Nyhart Continues Expansion With Atlanta Public Pension Actuary

INDIANAPOLIS, June 6, 2011 /PRNewswire/ — Nyhart, one of the nation’s largest
independent actuarial and employee benefit consulting firms, announced today the
merger with Atlanta-based Stanley, Holcombe & Associates. The merger strengthens
Nyhart’s expertise in public pensions and defined benefit retirement consulting
and creates one of the most experienced public pension teams in the nation.
Nyhart now consults to retirement clients with more than $14 billion in plan
assets.

“We are committed to investing in actuarial and benefit firms that grow our
expertise and expand our presence,” said Thomas Totten, Nyhart CEO. “With
clients in 48 states; our new Atlanta office keeps us better connected with
clients in this region while adding expertise that strengthens our overall team
of actuaries and employee benefit administrators.”

“We are extremely pleased to be joining Nyhart, whose reputation in employee
benefits consulting and administration is second-to-none,” said firm president
Randall Stanley. “With this merger, our clients have an increased team of
actuaries and retirement benefit advisors at their disposal, and we will have
the resources to expand our public pension administration and related defined
benefit services.”

“The addition of the Atlanta team is a testament to our interest in having the
best talent in the business,” said John Dowell, an actuary and principal at
Nyhart who oversees the firm’s defined benefit services. “We’re excited to have
the Stanley, Holcombe & Associates staff on our team of experts. When it comes
to public pension and related defined benefit work, we are now established as a
top-notch provider. The skills of our two staffs will complement each other
well.”

Financial details of the acquisition were not disclosed. Nyhart will keep the
existing Atlanta office space as well as retain the entire Atlanta staff.

About Nyhart

Nyhart, one of the nation’s largest independent actuarial and employee benefits
consulting firms, has been operating since 1943. Nyhart is composed of
actuaries, consultants, attorneys, accountants, and administrators, focusing on
pension and retirement fund analysis, retirement benefits consulting and
administration of employee benefits for private and public companies around the
United States. An employee-owned company, Nyhart is regularly recognized as a
best place to work. More information is available at http://www.nyhart.com.

For more information contact: James Burnes, media relations, (317) 512-3612 or
media@nyhart.com

SOURCE Nyhart