Ameritas reaches retirement sales milestone; Kais named industry influencer

LINCOLN, Nebraska (Jan. 25, 2023) – Ameritas reached a key milestone in 2022, placing more than $1 billion in new asset sales and over 1,500 plans, a first in a single year for the retirement plans division. The division also saw Jim Kais, executive vice president, named 42^nd most influential on The 401(k) Wire’s “2022’s 100 Most Influential People” in the industry.

The one-billion-dollar new asset sales and plans mark mainly represents the 401(k), multiple employer plans (MEPs), 403(b) and governmental retirement programs for the year 2022.

“We believe this growth is a testament to our efforts to build trusting relationships and gain the confidence of the marketplace to deliver meaningful technology and strong service levels in our journey to be recognized as a ‘main street market leader’ in retirement plans,” said Kais.

The milestone also comes at the one-year mark of Ameritas’ acquisition of BlueStar Retirement Services, a former subsidiary of Ameritas Life Insurance Corp. that specializes in MEPs, open architecture retirement plans and in serving the RIAs (registered investment advisors) with a high-touch delivery model. BlueStar is now fully integrated into Ameritas’ retirement plans division.

“It’s no coincidence that we reached the $1 billion new asset sales milestone approximately a year after acquiring BlueStar. Their team brought a lot of experience that has fueled our growth in this market, plus we’re focused on opening access to the smaller market. We are providing large-market plan capabilities to previously known underserved markets,” said Kais.

Ameritas retirement plans serves a fast-growing national client base of 8,100 plans, 250,000 participants with a balance and $17.5 billion in assets under administration*.

*As of January 1, 2022.