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OneAmerica to acquire McCready and Keene

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OneAmerica Financial Partners plans to acquire McCready and Keene Inc., the fifth-largest employee benefits firm in the Indianapolis area, the companies announced Wednesday.

Financial terms of the deal, scheduled to close on July 1, were not disclosed.

McCready and Keene provides actuarial and consulting work to help employers design their retirement plans. The company employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.

Retirement services accounts for about half of the $21.8 billion in assets held by OneAmerica. The company thinks McCready and Keene’s expertise in pensions can help it compete for larger accounts than it now does with its 403(b) and 401(k) plans.

“With the additional platforms and capabilities provided by McCready and Keene, we’ll be positioned to extend our reach further into the medium-to-large markets that often look for the combination of products we can now offer,” said Bill Yoerger, senior vice president of retirement services at American United Life Insurance Co., the OneAmerica unit that handles retirement services.

McCready and Keene manages more than 800 retirement plans that include 500,000 participants and $19 billion in assets under administration. Its executives hope OneAmerica’s national distribution network can help McCready and Keene reach new markets.

“The relationship between OneAmerica and McCready and Keene is an excellent fit for both companies,” said Dan Shelley, chairman of the board for McCready and Keene.

OneAmerica, which employs about 1,300 people in Indianapolis, has annual revenue of more than $1.2 billion.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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