ROSELAND, N.J., April 23, 2014 /PRNewswire/ -- As part of
its commitment to retirement planning advisors, ADP®
today announced it has introduced IPS Zero, an investment platform
designed to appeal to advisors who employ a fee-for-service
structure with their retirement plan clients and plan sponsors who
want simplified fees. With IPS Zero, advisors and their
clients can benefit from greater transparency and lower investment
expenses when administering their plans.
The investment options offered under the IPS Zero platform pay
no 12b-1, shareholder servicing fees or revenue sharing
compensation to ADP, Inc. (or its affiliates), which grants plan
sponsors and participants the benefit of paying significantly lower
investment fees. In addition, since ADP, Inc. is not an
investment manager, it does not offer or require the use of any
proprietary investment vehicles, which ensures there are no
conflicts of interest or impediments to creating an investment menu
best suited to each client's needs.
"ADP Retirement Services is committed to helping retirement
planning advisors and plan sponsors generate the best possible
savings outcomes for their participants. That's why we've
created IPS Zero," said Chris
Augelli, vice president of product marketing and business
development at ADP Retirement Services. "IPS Zero is designed
for plan sponsors who believe simplified fees and complete
transparency are in the best interests of their plan and their
employees."
"We've been waiting for a product like IPS Zero because now all
fee details are wide open for our clients to see and understand,"
said Matt D. Fitch, a retirement
plan consultant with Minnesota-based Feltl and Company. "To
have a retirement investment platform linked with payroll is a huge
advantage because our clients understand exactly what they are
buying from us and they know exactly what they are paying for."
Bryan Strong, Fitch's partner at
Feltl and Company, added: "This kind of transparency helps build
trust, and being trusted helps us retain clients."
In addition to simplified fees, the IPS Zero platform offers
investment screening and ongoing monitoring of the platform's
investment options by ADP's team of investment professionals; a
broad selection of investment options from over 30 leading asset
managers; and access to support tools to help advisors and plan
sponsors mitigate fiduciary liability. Investment options are
screened and monitored based on the ADP IPS Zero platform
Investment Policy Statement (IPS). Only funds that meet the
qualitative and quantitative requirements of the IPS are considered
for the platform.
"Our goal is to make retirement plan administration and
participation easy and accessible, and simplified fees and
transparency play an important role in that process," Augelli
added.
To learn more about ADP Retirement Services, please visit:
www.adp.com/401k.
About ADP
With more than $11 billion in
revenues and more than 60 years of experience, ADP®
(NASDAQ: ADP) serves approximately 620,000 clients in more than 125
countries. As one of the world's largest providers of
business outsourcing and human capital management solutions, ADP
offers a wide range of human resource, payroll, talent management,
tax and benefits administration solutions from a single source, and
helps clients comply with regulatory and legislative changes, such
as the Affordable Care Act (ACA). 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 visit the company's Web site at
www.adp.com.
Media Contact:
Jim
Duffy
ADP
(973) 712 - 2070
Jim.Duffy@ADP.com
SOURCE ADP