ROSELAND, N.J., Oct. 7, 2019 /PRNewswire/ -- With more than
half of U.S. workers planning to remain part of the workforce until
at least age 65, companies are increasingly finding their employee
retirement needs and related responsibilities growing – and in
turn, the need for a more comprehensive retirement services plan.
To help businesses navigate the evolving workforce, ADP enhanced
its retirement services offering with the launch of SMART-3(16) to
provide outsourcing support for businesses of all sizes. This
comprehensive solution designates a third-party provider to fulfill
plan administration responsibilities to help manage fiduciary
responsibility, reduce client effort, and simplify their
experience.
Included as part of ADP's holistic retirement services
solutions, SMART-3(16) helps to manage the day-to-day operations of
time-consuming retirement plans, including delivering notices to
participants on behalf of a plan sponsor. SMART-3(16) is available
in various cost-effective service models and levels as part of
ADP's retirement services program.
"ADP Retirement Services introduced SMART-3(16) because our
clients were searching for a cost-effective solution to reduce
their liability and the efforts associated with plan management, so
they could spend more time on their business," said Kristin Andreski, general manager of retirement
services at ADP. "The new solution is another way we're helping our
clients to efficiently manage the full employee lifecycle, from
hire to retire."
To learn more about ADP Retirement Services and its SMART-3(16)
program and how to streamline costs and administrative work,
contact 1-800-432-401k
[1-800-432-4015] for information.
About ADP (NASDAQ – ADP)
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through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed
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Copyright © 2019 ADP, LLC. All rights reserved.
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SOURCE ADP, LLC