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DIRECTORY OF 401(K) PLAN ADMINISTRATORS (PART EIGHT OF SIXTEEN)

Posted On: May. 4, 1997 12:00 AM CST

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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.