American United Life Insurance Co. has launched a new asset allocation program called OnePath Portfolios.
OnePath Portfolios offers plan sponsors three glide path choices in target-date portfolios managed by Mesirow Financial Investment Management Inc. and which are designed to match participants' level of risk tolerance.
All three glide paths follow a "through retirement" methodology where the investment mix continues to adjust during retirement until the participant reaches age 75.
The portfolios provide varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed-income exposure based on participants' target retirement dates in five-year increments.
Mesirow Financial will act as the 3(38) ERISA investment manager for the portfolios.
American United Life is a OneAmerica company and provides a portfolio of products for individuals, families and businesses.
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