ADP STRATEGIC PLAN SERVICES, LLC
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Investment Management with ADP
ADP Strategic Plan Services will take on the burden of fiduciary investment management for you.

Put ADP Strategic
Plan Services to
work for you today.

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Make the most of your business’ retirement plan.

With ADP Strategic Plan Services (SPS), you can rely on us to provide investment services that are designed to fit the needs of your plan and mitigate the risk from managing fiduciary obligations to offering a diversified fund menu.

Being a plan fiduciary comes with the legal responsibilityof making investment choices for your plan. This important task is critical to your plan’s success and your employees’ retirement readiness.

ADP Strategic Plan Services, LLC (SPS) takes on this role for you — providing carefully selected fund lineups and monitoring the performance of your plan’s investment options in the best interest of the plan.

Investment Management Services For Your Plan

When it comes to investment selection and monitoring, SPS can help you meet your fiduciary responsibilities. We provide fiduciary investment management services under Section 3(38) of ERISA to help you manage the risk and challenges associated with investment monitoring and selection.

With SPS you get the investment oversight and experience your plan needs. We act as the investment manager for your plan and assume full investment discretion for selecting, monitoring, and if necessary, replacing investment options in your plan’s lineup.

Investment Fiduciary Services

SPS helps take the complexity out of plan investment selection and oversight by:

  •  Building investment lineups based on the investment tier and guideline that you select
  •  Monitoring the investment lineup and, if necessary, replacing and/or removing any funds
    that do not meet its criteria

  •  Determining mapping strategies for transfers from existing to new investment funds

ADP Strategic Plan Services can help ease
the fiduciary burden
of selecting and monitoring
your plan’s investment lineup.

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 (ERISA). This is a high standard that requires certain levels of expertise in areas like investment selection and monitoring, among others.

Hiring SPS as your investment manager may also reduce the risks associated with certain third-party, ERISA-related lawsuits pertaining to investment selection and monitoring. In FY ‘20, the EBSA recovered $3.12 billion for the benefit of plans, participants, and beneficiaries.1 This included:

$2.602 billion recovered
from over 1,100
civil investigations1


$456 million restored to workers
through informal
participant complaints1

19,624 filings to the voluntary delinquent Form 5500 file program1


ADP Strategic Plan Services FAQs

  • What is ADP Strategic Plan Services, LLC?

    • What is ADP Strategic Plan Services, LLC?

      ADP Strategic Plan Services, LLC 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 employer-sponsored retirement plans.

  • Why was ADP Strategic Plan Services created?

    • Why was ADP Strategic Plan Services created?

      To continue to service our clients' plan investment needs, we created ADP Strategic Plan Services – an SEC-registered investment advisory firm - to provide investment management, advisory, and oversight.

      This new offering will enhance the services ADP makes available to retirement plan recordkeeping clients.

  • How can ADP Strategic Plan Services help strengthen my business’s retirement plan?

    • How can ADP Strategic Plan Services 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?

    • 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 ADP Strategic Plan Services, LLC. 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.

  1. 1. EBSA Fact Sheet “EBSA restores Over $2.5 Billion to Employee Benefit Plans, Participants and Beneficiaries” (October 14, 2020)