Products June 23, 2010

OneAmerica to Acquire Plan Actuary

OneAmerica Financial Partners has agreed to acquire Indianapolis-based McCready and Keene, Inc., an actuarial and consulting firm specializing in the design and administration of retirement plans.

Reported by

According to a news release, the transaction is scheduled to close on July 1, 2010. Terms of the transaction were not disclosed.

The announcement said McCready and Keene will work together with the retirement services division of OneAmerica company American United Life(AUL).

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters. 

Founded in 1933, McCready and Keene manages more than 800 retirement plans representing 500,000 participants and $19 billion of assets under administration.

AUL Retirement Services focuses on 401(K) and 403(b) plans with minimum assets of $500,000 and above. Its growth strategy, however, targets new opportunities in larger markets, the company said.

You Might Also Like:

Data & Research

October 26th, 2017

MassMutual Study Says African-Americans Want More Financial Education

Forty-five percent of African-Americans who bring home $75,000 or more say they feel less than financially secure compared with just 28% of other Americans in the same income...

Data & Research

October 18th, 2017

Plan Committees Consider Monitoring Investments the No. 1 Priority

Adhering to plan governance and minimizing plan risk are the next priorities.

In Practice

October 17th, 2017

PANC 2017: Benchmarking Your Advisory Services for Clients

With advisers’ focus moving from investments to retirement readiness outcomes, benchmarking services has become more difficult, industry insiders say.