Press Release

Acquisition Creates Leading Third-Party Administrator of Benefits to Taft-Hartley Trust Funds, State and Municipal Plans

TAMPA, Fla. – August 22, 2011 – HealthPlan Holdings, Inc., a leading provider of outsourced solutions to insurers in the individual, union trust and voluntary benefits markets, announced today that it has acquired Zenith Administrators, Inc. The company will merge Zenith with its subsidiary, American Benefit Plan Administrators, Inc. (ABPA). The combination creates a leading national third-party administrator of health care, retirement and other benefits to Taft-Hartley trust funds, and state and municipal plans.

Together, ABPA and Zenith will have more than 1,200 employees dedicated to providing benefit administration services to nearly 2 million plan participants across the country. The newly merged companies will offer customers the broadest range of services to administer benefits and manage compliance requirements associated with their Taft-Hartley plans. In addition, ABPA and Zenith will have a significantly greater geographic presence to provide customers with localized expertise and support.

“This acquisition enables our companies to offer the industry’s most comprehensive administration solutions that can be customized to meet our clients’ unique requirements for all aspects of their benefit programs. As one organization, we are committed to investing our collective expertise and resources to enhance our services for the future. Our goal is to support our clients with managing the increasingly complex regulatory issues and rising costs associated with their benefit programs,” said Jeff Bak, president and chief executive officer, HealthPlan.

Media contacts:

Robin Depenbrock
813-289-1000 ext. 2762
rdepenbrock@healthplan.com

Kelly Zitlow
847-858-5230
kelly.zitlow@wshp.com