Unique features include: guaranteed issue
(employees and their eligible dependents will not be denied coverage
during open enrollment periods), no pre-existing condition
limitations, no networks or doctor directories (employees can go to
any provider or hospital), COBRA administration at no additional cost
to the employer , customized enrollment forms, free replacement ID
cards, open-source billing technology that corresponds with an
employer's existing payroll cycle, and experienced "live" customer
service representatives . Third-Party Administrator Acquisition Expands Scope and Brings Management
Depth

LUBBOCK, Texas, The Parker Group, a health care
and benefits management holding company, announced today that it has closed on
the acquisition of Gallagher Benefit Administrators , Inc.
"The timing of this acquisition allows us to take advantage of significant
market opportunities as a leading provider of employee benefit administrative
services," said Michael Bryan, President and COO of the combined companies. Bryan's company, American
Administrative Group, Inc.

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Nationwide 's limited medical offering,
which is available to companies with more than 50 employees, is an
insured indemnity plan designed for hourly and part-time employees who
may have been excluded from traditional group plans. Best.

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, an international insurance brokerage and risk
management services firm, is headquartered in Itasca, Illinois, has operations
in eight countries and does business in more than 100 countries around the
world through a network of correspondent brokers and consultants.


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Nationwide Health Plans Chooses Fringe Benefit Group to Market and Administer New Limited Medical Offering


"As we evaluated the health insurance marketplace, we realized
that there is an enormous need for health benefits for hourly,
part-time and seasonal employees," said Tom DeNoma, an officer in
Nationwide Health Plans' Special Risks division. ("GBA") a national
third-party employee benefits administrator.

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The Parker Group Acquires Gallagher Benefit Administrators Inc.

Gallagher + Co.

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Drawing on its expertise in the prevailing wage segment, the
company has also emerged as a leader in group benefit plans designed
specifically for hourly and part-time workers (limited benefit
programs ).M. (NYSE: AJG)."
The Parker Group owns ICON Benefit Administrators, Inc.

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For more
information , visit www.

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We think this
agreement is a giant step in the right direction towards enabling more
employers to be able to afford valuable health benefits for their
employees. The company provides a full range of
insurance and financial services, including auto, homeowners, life,
health, commercial insurance, administrative services, annuities,
mutual funds, pensions and long-term savings plans . ("ICON"), a
Lubbock, Texas-based Third Party Administrator with over 70,000 members in
22 states , serving a combination of private employers, governmental entities,
church associations and MEWA 's.

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Nationwide is one of largest insurance
and financial services companies in the world.
Nationwide is currently underwriting Fringe Benefit Group's
product in 25 states, with expectation of approval in more than 40
states by the end of 2005.
The limited medical product, which will be sold via Nationwide
agents as well as independent insurance agents, covers many of an
employee's routine healthcare needs, such as doctor's visits for
illness and preventive care, non-occupational accident coverage, and
more.

About Fringe Benefit Group

The Austin, Texas-based Fringe Benefit Group and its affiliate
companies have helped employers design and administer fringe benefit
programs since 1983. For existing and new brokers, this acquisition opens the door to a
wide spectrum of new and exciting opportunities across the country.

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"Employers will receive the efficiencies and strategic expertise needed to
assist their employees and retirees manage the pressures of rising health care
costs. AAG has a 20-year
history in retiree benefits and Medicare administration as well as business
process outsourcing services for the group insurance and union market sectors. Gallagher + Co.

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"The Fringe Benefit
Group has many years of experience successfully administering benefit
solutions to hourly and part-time employees, which is one of the many
reasons that we chose to underwrite the product. Through its nationwide network of independent
brokers and agents, the Fringe Benefit Group has established itself as
the leader in government contractor health and welfare and retirement
plans . ("AAG") of Fort Worth, Texas.
AAG provides administrative services for benefit plans that cover over
80,000 lives. "AAG and GBA are a great boost to our long-term
strategy of geographic and product expansion.

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About Arthur J.

commute 401

The company was acquired from a
subsidiary of Arthur J.
Arthur J.

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ICON administers Worker's Compensation,
Section 125/Cafeteria plans, and Consumer Driven Health Plans.

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nationwide.com


Gallagher Benefit
Administrators provides services to over 500,000 covered lives through offices
in Illinois, Texas, Ohio, Mississippi, California, Michigan and Colorado.

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fibi. Nationwide ranks 118th
on the Fortune 500 list. Employers and brokers alike
will reap the benefits of administrative service excellence and an experienced,
stable management team.

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It is ideal for
employers looking for a health plan that is affordable, flexible and
easily administered. The Nationwide
companies include the country's seventh-largest property/casualty, the
fourth-largest homeowners and the sixth-largest auto insurance group."
Last month, The Parker Group acquired Mr.

About The Parker Group
The Parker Group is a diverse health care management organization.

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enrollments 401k

"
The Fringe Benefit Group agrees that this partnership is a tribute
to the success they have had in marketing and administering limited
medical plans. The combined revenues clearly
put us among the top ten employee benefit TPAs in the nation," says Ted Parker,
CEO, The Parker Group.

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Business Editors

AUSTIN, Texas----The Fringe Benefit
Group, an industry leader in group benefit plans designed specifically
for hourly and part-time workers, today announced that Nationwide
Health Plans, part of the Nationwide family of companies, has selected
Fringe Benefit Group as the marketer and administrator of Nationwide's
new limited medical offering.com

About Nationwide

Nationwide, based in Columbus, Ohio, is one of the largest
diversified insurance and financial services organizations in the
world, with more than $148 billion in assets . Gallagher + Co.
Separate companies provide employee benefit and third party administration,
preferred provider organization network services, medical and case management,
wellness, and information technology including EDI clearing house, paper to
EDI conversion and PPO repricing.

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Dental, vision and short term disability benefits are also
available.

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For more information, log on to www.
Nationwide Life Insurance Company, the major subsidiary of Nationwide
Financial, ranks 11th in assets according to A.

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"Being selected by an established, reputable carrier
like Nationwide as the marketer and administrator of its new limited
medical plan is a validation of the limited medical industry and a
ringing endorsement for the Fringe Benefit Group," said Brian
Robertson, vice president of the Fringe Benefit Group.
"Our acquisition strategy is an effective way to accelerate growth,
improve operations and integrate new services.

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