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Press release:

OneAmerica, Russell Investments Launch Personalized Retirement Accounts

Issued by: OneAmerica

Date: Apr. 8, 2019

Customized managed accounts roll out to Defined Contribution plan sponsors

Indianapolis and Seattle, April 8, 2019 --  OneAmericaŽ and global asset manager Russell Investments' next-generation managed Personalized Retirement Accounts (PRA) solution today has been officially launched in support of defined contribution plan clients.

"We are excited to introduce a new default investment solution with a modern touch that provides simplicity for the retirement plan participant and, for the retirement plan advisor, offers a desirable alternative," said Terry Burns, assistant vice president of Products and Investments for OneAmerica Retirement Services division. "Our goal is to improve participants' retirement outcomes by helping them invest and provide them a clearer picture of how they are tracking to meet their retirement income goals."

Through the targeted/personal online portal, PRA can holistically take into consideration retirement accounts and assets that are outside of the employer's retirement plan. PRA also features an adaptive and personalized investing approach, a 3(38) fiduciary component over the participant's asset allocation and a completely outsourced investment solution that can create better outcomes for participants.

PRA advantages also include embedded financial planning tools with advice to participants available on-demand.

"This is a great way for financial advisors to change the conversation from funds, fees and fiduciary to retirement readiness," said Jay Breitenkamp, business development director, defined contribution, advisor and intermediary solutions, with Russell Investments. "We believe the Personalized Retirement Accounts solution is an upgrade to the retirement savings experience for the plan sponsor because we view it as a big 'easy button' for participants in that PRA does it for them when they may not have the time, interest or inclination to do it themselves."

Managed accounts are personalized investment portfolios tailored to the specific needs of the account holder and are increasingly desired by retirement plan advisors and sponsors who are looking to provide an added layer of guidance for participants. Unlike target date funds, a managed account looks at factors beyond a participant's age and target retirement date, such as gender, salary, current account holdings, contribution rate, market experience and additional retirement assets held outside of the managed account.

From a recent survey by OneAmerica /1/ of more than 12,000 OneAmerica-serviced retirement plan participants, respondents indicated their top financial concern is not having enough for retirement. PRA can provide a roadmap for them to understand how much they will need based on their personal situation and provide an opportunity for them to take action toward reaching their retirement income goals.

Each participant's customized asset allocation is assessed quarterly and adjusted as needed based on progress toward his or her targeted retirement income goal.

OneAmericaŽ is the marketing name for the companies of OneAmerica. Products issued and underwritten by American United Life Insurance CompanyŽ (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.

Russell Investments is not an affiliate of any OneAmerica company.

About OneAmerica
A national leader in the insurance and financial services marketplace 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/companies.

About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment solutions provider, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries, manages US$261 billion in assets (as of December 31, 2018) and provides consulting services on $2.4 trillion in assets (as of June 30, 2018). Russell Investments specializes in multi-asset solutions and investment and implementation services with a goal of delivering the best investment strategies, managers and asset classes to its clients around the world.

Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world's major financial centers such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com.

Russell Investments Personalized Retirement Accounts are a product of Russell Investments Capital LLC ("RICap"). The implementation of Personalized Retirement Accounts in investors' portfolios and related investment advice are provided through investment advisers and other financial intermediaries that are independent of RICap and its affiliates. The advice provided by RICap in Personalized Retirement Planner is based on asset-class level assumptions only.

Personalized Retirement Accounts are based on a quantitative model (the "model"). There can be no assurance that the model will enable the Personalized Retirement Planner to achieve its objective. Models may be flawed or not work as anticipated.

Investing in an Personalized Retirement Account involves risk; principal loss is possible. The principal value of the account is not guaranteed at any time.

Russell Investments is an independent organization and is not affiliated with OneAmerica.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments' management.

Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand.

Russell Investments Financial Services, LLC, member FINRA, part of Russell Investments.

/1/ https://www.oneamerica.com/retirement-readiness/research/oneamerica-plan-participant-survey

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