing quality support for your plan sponsor clients and their participants. When you work with us, our relationship is set against a backdrop of strength, heritage, credibility and financial security. It means you can have confidence that our program is a suitable option for your clients and their participants. Our history 32 Groups (7%) Based in Indianapolis, Indiana, American United Life Insurance Company (AUL), a OneAmerica company, is focused on providing a strong portfolio of products for individuals, families and small businesses; specializing in designing, installing and providing administrative services through our quality service and experienced staff. Financial strength 397 Groups (93%) OneAmerica has a strong financial position in the industry and rating agencies agree. The financial strength of the OneAmerica companies is evident by the favorable ratings assigned by independent industry ratings organizations. A.M. Best S&P A+ (Superior) The second highest of 16 possible ratings as of 5/09/2013 AA- (Very Strong) The fourth highest of 21 possible ratings as of 8/15/2012 A+ (Superior) for AUL, The State Life Insurance Company (State Life) and Pioneer Mutual Life Insurance Company. AA- (Very Strong) for AUL and State Life. These ratings reflect rating agency assessment of the financial strength and claims paying ability of these companies. They are not intended to reflect the investment experience or financial strength of any variable account, which is subject to market risk. Because the dates are only updated when there s a change in the rating, the dates above reflect the most recent ratings we have received. Please know that these ratings can change at any time. n Life groups/unaffiliated companies rated A+ (AMB) and AA- (S&P) or higher* n Total life groups/unaffiliated companies(excluding those rated A+ (AMB) and AA- (S&P) or higher) * Calculated by OneAmerica based on data provided by SNL Financial as of 03/04/2013. The OneAmerica companies are among only 7% of U.S. life insurers with an A.M. Best rating of A+ (Superior) or higher and a Standard & Poor s rating of AA- (Very Strong) or higher.* 5

6 Service and support As a leader in the retirement plan industry for more than 50 years, we are committed to understanding your needs and providing the level of service you expect and deserve. Local service model With 28 regional offices across the nation, all of our associates are trained to high service standards to provide efficient and expedient turnaround for your needs. We offer additional support to help you grow your business and learn more about your plan sponsors, including proposals, pricing, on-site sales support, competitive information, presentations and other tools that provide insight and actionable ideas. Plan set-up support Once you ve earned a new plan, you can count on our transition and plan set-up professionals to guide you through a seamless process. For conversion plans, you will work with one of our experienced, dedicated transition managers who can facilitate a smooth transfer of information with minimal disruption to plan operations. Our commitment We measure our commitment to be there when our customers need us most by the tenure of our clients. The average tenure of our clients as of December 31, 2012 was: years 12.2 years 11.5 years 18.0 years Optional post-sales support 4 If you seek additional support with tasks involved in initiating a new plan, we have professionals available to help with investment option selection, account opening and other responsibilities. We also offer assistance with on-site enrollment and ongoing educational support, as your needs dictate. Over $10M $5 10M $1 5M Under $1M 6

7 Dedicated TPA website Our eaccess website gives you real-time access to plan and participant account activity, reports, plan-level investment performance, and much more. You may also elect to set up alerts through our TPA website. Features and functions eaccess offers features and functions to speed processing and administration. Downloading routine reports is convenient to support TPA recordkeeping and reporting. If you would like your fee to be deducted from plan accounts, our online fee deduction form allows you to indicate the frequency and amount and we take care of the rest. Additional reporting and features include: Auto generated reports to speed quarterly statement processing Upload participant vesting percentages Vesting data is reported by participant and source Loan initiation (by you or the plan sponsor) Loan Summary function allows you to view loan documents and repayment information Online participant loan schedules ed promissory notes documents Set up loan repayment for automatic deduction from paycheck Account activity can be viewed by plan or participant, with both overview and individual level data Account pages offer plan and participant data by plan as well as plan assets by investment and asset allocation Plan asset allocations by investment and source Contribution detail by participant or investment class Our value We offer numerous value-added services for TPAs at no added cost to the plan sponsor including: Optional TPA billing Customized loan fees Electronic loan tracking Optional vesting uploads Optional vesting calculations Optional eligibility tracking Optional 1099 reporting and Form 945 Filing 5500 assistance Electronic annual reports 7

8 Investment flexibility We understand the importance of selecting investments that are appropriate for each retirement plan. We offer access to a robust selection of investment options that allow you to customize your retirement plan. No proprietary variable investment requirements Our Fixed Interest and Stable Value Accounts You have the option to select either the AUL Fixed Interest Account or AUL Stable Value Account. Both are backed by the AUL general account and provide a specific rate of return to promote capital preservation. AUL offers access to more than 300 prescreened investment options with no sub-advised or proprietary variable investment requirements. You may select from well-known investment managers across major asset classes and investment types. Our guarantee AUL Fixed Interest Account New crediting rates set quarterly Monies contributed during the quarter are guaranteed the assigned rate for the remainder of the current year and all of the following year We will guarantee that the prescreened investment options made available are appropriate and prudent to consider in constructing a suitable portfolio of investment options for a qualified retirement plan. We will back this guarantee by agreeing to indemnify your plan and its fiduciaries from claims made by a plan participant that the investment options selected and offered in the plan are inappropriate or imprudent. AUL Stable Value Account No transfer restrictions New rate is set at the beginning of each year and is guaranteed for that year 8

