-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HuWJpvzmVzMURyKtbWiTqt5Dix3q6YzSpikd2ZVU+KlBuwLfOfiW2b5kF9j9qrkf
 CP1MIEGw6Wco8Sn+oET9Zw==

<SEC-DOCUMENT>0001214916-05-000023.txt : 20050611
<SEC-HEADER>0001214916-05-000023.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050525172910
ACCESSION NUMBER:		0001214916-05-000023
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050523
FILED AS OF DATE:		20050525
DATE AS OF CHANGE:		20050525

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EPLUS INC
		CENTRAL INDEX KEY:			0001022408
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE LESSORS [6172]
		IRS NUMBER:				541817218
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		400 HERNDON PARKWAY
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20176
		BUSINESS PHONE:		7038345710

	MAIL ADDRESS:	
		STREET 1:		400 HERNDON PARKWAY
		STREET 2:		SUITE B
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20170

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MLC HOLDINGS INC
		DATE OF NAME CHANGE:	19960906

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOVDE STEVEN D
		CENTRAL INDEX KEY:			0001019966
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28926
		FILM NUMBER:		05857682

	BUSINESS ADDRESS:	
		STREET 1:		1629 COLONIAL PARKWAY
		CITY:			INVERNESS
		STATE:			IL
		ZIP:			60067
		BUSINESS PHONE:		8658080888

	MAIL ADDRESS:	
		STREET 1:		1110 LAKE COOK ROAD
		STREET 2:		SUITE 165
		CITY:			BUFFALO GROVE
		STATE:			IL
		ZIP:			60089
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-05-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001022408</issuerCik>
        <issuerName>EPLUS INC</issuerName>
        <issuerTradingSymbol>PLUS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001019966</rptOwnerCik>
            <rptOwnerName>HOVDE STEVEN D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1110 LAKE COOK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 165</rptOwnerStreet2>
            <rptOwnerCity>BUFFALO GROVE</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60089</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2005-05-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>5300</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.02</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>921421</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>SEE FOOTNOTE 2</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2005-05-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>9600</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>921421</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>SEE FOOTNOTE 2</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2005-05-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>921421</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>SEE FOOTNOTE 2</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">As of the date hereof, including the three transactions reported herein, Steven D. Hovde is the beneficial owner (within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended) of 921,421 shares of common stock of EPlus, Inc. (the Shares).  The three transactions reported herein reflect two purchases of the Shares by Financial Institution Partners, Ltd. (5,300 on 05/23/05 and 9,600 on 05/24/05) and one purchase of the Shares by Financial Institution Partners, L.P. (400 on 05/24/05).  The beneficial ownership of these Shares is more fully set out in the following footnote.</footnote>
        <footnote id="F2">SDH is a member of Hovde Capital, L.L.C., the general partner (GP)to Financial Institution Partners II, L.P., which owns 328,719 Shares; SDH is a member of Hovde Capital Limited IV LLC, GP to Financial Institution Partners IV, L.P., which owns 39,170 Shares; SDH is a member of Hovde Capital, Ltd., GP to Financial Institution Partners III, L.P., which owns 221,271 Shares; SDH is a member of Hovde Capital IV, LLC, GP to Financial Institution Partners, L.P., which owns 195,136 Shares; SDH is a member of Hovde Capital Offshore LLC, the management company to Financial Institution Partners, Ltd., which owns 71,125 Shares; SDH is a member of Hovde Acquisition II, L.L.C., which owns 30,000 Shares; SDH is a trustee to The Hovde Financial, Inc. Profit Sharing Plan and Trust, which owns 19,000 Shares; SDH is a trustee to The Eric D. and Steven D. Hovde Foundation, which owns 17,000 Shares.</footnote>
    </footnotes>

    <remarks>THE SECURITIES REPORTED HEREIN AS BEING BENEFICIALLY OWNED BY STEVEN D. HOVDE HAVE ALSO BEEN REPORTED AS BEING BENEFICIALLY OWNED BY ERIC D. HOVDE ON A FORM 4 OF EVEN DATE HEREWITH.</remarks>

    <ownerSignature>
        <signatureName>STEVEN D. HOVDE</signatureName>
        <signatureDate>2005-05-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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