ADP Strategic Plan Services (SPS) offers investment advisory and management services to retirement plan sponsors who use ADP, Inc. for recordkeeping. SPS helps clients establish and maintain a documented process for investment oversight. SPS offers services like benchmarking fund expenses, plan design strategies, investment analysis, and fund selection. SPS provides both non-discretionary and discretionary services.
Assets Under Management$24B
Clients90,603
AdvisorsN/A
Avg. per Client$260K
Avg. per AdvisorN/A
Fee Structure
Minimum Investment:None
Investment management only (planning not offered)
Minimum Annual Fee:$30
ADP Strategic Plan Services (SPS) offers different investment management services with varying fees:
- 3(21) Custom Service: For plans with assets between $10 million and $15 million, the annual fee is 0.22%. For assets between $15 million and $25 million, the fee is 0.15%. For assets over $25 million, the fee is 0.10%, with a maximum annual fee of $50,000.
- 3(21) Auto-Execute Service: The annual fee is 0.10% of plan assets, with a maximum fee of $50,000.
- 3(38) Fiduciary Services: The annual fee is 0.10% of plan assets, subject to a monthly minimum fee of $30 or a quarterly minimum fee of $90.
- ADP Starter k Complete: The annual fee is 0.10% of eligible assets, with a monthly minimum of $8.33 or a quarterly minimum of $25.
Fees are negotiable and may vary. SPS may waive minimum fee requirements or charge a lesser fee. Fees are billed in arrears, either monthly or quarterly.
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