RetirementTrack offers a customized approach to target date funds
INDIANAPOLIS (July 13, 2020) — As part of the company’s commitment to product innovation and customization, OneAmerica® today announced a user-friendly solution to retirement investing with the new RetirementTrack target date series, the company’s first foray into multi-glidepath funds.
RetirementTrack, which launched June 1, goes beyond traditional target date funds (TDFs), which tie asset allocation to age and retirement date. The new product takes TDFs a step further, allowing participants to further customize by risk tolerance. Three glidepath options ─ conservative, moderate or aggressive ─ are available within each TDF. The inclusion of a stable value asset class in the investment lineup helps manage market volatility.
“The industry has seen such a rise in traditional target date funds because they can be a great option for many people,” said Sandy McCarthy, president of Retirement Services at OneAmerica. “RetirementTrack is really the next chapter in target date funds. Where traditional target date funds have ‘one-size-fits-all’ limitations, RetirementTrack allows participants to customize investments in a way that meets their individual needs and objectives.”
The Importance of Customization
“RetirementTrack really speaks to our foundational belief in the importance of customization,” McCarthy added. “No two participants are alike, and the solutions we offer need to reflect that.”
Created and managed through a collaboration of industry leaders – BlackRock, flexPATH Strategies, LLC, and Wilmington Trust – RetirementTrack is available exclusively to OneAmerica customers through a collective investment trust (CIT), with additional highlights of 3(38) investment management. RetirementTrack also adheres to U.S. Department of Labor fiduciary guidelines, released to help protect fiduciaries and guide them in making prudent decisions.
“Now more than ever, fiduciaries need a tool to help protect them when it comes to their TDFs,” said Terry Burns, managing director for products and investments, Retirement Services, OneAmerica. “RetirementTrack can be that tool. Not only does it offer best-practice options with cost efficiencies built in, it also provides various levels of 3(38) fiduciary protection.”
Learn more about how we can help your clients plan for the future by speaking with a sales representative at 877-313-7355.
A national provider of insurance and financial services for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit oneamerica.com/about-us/companies-of-oneamerica.
Group annuity contracts are issued by American United Life Insurance Company® (AUL), a OneAmerica company, and registered variable annuity products are distributed by OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA, SIPC, One American Square, Indianapolis, IN 46282, 1-877-285-3863.
OneAmerica® is the marketing name for the companies of OneAmerica. Products issued and underwritten by American United Life Insurance Company® (AUL), a OneAmerica company. Administrative and recordkeeping services provided by McCready and Keene, Inc. or OneAmerica Retirement Services LLC, companies of OneAmerica which are not broker/dealers or investment advisors.
BlackRock, flexPATH Strategies, LLC, and Wilmington Trust are not affiliates of any OneAmerica company and are not OneAmerica companies.
Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice.
Custom target date solution funds are Collective Investment Trusts available only to qualified plans and governmental 457(b) plans. They are not mutual funds and are not registered with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Investment Company Act of 1940.