9 Fiduciary support options We know the selection of appropriate investments is a critical decision for you, as well as the participants in your plan. In an effort to help you make these important decisions with greater confidence and clarity, we offer services to assist you every step of the way. Support for plan fiduciaries 3(21) Plan Sponsor Advice Plan Sponsor Advice, through Mesirow Financial Investment Management, Inc. (Mesirow Financial), provides personalized, specific assistance in selecting a lineup of investment options, as well as ongoing monitoring and evaluation of the investment options in the lineup, and recommended changes when necessary. In addition, if a plan follows the specific recommendations made for the plan by Plan Sponsor Advice, Mesirow Financial will act as a co-fiduciary as defined in Section 3(21) of ERISA, with respect to the selection and ongoing monitoring of the plan s investment options. 3(38) Investment Management In addition, we offer access to 3(38) support for plan fiduciaries from Mesirow Financial and Wilmington Trust. Features available include portfolio advisor selection including a rigorous screening process, ongoing monitoring of portfolios and advisors, due diligence and quarterly portfolio performance review. Mesirow Financial Mesirow Financial will serve as the 3(38) Investment Manager for a prescreened list of investment options. Their services include creating, documenting and maintaining retirement plan portfolios for these investment options. Wilmington Trust Wilmington Trust will create, document and maintain the retirement plan investment line up of Collective Investment Trust (CITs), and serve as the Investment Manager as defined in Section 3(38)(a)(ii) of ERISA for the CITs. Support for plan participants MasteryPOINT s AdvicePlus is an optional service that provides participants with investment and retirement preparation education and support, such as retirement calculators and interactive education modules. AdvicePlus will serve as an ERISA section 3(21) fiduciary on the advice it gives while giving participants information to make informed choices. In addition, we offer access to Artesys, an independent managed account provider, who actively manages participants accounts, seeks to maximize participants expected returns and helps eliminate short-term participant mistakes through the use of up-front and ongoing education. Additional services available: Auto enrollment features Choice of Qualified Default Investment Alternatives (QDIA) Automatic rebalancing Dollar cost averaging Automatic transfers from fixed income to other asset categories 9

10 TPA commitment We offer benefits for TPAs looking for a relationship with a plan provider who is committed to supporting their business. Our strength, flexibility and retirement experience underscore your own commitment to your plan sponsor clients and their needs for an easy-to-manage plan that can attract and serve their participants needs. Non-solicitation agreement for your clients Our OneAlliance program offers you quality features, high-level service and competitive reimbursement, while respecting your client relationships. Unlike some providers who compete with TPAs for their own clients, we respect your relationships with your plan sponsors enough to put it into writing. TPA service reimbursement Year 1 Year 2 15 basis points trail from the first dollar 5 basis points trail No minimums or annual quotas TPA service reimbursements are not deducted from financial services professionals compensation Our signed contract with you states that we will not directly or indirectly contact, solicit, or attempt to contact or solicit... any plan sponsor of a client plan for which AUL serves as the recordkeeper and for which TPA performs TPA services. For additional information, please contact our National Retirement Product Desk at

11 Our financial strength and demonstrated leadership offers the confidence needed when selecting a plan provider. We offer support every step of the way through our personalized service and focus on client value.

12 Note Mesirow Financial, Wilmington Trust, MasteryPOINT and Artesys are not affiliates of the companies of OneAmerica and are not OneAmerica companies. Mesirow Financial acts as co-fiduciary for the plan sponsor. Mesirow Financial shares fiduciary responsibility under ERISA 3(21) with you if you sign up and use the specific recommendations made by Plan Sponsor Advice. Mesirow will share the plan sponsor s fiduciary risk related to the selection, monitoring and evaluation of the plan s investment options, if the sponsor follows Plan Sponsor Advice s recommendations. Any actions taken by the plan sponsor outside the specific recommendations made by Plan Sponsor Advice shall be considered outside the scope of Mesirow s fiduciary role. Investment advisory services provided through Mesirow Financial Investment Management, Inc., a SEC-registered investment advisor. Mesirow Financial does not provide legal or tax advice. Advisory Fees are described in Mesirow Financial Investment Management Inc. s Part II of the Form ADV. Mesirow Financial refers to Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. 2013, Mesirow Financial Holdings, Inc. Wilmington Trust refers to Wilmington Trust Retirement and Institutional Services Company, a Delaware-chartered trust company. Fiduciary responsibility for the recommendations given to participants through MasteryPOINT s AdvicePlus is assumed by Schlindwein Associates, LLC. All group variable annuity contracts are issued by American United Life Insurance Company (AUL), One American Square, Indianapolis, IN , Registered group variable annuity contracts are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, IN 46204, 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., headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 years in the financial services marketplace. OneAmerica s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other customers. 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 nationwide network of employees, agents, brokers and other distribution sources that are committed to increasing value to policyholders by helping them prepare to meet their financial goals. American United Life Insurance Company a OneAmerica company One American Square, P.O. Box 368 Indianapolis, IN (317) OneAmerica Financial Partners, Inc. All rights reserved. OneAmerica and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc. R /01/13