According to a news release, the transaction is scheduled to close on July 1, 2010. Terms of the transaction were not disclosed.
The announcement said McCready and Keene will work together with the retirement services division of OneAmerica company American United Life(AUL).
Founded in 1933, McCready and Keene manages more than 800 retirement plans representing 500,000 participants and $19 billion of assets under administration.
AUL Retirement Services focuses on 401(K) and 403(b) plans with minimum assets of $500,000 and above. Its growth strategy, however, targets new opportunities in larger markets, the company said.
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