AMERICAN BENEFIT PLAN ADMINISTRATORS

American Benefit Plan Administrators, Inc. (ABPA) specializes exclusively in providing administrative services for Employee Benefit Plans on a national basis. ABPA was founded in 1951 specifically to assist labor and management in the development and ongoing administration of benefit plans initiated as a result of the passage of the Taft-Hartley Act. ABPA has over 50 of years experience in administering benefits and offers the specialized skills, knowledge and computer systems expertise necessar... y to meet the expanding requirements of plan sponsors, participants and government regulators. PROFESSIONAL ADMINISTRATION and administrative flexibility to service their clients’ needs define ABPA. The Company continues to concentrate its efforts on ensuring the high quality administration in SERVICE to their clients, STABILITY of operations and SECURITY of plan assets and records. It is their belief that providing this high level of quality is an on-going task: a state of mind in which the fine-tuning of their operation is a continuous and dynamic process. ABPA currently provides administrative services to over 145 clients covering over 275,000 plan participants. They have more than 500 employees whose average tenure is over 10 years. ABPA has sustained its success and growth because their experienced staff professionals are proficient in applying the complex regulations that govern benefit plans and they are also highly competent in utilizing their specialized computer systems. Equally important to ABPA's success is their emphasis on maintaining a personal relationship while serving plan sponsors and participants. Their ability to provide personal attention to clients while operating in a complex environment is ABPA's key to delivering EXCELLENT SERVICE. At ABPA, providing clients with peace of mind is a major ingredient for continued long-term success. They have made the investments that are essential for establishing ADVANCED SECURITY in the administration of plan assets and the protection of plan records. Their computer operations are supported and protected by state-of-the-art security safeguards. These safeguards and the scrutiny of their Internal Audit Department and Government Compliance unit help provide clients with the peace of mind that is so important in their role as plan sponsors. ABPA is a highly stable and financially sound company and has grown consistently over its long history. Their parent company is HealthPlan Holdings, Inc. (HPHI). Today, ABPA has a network of twenty-three service centers nationwide to better serve their geographically dispersed clients. Their financial strength allows us to continue to make the investments necessary for new development, enhancement and support for their specialized staff resources and information technology systems. Their commitment to investing in CUTTING EDGE TECHNOLOGY is a hallmark of their organization. This commitment is demonstrated by investments in technology of over $12 million this year, an amount greater than the annual revenue of most Taft-Hartley TPAs.More