Press Releases

FOR IMMEDIATE RELEASE - May 23, 2003
For more information, contact:
Candace Walters, 585-381-8340 x11

HR Works program aids executives in managing
401(k) risks

Prinicpals of EPIC advisors to present strategies, field questions at June 11 HR NetWorks Program

Risks are inherent in running a business and, in today’s challenging environment, they’re growing ever more numerous and complex.

Case in point: As stock values have plummeted over the last few years and Enron Corp. and Global Crossing Ltd. have collapsed, a spotlight has been focused on the fiduciary risks that employers assume when they sponsor 401(k) plans for their employees.

To manage these risks, as well as the rising costs of administering employee retirement plans, savvy employers must develop concrete strategies regarding their roles and responsibilities.

To help executives plan those strategies, HR Works, Inc., and EPIC Advisors Inc. are partnering to present “Controlling Costs in 401(k) Plans and Fiduciary Risk Management.” The program will be held Wednesday, June 11, from 8 to 9:30 a.m. at the Genesee Valley Club, 421 East Ave. The event is free, but registration is required.

Led by Theresa B. Mazzullo and James Genthner, principals of EPIC Advisors, the program will help participants identify their companies’ 401(k) costs, both hidden and billed. Mazzullo and Genthner will outline the expenses involved in mutual-fund and annuity investments, and will present opportunities for offsetting the increasing costs of 401(k) services.

Designed for senior managers -- including CEOs, company presidents, vice presidents, CFOs, controllers and HR executives -- “Controlling Costs in 401(k) Plans and Fiduciary Risk Management” is part of the series HR NetWorks: The Executive Human Resources Forum, created by HR Works to address advanced-level issues and case studies that directly impact organizations’ strategic initiatives and profitability.

HR Works, Inc., is a human resource management outsourcing and consulting firm serving more than 600 clients throughout the Rochester, Buffalo, Syracuse and Philadelphia areas. HR Works provides full-time, part-time and interim HR managers; HR audits; legally reviewed employee handbooks and supervisor manuals; employee benefit statements; affirmative action programs; compensation programs; HR*Stars direct placement services; training; and more.

EPIC Advisors, Inc. is a full-service, daily valuation 401(k) plan provider. EPIC services clients in 31 states with $1.2 billion in assets. Plan Sponsor magazine ranks EPIC among the Top 100 401(k) providers in the nation.

For more information or to register, call 585-381-8340 x 22 or visit www.hrworks-inc.com.

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HR Works
345 Woodcliff Drive
Fairport, NY 14450
1-877-219-9062
(Toll Free)