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Feldman Benefit Services Inc.

966 S. Springfield Ave., Springfield, N.J. 07081; 201-376-6777;

fax: 201-376-6761

Staff

Total11

Involved in 401(k) plan services6

Clients

Total150

Receiving unbundled services125

Average participants/plan65

Minimum participants/plan8

Maximum participants/plan2,000

1996 revenues

Total$810,000

401(k) plan administration$300,000

Services began: 1985.

Software: Purchased from outside vendor, accommodates 20 investment funds and eight 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. Consults on legal issues, plan design issues, compliance issues, employee communications. Other services include benefit determination packages for terminated employees, including applicable tax information.

Service area: East coast (Connecticut to Florida).

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

Officers: Elise Feldman, president.

Fringe Benefits

Management Co.

P.O. Box 1828, Tallahassee,

Fla. 32302; 800-872-0345;

fax: 904-425-6220

Staff

Total156

Involved in 401(k) plan services3

Clients

Total6

Receiving bundled services6

Average participants/plan1,000

Minimum participants/plan50

Maximum participants/planUnlimited

1996 revenues

Total$12,748,855

401(k) plan administration$235,000

Services began: 1985.

Software: Record keeping provided by third party.

Administration: 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. Manages investment of 401(k) plan funds. Other services include counseling (non-investment) and quarterly newsletter.

Service area: Nationwide.

Charges: Determined by number of participants, complexity of plan, assets under management.

Officers: Michael Sheridan, CEO; Lorraine Ritch, president; Agnes McMurry, senior vp-administration; Bill Bishoff, senior vp-legal; Debra Tougas, senior vp-comptroller.

Contact: Lew Leopard, vp-marketing.