NU Online News Service, Jan. 12, 2005, 4:20 p.m. EST

An Indianapolis insurer is going after small business owners with a new retirement plan product.[@@]

The company, American United Life Insurance Company, says its One401k plan is suitable for small corporations as well as partnerships and sole proprietorships.

American United is funding the plans with its StarPoint individual variable annuity and hiring an outside firm to handle plan administration.

The plan can allow individual contributions as well as employer contribution, American United says.