GBA Retirement Services Update

GBA Retirement Services, Inc. offers quality pension, profit sharing, and the popular Section 401(k) plans. With enhanced service features, diversified investment options, and affordable pricing, the retirement plans offered by GBA Retirement Services, Inc. may be able to help you improve your employee benefit package. To receive a complete information booklet on Trust programs and investments available to GBA members, please contact Mandy Richards at (404) 420-2025. Below is an update of the most recent reported investment returns and other retirement plan information.

Returns for Retirement Trust
Fourth quarter 2004 once again produced positive returns, and the year ending December 31, 2004 was another good year in the stock market! Both investment managers of the GBA Master Pension and Profit Sharing Trust performed well and still maintain impressive long-term returns. The mutual funds managed by Atlanta Capital Management and the blended mutual fund portfolios managed by Reliance Trust Company continue to invest in high quality companies and/or mutual funds with special emphasis on long-term investment goals.

Atlanta Capital Management
Mutual Fund	QTD	YTD	3YR
Atlanta Cap Large Cap	6.78%	5.73%	-0.14%
Atlanta Cap Small Cap	9.84%	17.63%	10.42%
Atlanta Cap Interm. Bond	0.08%	2.25%	4.32%
Spartan Govt. MMkt	0.39%	1.02%	1.14%
Vanguard International	15.62%	20.84%	44.0%

Reliance Trust Company
Portfolio	QTD	YTD	3YR
Current Income	0.33%	0.76%	0.86%
Capital Preservation	3.68%	5.26%	4.49%
Moderate Growth	5.94%	8.44%	6.42%
Wealth Building	7.98%	11.05%	7.82%
Aggressive Appreciation	10.52%	13.61%	8.41%
** The Board of Trustees of the GBA Master Trust sets strict quality standards for both firms.

IRS Dollar Limits for Retirement Plans in 2005
Maximum Elective 401(k) Deferrals	$14,000
Catch-Up Contributions (employees over age 50)	$4,000 additional
Annual Defined Contribution Limit	$42,000
Highly Compensated Employee Definition	$95,000
Maximum Compensation for Benefit Calculation	$210,000
Compensation for Determining Key Employee (also must be officer)	$130,000

Alliance Benefit Group
Alliance Benefit Group serves as the third-party record-keeper for the Master Trust and offers many unique features via the participant website. Payroll services are also now available to Trust members at competitive prices and will help reduce administrative work for your retirement plan. Please email Mandy Richards at for more information.