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April 01, 1996 12:00 AM

SPECIAL REPORT: DEFINED CONTRIBUTION

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    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $8 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed separate accounts

    *GICs

    External investment management services are provided through:

    Private label mutual funds

    Commingled funds

    MassMutual provides services to 2,550 sponsors: 2,050 for bundled services (including in-house investment management) and 500 for investment management only.

    It has investment management partnerships with Oppenheimer; Fidelity; T. Rowe Price; and Twentieth Century.

    It offers employee education interactive software through public online systems, and plan-level data via a secure private network.

    William L. Tindall is client contact.

    William M. Mercer Inc.

    1166 Ave. of the Americas, New York, N.Y. 10036; phone: (212) 345-7000; fax: (212) 345-7423

    No. of participants

    Total1,000,000

    Participants served exclusively1,000,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    External investment management services are provided through:

    Private label mutual funds

    Commingled funds

    Separate accounts

    GICs

    William M. Mercer Inc. provides services to 600 sponsors.

    It has investment management partnerships with AIM; Acorn Funds; American Express; American Funds; AMR; Ariel; Berger; Brinson; Calvert; CAMCO; Chase (Vista); Chicago Title & Trust; Clipper Funds; Columbia Funds; Crabbe Huson; Delaware Funds; Dodge & Cox; Dreyfus; Federated; Fidelity; Flippin Bruce & Porter; Founders; Franklin Templeton; Fred Alger; Fremont Group; G.T. Global; GMO International; Goldman Sachs; IAI; IDEX; IDS; INVESCO; Ivy Funds; J.P. Morgan; Janus; Lazard; Lexington; Lindner; Lord Abbett; Managers Fund; Merrill Lynch; MFS; MAS; Montgomery; Morgan Grenfell; Neuberger & Berman; New England; New USA; New York Life; Nicholas Applegate; Olympic Funds; Oppenheimer; PanAgora; Paxworld; Payden & Rygel; Phoenix; Pilgrim Baxter; PIMCO; Putnam; Regis; Sanford Bernstein; Scudder; SEI; Selected/Venture Advisers; Sequoia; Seven Seas; Standish Ayer; Strong; T. Rowe Price; Twentieth Century; Vanguard; Waddell & Reed; Warburg Pincus; Weiss Peck; Wells Fargo and Westwood.

    It offers online access for clients and triple-security voice-response systems through a secure private network.

    Jacqueline D. Dienstag is client contact.

    Merrill Lynch, Pierce, Fenner

    & Smith Inc.

    800 Scudders Mill Road, Plainsboro, N.J. 08536; phone: (609) 282-3010; fax: (609) 282-3014

    No. of participants

    Total1,400,000

    Bundled (inc. in-house asset mgmt.)1,400,000

    Participants served exclusively1,400,000

    Bundled services1,400,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    Modeling

    Enrollment/eligibility

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $39.3 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *Stable value fund

    External investment management services are provided through:

    Various third party funds

    Merrill Lynch, Pierce, Fenner & Smith Inc. provides services to 6,545 sponsors: 6,500 for bundled services (including in-house investment management); and 45 for investment management only.

    Kim Evans is client contact.

    MetLife Defined Contribution

    Group

    1 Madison Ave., Area 2-E, New York, N.Y. 10010; phone: (212) 578-7775; fax: (212) 578-6765

    No. of participants

    Total290,000

    Bundled (inc. in-house asset mgmt.)280,000

    Record keeping/administration only10,000

    Participants served exclusively290,000

    Bundled services280,000

    Record-keeping/administration only10,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    Enrollments

    Educational features

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $35 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    External investment management services are provided through:

    Institutional class mutual funds

    *MetSelect Alliance

    MetLife Defined Contribution Group provides services to 1,538 sponsors: 226 for bundled services (including in-house investment management); 12 for record-keeping and administration only; and 1,300 for investment management only.

    It has investment management partnerships with State Street Research; GFM International; Loomis, Sayles; Harris Associates; Reich & Tang; Warburg Pincus; Neuberger & Berman; Founders Funds; Twentieth Century; Janus; and Scudder.

    It offers retirement planning education and e-mail service through public online systems; and flexible sponsor reporting and customized information services through a secure private network.

    Gary E. Lineberry is client contact.

    MFS

    500 Boylston St., Boston, Mass. 02116; phone: (800) 343-2829, ext. 6809; fax: (617) 954-6685

    No. of participants

    Total144,400

    Bundled (inc. in-house asset mgmt.)74,400

    Investment mgmt. only70,000

    Participants served exclusively74,400

    Bundled services74,400

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Generic employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Changes to contribution allocations

    Performance data

    Fund information

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $3 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *GICs

    MFS provides services to 9,290 sponsors: 1,590 for bundled services (including in-house investment management) and 7,700 for investment management only.

    It has a strategic alliance with Hypo Foreign & Colonial Management, Wyatt, Trust Consultants, and Emtay.

    Leslie Sabo is client contact.

    J.P. Morgan Investment

    Management Inc.

    522 Fifth Ave. New York, N.Y. 10036; phone: (212) 837-1408; fax: (212) 768-0557

    No. of participants

    Total1,235,000

    Investment mgmt. only1,235,000

    Participants served exclusively1,235,000

    Investment mgmt. only1,235,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Operators

    Foreign language capability

    Performance data

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