public.adpstrategicplanservices.comADP Strategic Plan Services, LLC

ADP Strategic Plan Services LLC About Services Insights Team Contact Call (855) 583-4407 Fiduciary Investment Management Services With ADP Strategic Plan Services (SPS) you can rely on us to provide investment services to help you manage your fiduciary obligations, gain access to a diverse group of funds, and offer plan participants a varied fund menu with low expense fund fees. A Trusted Expert in Fiduciary Investment Management $20.8 Billion Assets Under Management i Flexibility Options and choices that are right for your business 70,000+ Clients i Our Fiduciary Services With two services to choose from, you can select the investment support best suited to your plan needs. 3(21) Investment Advisory Services What are 3(21) Investment Advisory Services? Provides advice and guidance to your plan’s investment fiduciary and assists with the selection and monitoring of your plan’s investment options. Who are 3(21) Investment Advisory Services best for? Those who have an investment manager or committee. Those who seek additional guidance with selection and monitoring. Those who want to be involved in making critical investment decisions for their business. 3(38) Investment Management Services What are 3(38) Investment Management Services? Acts as an investment manager for your plan and assumes full investment discretion for selecting, monitoring, and replacing investment options for your plan. Who are 3(38) Investment Management Services best for? Those who need an investment manager for their plan. Those who want someone to perform the selection and monitoring for them. Those who want a do-it-for me approach to making critical investment decisions for their plan. ADP Strategic Plan Services can help ease the fiduciary burden of selecting and monitoring your plan’s investment lineup. Let’s Talk Our Insights Market Commentary & Outlook By James Buccella, President ADP Strategic Plan Services Download Now Protection from Fiduciary Risk When it comes to selecting plan investment options, you have a legal responsibility to follow the fiduciary standards outlined in the Employee Retirement Income Security Act of 1974 (ERISA). This is a high standard that requires certain levels of expertise in areas like investment selection and monitoring, among others. Hiring Strategic Plan Services as your investment manager may also reduce the risks associated with certain third-party, ERISA-related lawsuits pertaining to investment selection and monitoring. In 2022, the EBSA recovered $1.4 billion for the benefit of plans, participants, and beneficiaries. 1 This included: $ 931 million recovered from over 907 civil investigations $422 million restored to workers through informal participant complaints $83.9 million distributed to participants as a result of the Abandoned Plan program Our Investment Committee Meet the experienced investment professionals behind ADP Strategic Plan Services. Our Investment Committee is there to help you make the most of your retirement plan. James Buccella, CMFC ® Member, President of ADP Strategic Plan Services James T. Buccella (Jim) is President of (SPS),an SEC Registered Investment Advisor. Since the formation of SPS in 2017, he continues to manage and ... Read Full Bio → Kevin Merrow, CFP ® , CMFC ® , CRPS ® Chairman, Director of Institutional Investment Consulting Kevin Merrow is Chairman of the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee ... Read Full Bio → Neil Fentress, CMFC ® Member, Sr. Director Investment Services Neil Fentress is a member of the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee has overall responsibility for selecting ... Read Full Bio → Greg Anderson, CMFC ® Member, Institutional Investment Consultant Greg Anderson is a member of the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee has overall responsibility for ... Read Full Bio → Kevin Drever, CMFC ® , CRPS ® Member, Institutional Investment Consultant Kevin Drever is a member of the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee has overall responsibility for ... Read Full Bio → Michael Haggerty Member, Institutional Investment Consultant Michael Haggerty serves on the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee has overall responsibility for ... Read Full Bio → Frequently Asked Questions Who is ? is an affiliate of ADP, Inc. (ADP) and a separate, indirect subsidiary of Automatic Data Processing, Inc. that provides fiduciary investment management services including the analysis, selection, monitoring, and if necessary, replacement of investment options on behalf of employee-sponsored retirement plans. What is ADP SPS’ philosophy on managing my investment lineup? Frequent fund changes can be disruptive, so we only recommend changes when they are clearly prudent. We minimize disruption so participants can stay focused, and our decisions are intended to reflect prudent investment management of your plan’s retirement assets. When making investment decisions for your lineup, we: Objectively evaluate the widest possible range of funds available Take a comprehensive approach to fund analysis, including qualitative factors Incorporate investment risk and volatility when evaluating returns Make only meaningful and prudent plan investment changes Consider industry trends and behavioral finance research in our ongoing due diligence process How can ADP SPS help strengthen my business’s retirement plan? ADP Strategic Plan Services is committed to providing our defined contribution retirement plan clients with investment services that help them effectively manage their investment fiduciary obligations, gain access to a diverse groups of funds, and offer plan participants a diversified fund menu. We are focused on contributing toward your participants retirement readiness. Our objective is to help you design an investment menu that fits the investing needs of your plan and its participants. Why is an investment service good for my business? As a fiduciary, it’s important to follow the standards of conduct outlined in the Employee Retirement Income Security Act (ERISA). Among other responsibilities, this includes carrying out your duties prudently — a high standard that requires expertise in a number of areas, like investment selection and monitoring. To help plan sponsors manage fiduciary risk, ADP, Inc. makes investment fiduciary support services available through its affiliate . With these services, you can effectively manage fiduciary risk associated with investment selection and monitoring by adding the level of ERISA fiduciary support that’s right for your "business". What is a 3(21) fiduciary? A 3(21) fiduciary is named by a retirement plan sponsor to ensure that your plan is meeting specific Employee Retirement Income Security Act of 1974 (ERISA) provisions regarding rights and responsibilities in managing an employer-sponsored retirement account. The fiduciary may be a third party that specializes in these functions. A 3(21) Investment Advisor guides a Plan sponsor on managing the plan’s investments. While they act as a co-fiduciary, it’s important to note that they do not make investment decisions. What is a 3(38) fiduciary? A 3(38) Investment manager is a third party hired by a plan sponsor to manage, monitor and sustain the investment options for plan participants, maintaining full discretion of the investment lineup. What are a 3(38) fiduciary’s requirements and responsibilities? A 3(38) Investment manager is a third party hired by a plan sponsor to manage, monitor and sustain the investment options for plan participants, maintaining full discretion of the investment lineup. What benefits can a 3(38) offer? With the support of an investment professional (such as SPS) acting as...