Firms Partner to Provide Solo(k) Illustration Tool

PORTLAND, OR and SAN FRANCISCO, CA, April 1, 2003 -- The self-employed used to say that 401(k) plans weren't in tune with their needs—but thanks to the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), they're now singing their praises. While EGTRRA did not explicitly create a new type of retirement plan, it made a number of constructive changes to existing laws governing 401(k) plans. In doing so, the legislation had an unintended benefit-one that caters to the distinctive needs of small businesses where the owner or owners are the only employees.

To help the small business owner compare and illustrate the advantages of implementing a 401(k), often referred to as a Solo(k), over other types of retirement plans, 401khelpcenter.com and Pensiononline.com have partnered to make available a free maximum contribution analysis tool. The free tool can be found at the following link: http://www.pensiononline.com/401khelpcenter/ .

"EGTRRA has provided small business owners a significant opportunity to save for their retirement while reducing taxable income. We have provided the tool to illustrate it, and we are pleased to partner with 401khelpcenter.com in providing this valuable tool" said Marco Brown, President, Pensiononline.com. "The net earning analysis fits our strategy of providing web-based tools to pension professionals."

As a principal source of data regarding 401(k) plans, 401khelpcenter.com has been a significant source of information regarding Solo(k) plans including its popular Solo(k) Provider List. "We are pleased to collaborate with PensionOnline to expand the free tools we have available to help the sole proprietor understand and reach their retirement goals" said Rick Meigs, President, 401khelpcenter.com.

About 401khelpcenter.com

401khelpcenter.com, located in Portland, OR, is a principal provider of information, opinion, analysis, news, rules, and other 401k resources for retirement professionals, plan sponsors, small businesses, and plan participants. For more information, visit the company's web site at www.401khelpcenter.com.

About Pensiononline.com

PensionOnline, located in San Francisco, CA, is the leading online provider of pension planning, proposal, design and compliance testing software for the defined contribution industry. PensionOnline's mission is to provide comprehensive, up-to-date, anytime, anywhere access to information and analysis tools for the industry's providers, sponsors, and participants. For more information, visit the company's Web site at www.pensiononline.com.




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