ROSELAND, N.J., Oct. 3, 2011 /PRNewswire/ -- ADP®, a leading
provider of human resource outsourcing, payroll services, tax and
compliance services, benefits administration and integrated
computing solutions for vehicle dealers, today announced it will
make available Mesirow Financial's Fiduciary Partnership service to
its Retirement Services clients to help them better manage
fiduciary liability and mitigate risk.
"Investment decisions hold retirement plan sponsors to
extraordinary accountability," said John
Guido, division vice president of ADP Retirement Services.
"Partnering with the right investment advisor—especially one that
helps manage fiduciary liability while offering independent,
objective investment expertise and the highest standards of due
diligence—is a critical step for plan sponsors and other plan
fiduciaries in protecting both their participants and
themselves. ADP Retirement Services is pleased to work with
Mesirow Financial to provide our clients with access to these
services," Guido added.
This new service will be made available to all plan sponsors
using the popular ADP Access® 401(k) product, providing another
valuable tool that sponsors and financial advisors have come to
expect with ADP's retirement solutions. The addition of
access to Mesirow Financial's services only enhances these
solutions.
Mesirow Financial, a diversified financial services firm
headquartered in Chicago, created
the Mesirow Financial Fiduciary Partnership Service program to
address the growing need for third-party fiduciary assistance.
As part of ADP's suite of plan support services that it makes
available to its clients, Mesirow Financial will provide plan
sponsors with viable, flexible fiduciary solutions, including:
- Mesirow Financial Plan Sponsor Agreement: Reliance on
decisions backed by the resources to protect the plan sponsor from
third-party lawsuits
- Mesirow Financial Elite List: Access to lineups
based on a broad, menu-driven list of investment options across
many asset classes for which Mesirow Financial takes fiduciary
responsibility
- Suggested Investment Option Lineups: Optional
plan-demographic-based lineups built by Mesirow Financial
- Mesirow Financial POLICE Report®: Quarterly,
six-category reporting watch list that keeps sponsors and advisors
informed about key issues concerning the investment options in
their lineup
"Mesirow Financial is very excited to work with ADP by offering
its clients investment fiduciary assistance," said Michael Annin, senior managing director and head
of the Investment Strategies group at Mesirow Financial. "Our
services will provide ADP Retirement Services' clients and their
financial advisor partners with investment due diligence solutions
that are especially relevant in today's regulatory environment."
For more information about ADP Retirement Service offerings,
visit
www.adp.com/solutions/employer-services/retirement-services.aspx.
About Mesirow Financial
The Investment Strategies group at Mesirow Financial is an
independent, third-party investment consultant that provides robust
asset allocation strategies and fund selection to defined
contribution providers, insurance companies, broker/dealers and
mutual fund companies. Mesirow Financial is a diversified financial
services firm headquartered in Chicago. Founded in 1937, it is an
independent, employee-owned firm with approximately 1,200 employees
in locations across the country and in London. The firm is well capitalized and has
been consistently profitable, with capital of $302 million, revenues totaling $510 million for fiscal 2011 and $57.3 billion in assets under management, of
which $28.7 billion are in currency
and commodities as of June 30, 2011.
With expertise in Investment Management, Global Markets, Insurance
Services and Consulting, Mesirow Financial strives to meet the
financial needs of institutions, public sector entities,
corporations and individuals. For more information about Mesirow
Financial, please visit mesirowfinancial.com.
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with about
$10 billion in revenues and
approximately 570,000 clients, is one of the world's largest
providers of business outsourcing solutions. Leveraging over 60
years of experience, ADP offers a wide range of human resource,
payroll services, tax and benefits administration solutions from a
single source. ADP's easy-to-use solutions for employers provide
superior value to companies of all types and sizes. ADP is also a
leading provider of integrated computing solutions to auto, truck,
motorcycle, marine, recreational vehicle, and heavy equipment
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.
SOURCE Automatic Data Processing, Inc. (ADP)