ANN COMBS TO SPEAK AT 2001 PSCA NATIONAL CONFERENCE

Conference to Focus on Implementation of Pension Reform (HR 1836)

Chicago (July 24, 2001) – The Profit Sharing/401(k) Council of America (PSCA) is pleased to announce that Ann Combs, newly appointed Assistant Secretary of Labor, Pension and Welfare Benefits Administration, will discuss her agency’s outlook and priorities for employer provided retirement plans at its 54^th National Conference to be held September 12-14, 2001 in Scottsdale, Arizona.

In addition, the focus of this year’s conference will be on practical solutions for the implementation of HR 1836, the Economic Growth and Tax Relief Reconciliation Act of 2001. "PSCA was a key player in the content and passage of this exciting new law and they will be the go-to source for plan sponsors in implementing it" says Timothy Hoppe, Retirement Plans Manager, Longs Drug Stores Inc.

This year’s three day conference will also present new research and survey data, fiduciary strategies to avoid litigation, managing IRS and DOL audits, investment policy statements avoiding multi-language roadblocks, asset allocation for reluctant investors, paperless administration and over 20 other defined contribution plan related topics.

The Profit Sharing/401(k) Council of America (PSCA), a national non-profit association of 1,200 companies and their 6 million employees, advocates increased retirement security through profit sharing, 401(k) and related defined contribution programs to federal policymakers and makes practical assistance with profit sharing and 401(k) plan design, administration, investment, compliance and communication available to its members. PSCA, established in 1947, is based on the principle that “defined contribution partnership in the workplace fits today’s reality.” PSCA's services are tailored to meet the needs of both large and small companies with members ranging in size from Fortune 100 firms to small, entrepreneurial businesses.