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

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Tanker & Associates

1528 Walnut St., Suite 1610, Philadelphia, Pa. 19102; 215-546-9546; fax: 215-546-9630

Staff

Total10

Involved in 401(k) plan services8

Clients

Total160

Receiving unbundled services140

Receiving bundled services20

Average participants/plan50

Minimum participants/plan1

Maximum participants/planUnlimited

1996 revenues

Total$740,000

401(k) plan administration$450,000

Services began: 1993.

Software: Purchased from outside vendor, accommodates eight investment funds and six 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, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications.

Service area: Nationwide.

Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.

Officers: Scott A. Tanker, president; Joan B. Segal, vp.

Towers Perrin

1500 Market St., Philadelphia,

Pa. 19102; 215-246-6000;

fax: 215-246-4189

Staff

Total8,000

Clients

Total73

Receiving unbundled services73

Average participants/plan8,400

Minimum participants/plan2,000

Maximum participants/planUnlimited

1996 revenues

Total$1,000,000,000

Services began: 1981.

Software: Written and maintained in-house, accommodates 15 investment funds and 15 types of contributions; software may be used by clients in-house.

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.

Service area: Nationwide.

Locations: Administrative offices in Los Angeles; Vorhees, N.J.; Philadelphia. Consulting offices in 40 locations nationwide.

Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.

Officers: John Lynch, CEO; Alan Dugan, Robert Hogan, John Kneen, Marvin Greene, managing directors.

Trust Consultants Inc.

155 Bovet Road, Suite 200,

San Mateo, Calif. 94402; 415-378-8700; fax: 415-341-7382

Staff

Total200

Involved in 401(k) plan services160

Clients

Total2,900

Receiving unbundled services150

Average participants/plan2,750

Minimum participants/plan5

Maximum participants/planUnlimited

Services began: 1983.

Parent: Marsh & McClennan Cos. Inc.

Software: Leased from outside vendor, accommodates unlimited investment funds and 15 types of contributions.

Administration: Cash 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.

Service area: Nationwide.

Locations: Administrative/consulting offices in Los Angeles; Chicago; Boston.

Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.

Officers: Mark Weimer, president; Derek Winegard, Chris Guarino, senior vps; Jack Ringlein, CFO; Chris Woo, compliance.

Contact: Derek Winegard, 617-927-8520.