According to the announcement, 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”.
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’ 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, call 800-432-401k or visit http://www.ADP.com.