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Press release:

Legg Mason Offers Expert ERISA Help to Advisors

Issued by: ExpertPlan

Date: Aug. 22, 2011

East Windsor, NJ August 4, 2011    ExpertPlan, a leading provider of private-label recordkeeping solutions for the retirement plan industry, announced that Legg Mason's Retirement Advisory Council has teamed up with ExpertPlan to form an ERISA Helpdesk to help advisors tackle old and new regulations that govern the retirement plan market. The new ERISA Helpdesk will be staffed by two lawyers, two actuaries and one qualified pension administrator from ExpertPlan.

The help desk launched on June 1, and access to the exclusive service is limited to group of some 3,000 top-producing retirement plan advisors, and will be promoted only through in-person contact or targeted promotions.

"As consolidation happens resulting in fewer advisors covering the retirement market, they're going to need help," according to Gary Kleinschmidt, head of retirement specialists at Legg Mason. "So far, there have been questions on DB/DC combo plans, fee disclosure and transparency."

Legg Mason chose ExpertPlan because of its acquisition of Redwood Administrators last June.

"We thought their acquisition of Redwood made sense for us and they've always been a good partner for us," Kleinschmidt added.

Ross Brown, Senior Vice President of Sales & Relationship Management at ExpertPlan, reports that: "We have a long and successful partnership with them throughout our history and we're starting to see some volume come in from the advisors who use this program."

According to Kleinschmidt, Legg Mason is one of only two major asset managers who provide this type of service (the other manager is Columbia Management) but said that his firm's services differs from that of Columbia's.

"We're trying to go for the technical high-end questions whereas Columbia focuses on IRAs," he said.

About ExpertPlan
ExpertPlan Inc., headquartered in East Windsor, NJ, is a national provider of retirement plan services with a product base offering in defined contribution and defined benefit plan design, recordkeeping and administration, insurance-based products, as well as trust and benefit services software solutions. ExpertPlan offers a wide variety of service models and plan types, for both start-ups and conversions, including 401(k), Roth 401(k), Solo(k) Owners-Only, Safe Harbor, Profit Sharing, New Comparability, Money Purchase, Nonqualified Deferred Compensation, 457, 403(b), Defined Benefit including Cash Balance and more.  As the premier provider of private-labeled recordkeeping and administration services for asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies and banks that serve retirement plan industry, the firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models. For more information about ExpertPlan, visit www.expertplan.com or contact us at 866.929.2525.

For more information: https://www.expertplan.com/roller/eppressrelease

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