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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.