November 20, 2000

(723 words)

LOS ANGELES Southern-California-based Easytec Systems, Inc.'s patented 401k plan and software-based "run-it-yourself" plan administration system lets small businesses manage their new or already-existing 401k plans in-house from the privacy and security of their desktop computers in just 10 to 15 minutes a month and at an average savings of 60% to 80% a year.

The Wall Street Journal says 401(k) Easy "allows small businesses to manage 401k plans as easily as a consumer navigates family finances with programs such as Quicken" ("Web Helps Small Firms Start 401ks," Monday, December 27, 1999, section C1). The software has been designed by longtime 401k administration experts for quick and easy use by non-experts while still meeting the record-keeping and other demands of the investment companies and IRS.

Two of the software's most popular functions are its battery of compliance tests (which run in seconds) and the monthly account statements it generates for plan participants, features either not available or only available on a limited basis and at a substantial cost in most traditionally-administrated plans.

401(k) Easy is adaptable to new and existing plans of any size. Pricing starts at $495 a year and increases only with plan size (see price list). Clients also pay a first-year-only $500 plan and software customization fee. Participant loans, employer matching contributions, automatic enrollment, and other popular 401k features are included at the client's discretion at no extra charge. Free help is available with understanding available plan options and the typical effect of each on a 401k plan. Any needed plan conversion services are free of charge.

401(k) Easy comes with the client's choice of 401k investments. Self-directed discount brokerage accounts from Charles Schwab, TD Waterhouse and others as well as no-load mutual funds from T. Rowe Price, Fidelity, and others are available. A database of potential investments and information on each is available on the 401(k) Easy website. Free help with choosing plan investments is available.

401(k) Easy comes with a 60-day money-back guarantee on everything except investment performance and the one-time $500 plan and software customization fee. Because the $500 fee is nonrefundable, Easytec Systems makes a full-featured demonstration copy of the plan administration software available for free download from its 401(k) Easy website. The demo is also available on CD-ROM, which can be ordered through the website or by calling (800) 660-0050.

401(k) Easy comes with everything a small business needs to effectively and efficiently deliver a quality 401k in about 10 minutes a month. The package includes an IRS-approved prototype 401k plan customized to the client's specifications, 401k plan administration software and companion materials customized to the exact plan they service, the client's choice of plan investments, a supplemental FedForms CD-ROM that makes completing 1099-Rs, the 5500 series and more quick and easy, and free technical support.

In Development: 401(k) Easy Online
Potential branding arrangements with key financial institutions are being explored for online versions of 401(k) Easy self-service plan administration. Chosen institutions will each house a customized version of 401(k) Easy within their websites for use by their new and existing small business 401k clients. Each version will suit its host's particular site design and offer its host's lineup of proprietary investments/self-directed brokerage accounts.

Customized 401k plans and run-it-yourself plan administration for small businesses

Software-based run-it-yourself plan administration takes small businesses only 10-15 minutes a month

Unsurpassed affordability: Price* is based solely upon plan size:

	2-4 eligible employees 5-15 eligible employees 16-25 eligible employees 26-50 eligible employees 51-75 eligible employees 76-100 eligible employees 101-125 eligible employees 126-150 eligible employees 151-175 eligible employees 176-200 eligible employees more than 200 eligible employees		$495 a year $695 a year $995 a year $1295 a year $1495 a year $1995 a year $2295 a year $2495 a year $2795 a year $2995 a year (please call for quote)
	*Each plan also incurs a first-year-only, one-time plan and software customization fee of $500.

60-day money-back guarantee on everything except investments and first-year-only setup fee

Free technical support

Extensive investment choice (self-directed discount brokerage accounts and/or no-load mutual funds are available)

Matching contributions, participant loans, automatic enrollment and more are free options

Plan administration software has built-in safeguards against operating a plan in violation of federal regulations

Customers receive updated plan administration software and companion materials every year; updates incorporate government regulatory changes as well as system upgrades

Plan administration software runs on Windows® 95 (and above) and NT systems

PRODUCT RELEASE: