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 EMPLOYEE BENEFIT PLANS, INC. ANNOUNCES CHANGE IN FISCAL YEAR
 MINNEAPOLIS, Oct. 16 /PRNewswire/ -- Employee Benefit Plans, Inc. (NYSE: EBP) today announced that it will change its May 31 fiscal year end to a Dec. 31 calendar year end. This seven-month period -- June 1, 1992, through Dec. 31, 1992, will be a transition "stub" period.
 William E. Sagan, chairman and chief executive officer of EBP, said, "Our insurance company subsidiary has always been on a calendar year. As EBP has grown, multiple year-ends for reporting purposes have become increasingly inconvenient and costly for reporting purposes. The board has authorized this change to streamline our financial reporting function and reduce our accounting costs associated with multiple quarter and year-end closes."
 Employee Benefit Plans, Inc. is a leader in providing products and services to companies throughout the United States who self-fund their employee benefit programs. The company has sales of more than $200 million, and is headquartered in Minneapolis. The company's common stock is traded on the New York Stock Exchange under the symbol "EBP."
 -0- 10/16/92 R
 /CONTACT: Earl Milbrath or Sharon Koenig, both of EBP, 612-546-4353/
 (EBP) CO: Employee Benefit Plans, Inc. ST: Minnesota IN: INS SU:


KH -- MN018R -- 1400 10/19/92 09:20 EDT
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Publication:PR Newswire
Date:Oct 19, 1992
Words:211
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