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NRP Adds ADP ACCESS'(R) Open Fund Architecture Investment Platform to Its Approved Product List

^{Published on 2010-06-29 05:40:46 - Market Wire}
 

ROSELAND, NJ--(Marketwire - June 29, 2010) - [ ADP ]^®, a leading provider of [ HR ], payroll and benefits administrative services, announces that National Retirement Partners (NRP) has approved the marketing of ADP ACCESS' 401(k) retirement plan product utilizing an open fund architecture (OFA) investment platform. This allows NRP's 150 member firms in more than 39 states to offer retirement plan clients, with $1 million or more in plan assets, the ability to select from more than 6,000 investment options available through the ADP ACCESS Open Fund Architecture investment platform to meet their individual plan's investment needs. ADP is one of the few organizations that delivers this level of investment flexibility to plan sponsors, by making 401(k) retirement plan products available without the proprietary fund requirements imposed by many other service providers.

"ADP offers these clients retirement plan solutions historically reserved only for Fortune 500 companies," said Chris Augelli, VP Alliance Programs, ADP Retirement Services. "Our clients and their financial advisors trust ADP to provide flexible plan solutions that meet their specific investment and participant communication needs."

Corby Dall, Senior VP, Provider Relations at NRP, said, "Plan sponsors value solutions that offer flexibility in meeting their planning needs. ADP ACCESS offers sponsors open fund architecture to help meet their fiduciary requirements related to investment choice and fees."

ADP Retirement Services leverages robust technology and the knowledge of experienced professionals to provide world-class recordkeeping services for companies of any size. Its full range of product offerings includes 401(k) Plans, Executive Deferred Compensation Plans, and "Premium Only" (POP) Cafeteria Plans. For more information on ADP Retirement Services, please call 800-432-401k or visit [ www.ADP.com ].

ADP, Inc. and its affiliates (ADP) do not provide investment, tax or legal advice. Please consult with your own advisors to the extent you deem appropriate in light of your own circumstances.

About ADP
Automatic Data Processing, Inc. (NASDAQ: [ ADP ]), with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to organizations of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1-800-225-5237 or visit the company's Web site at [ www.ADP.com ].

About NRP
National Retirement Partners, Inc. is one of the nation's largest networks of independent retirement plan focused advisors. NRP has 150 Member Firm offices that make up a network of independent advisors providing consulting and investment services to retirement plan sponsors and participants nationwide.