NRP Adds ADP ACCESS'(R) Open Fund Architecture Investment Platform to Its Approved Product List
June 29 2010 - 8:30AM
Marketwired
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.
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