American Benefit Plan Administrators Acquires the Taft Hartley Trust Fund Assets of Associated Administrators, Inc.

TAMPA, Fla.--()--Aug. 23, 2005--American Benefit Plan Administrators (ABPA), an affiliate of HealthPlan Holdings, announced today that it has acquired the Taft Hartley trust fund assets of Associated Administrators, Inc. (AAI). AAI, a Portland, Oregon-based third party administrator serving the Taft Hartley market, has become one of the largest administrators of multi-employer benefit plans in the Pacific Northwest, since its formation in 1961.

"We are delighted to add AAI's Taft-Hartley clients and its employees and management team to our ABPA family. Our intent is to enhance AAI's client loyalty by leveraging ABPA's 24/7-online access, our web-based contribution accounting and pension administration capabilities," said Dan Maier, COO of ABPA. "And with this expansion into the Oregon and Washington markets, we gain a long-term base of operations from which to grow our business in the Pacific Northwest."

About HealthPlan Services

HealthPlan Services (HPS), a Sun Capital Partners, Inc. affiliate, is the nation's largest provider of TPA services to the small business, voluntary and individual marketplace. HPS provides administration and distribution services for the employee benefit market focused in accident and healthcare segments. HPS' services are specifically designed to meet the needs of companies insuring individuals, small businesses and middle market companies. Offering products such as health insurance (PPO, HMO, Indemnity, consumer driven), Dental, Life Insurance, Disability, Long Term Care and Ancillary products. For more information about HealthPlan Services, please visit http://www.healthplanholdings.com.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners have acquired more than 90 companies throughout the world with consolidated sales in excess of $20 billion. For more information about Sun Capital Partners, Inc., please visit http://www.SunCapPart.com.

Contacts

HealthPlan Holdings, Inc., Tampa
Jeff Bak, 813-289-1000, ext. 2037

Contacts

HealthPlan Holdings, Inc., Tampa
Jeff Bak, 813-289-1000, ext. 2037