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Social(k) Post Strong Year-end Results

Social(k) Post Strong Year-end Results

Published 01-23-06

Submitted by Social(k)

Springfield, MA - Social(k), a platform of close to 40 socially responsible funds offered by ExpertPlan to the 401(k) market, has posted strong year-end results since its August 2005 launch.

"The interest in Social(k) among 401(k) plan sponsors has exceeded our expectations," said Robert M. Thomas, Social(k) president. "We did not expect to generate this level of acceptance so quickly. We attribute this to both exceptional marketing efforts, started only five months ago, and our ability to offer full service, TPA and Solo(k) products to help meet our client's plan design needs."

Mr. Thomas noted that San Francisco-based Parnassus Investments, a manager of 7 SRI funds representing $1.3 billion of shareholder assets, has adopted Social(k) for its own 401(k) plan. "That is quite a compliment when a leading socially-responsible fund offers our platform to its own employees," he said.

Social(k) has been licensed by One Percent for the Planet, an alliance of companies that encourages businesses to donate 1% of their sales to promote the wellbeing of the earth. Social(k) announced that it will donate 10% of its profits to Heifer International, a non-profit organization whose goal is to help end world hunger and poverty.

Mr. Thomas also announced that Social(k) expects to add a dozen faith-based Judeo-Christian funds to its platform early in 2006.

According to Tim O¹Brien, ExpertPlan¹s CEO, ³The market acceptance of
Social(k) to-date strongly suggests that there is a sizeable, untapped demand for socially responsible funds across the defined contribution market. The attractiveness of the Social(k) offering is enhanced by the ease with which participants can access these funds via the ExpertPlan platform.²

About Social(k)
Social(k) is powered by ExpertPlan, the only entirely proprietary, private-labeled recordkeeping platform available to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with clients' business models. Social(k) is a retirement program with over 40 socially responsible mutual funds, from Calvert, Citizens, Ariel, Domini, Sierra Club, Neuberger Berman, Parnassus, AXA Enterprise, and Alger, plus hundreds of other funds, open to all financial institutions.

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Social(k)

Social(k)

Social(k) is a retirement plan platform with over 200 Environmental, Social and Corporate Governance, ESG, screened funds, rather than the usual one or two. In addition Social(k) offers over 2000 traditional funds to provide employees greater choice when determining portfolio mix. Social(k) is the first choice for mission driven organizations operating in a sustainable manner. Social(k) works with your existing advisor or we can refer someone from our network of over 500 advisors. Whether you have a plan or are just looking to offer one let us show you how we offer a sustainable investing advantage to your employees.

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