DIRECTORY OF 401(K) PLAN ADMINISTRATORS (PART EIGHT OF SIXTEEN)
Posted On: May. 4, 1997 12:00 AM CSTH
HPL&S Inc.
125 S. Wilke Road, Suite 300, Arlington Heights, Ill. 60005; 847-392-2999; fax: 847-392-1053
Staff
Total35
Involved in 401(k) plan services22
Clients
Total260
Receiving unbundled services200
Receiving bundled services60
Average participants/plan50
Minimum participants/plan1
Maximum participants/plan5,000
1996 revenues
Total$3,030,000
401(k) plan administration$1,100,000
Services began: 1983.
Software: Purchased from outside vendor, accommodates 10 investment funds and 10 types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Other services include assistance in selection of investment vehicles and 415 coordination with other plans maintained by sponsor.
Service area: Nationwide, primarily Chicago metropolitan area.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: Ira A. Post, president; George F. Castillo, Thomas J. Doherty, vps; William C. Ludwig, treasurer.
Contact: Thomas J. Doherty.
Hewitt Associates L.L.C.
100 Half Day Road, Lincolnshire,
Ill. 60069; 847-295-5000;
fax: 847-883-9019
Staff
Total5,350
Involved in 401(k) plan services2,000
Clients
Total200
Receiving unbundled services110
Receiving unbundled services90
Average participants/plan11,600
Minimum participants/plan3,000
Maximum participants/planUnlimited
1996 revenues
Total$568,000,000
Services began: 1981.
Software: Written and maintained in-house, accommodates unlimited investment funds and unlimited types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, online access, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds. Other services include benefits center, interactive communications, check writing, administrative documentation, form design, administrative audits, discrimination testing.
Service area: Nationwide.
Locations: Administrative/consulting offices in 29 locations nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management (through defined contribution alliance), time and expense (if ad hoc), frequency valuations.
Officers: Dale Gifford, CEO.
Contact: Debbie Hazelrigg, marketing assistant.
A. Foster Higgins & Co. Inc.
125 Broad St., New York, N.Y. 10004; 212-574-9000;
fax: 212-574-9100
1996 revenues
Total$251,000,000
401(k) plan administration$3,700,000
Services began: 1981.
Parent: Johnson & Higgins*.
Service area: Nationwide.
Officers: Tim Lynch, chairman-William M. Mercer Inc.; Vikesh Mahendroo, president-William M. Mercer Inc.
Contact: Stephanie Poe, 202-785-9080.
**Johnson & Higgins has been acquired by Marsh & McLennan.