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).

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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.

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