For more than 60 years, Ohio National has been helping businesses develop, implement and maintain successful retirement plan programs at an affordable price to meet the retirement goals of employers and their employees.
We present a flexible approach to retirement plans, by offering companies:
- A full-service package of investment management and administration.
- Management services of the investment portion with administration handled by the employer or independent third-party administrator firms.
Explore how Ohio National can help you with your retirement plan. For assistance in designing a specific plan, please contact us.
Group variable annuities are issued by The Ohio National Life Insurance Company. Product availability varies by state. Issuer not licensed to conduct business and products not distributed in AK, HI or NY.
With respect to non-registered group variable annuities, your representative can provide you with a participant disclosure form for more complete information about the contract.
Group variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Premature distributions may be subject to withdrawal charges or a market value adjustment. Distributions may also be subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. Upon retirement, group variable annuities may pay out an income stream of a series of payments or a lump sum. If you die during the accumulation or payout phase, your beneficiary may be eligible to receive any remaining account value.
There is no additional tax-deferral benefit for annuities purchased in a tax-qualified plan, which is already afforded tax-deferred status. An annuity should only be purchased in a qualified plan if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity.
As with any investment, investing in variable portfolios involves risk, including possible loss of principal.
