FOR IMMEDIATE RELEASE Contact: Melissa Jakeman
1 November 2001 704.715.4518
FIRST UNION LAUNCHES EVERGREEN CONNECT K
CHARLOTTE – First Union’s (NYSE:WB) Benefit Services Group launched an innovative, Formatted
cost-efficient, internet-based 401(k) product called “Evergreen Connect k” that is accessible at
www.www.EvergreenConnectk.com. Evergreen Connect k is available to small businesses,
typically with five or more employees, seeking to start a new 401(k) plan.
While Evergreen Connect k is an internet-based 401(k) product, it also offers plan sponsors and
participants the option of personalized human interaction. When registering for Evergreen
Connect k, plan sponsors may elect to work with a financial professional in setting up and
maintaining their 401(k) plan. Plan sponsors control the amount of interaction they desire from
the financial professional by choosing from multiple service programs; sponsors may elect to
work directly with their financial professional or may choose to handle all aspects of their plan
“Our goal at First Union is to meet the varying needs of our participants and plan sponsors,” said
Joe Ready, director of First Union’s Benefit Services Group. “Evergreen Connect k meets a
wide range of needs—plan sponsors may choose either to set up and administer their plan
completely online or to work with a financial professional that is specifically assigned to their
Plan sponsors may choose from 41 funds, including Evergreen Funds and third-party funds
offered through 10 other mutual fund family alliances.
First Union partnered with Denver-based Fast401k to offer Evergreen Connect k. Fast401k is a
leader in the online 401(k) industry, offering the first independent and unbiased 401(k) plan on
the internet. By offering a complete online 401(k) solution, Fast401k provides online enrollment
FIRST UNION LAUNCHES EVERGREEN CONNECT K—page 2
functions and participant-specific services as standard features to every client. This enables plan
sponsors to concentrate on their businesses, and gives employees the peace of mind that comes
from being financially prepared for their retirements.
To set up an Evergreen Connect k plan, companies may visit www.EvergreenConnectk.com or
call toll free 866.368.3436 to be paired with a local financial professional.
About First Union’s Benefit Services Group (BSG)
With over $40 billion in assets under care, First Union’s Benefit Services Group offers a wide
array of retirement products and is the 16th largest defined contribution/401(k) provider in the
nation. First Union is committed to providing fully-bundled defined contribution, defined
benefit and nonqualified retirement plans that exceed customer expectations. Headquartered in
Charlotte, North Carolina, the Benefit Services Group services retirement plans for almost
500,000 participants. For more complete information about the Benefit Services Group, please
visit them on the web at firstunion.com/401k or call 800.917.9343.
Fast401k is the leading provider of “e401k” solutions to major financial institutions and
specializes in delivering highly scalable, web-based retirement products through private-label
partnerships. Fast401k’s platform is designed to deliver cost-effective and flexible solutions that
enable financial institutions to provide institutional quality retirement plans to their small and
medium sized business customers. Based in Denver, Colorado, Fast401k, Inc. is privately-held.
For more complete information about Fast401k, visit them online at www.fast401k.com or call
Mutual funds are not FDIC insured, not bank guaranteed and may lose value. For more information about
Evergreen Funds, please contact your financial professional or visit our website EvergreenInvestments.com for a
prospectus. The prospectus contains more complete information, including fees and expenses, and should be read