Index(k) was developed in response to an increased focus on management fees, total investment expenses and transparency. The solution will offer plan sponsors a menu comprised of 18 collective trust investment options offered through Wilmington Trust Retirement and Institutional Services Company and managed by BlackRock.
The investment options include nine of BlackRock’s LifePath target-date investment funds, as well as the stable-value investment option of the American United Life Insurance Company (AUL). Index(k) will be combined with AUL’s service model that supports advisers, plan sponsors and plan participants in all aspects of preparing for a secure retirement through customized communications, education and local personal service.
“Index(k) will appeal to the growing number of advisers and retirement plan sponsors who place a greater emphasis on plan health and participant education,” said Bill Yoerger, president of retirement business for the OneAmerica companies.
The companies of OneAmerica will work alongside Wilmington Trust and BlackRock to position Index(k) as an investment fund strategy option for small and midsized plans.