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 diversified fund menu.
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
We can help you find the right investment service for your plan
With two flexible services to choose from, you can select
the investment support best suited to your plan needs.
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.
• I already have an investment manager or committee.
• I am seeking additional guidance with selection and monitoring.
• I want to be involved in making critical investment decisions for my business.
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.
• I need an investment manager for my plan.
• I want someone to perform the selection and monitoring for me.
• I want a do-it-for me approach to making critical investment decisions for my plan.
Meet the experienced sales team
behind ADP Strategic Plan Services
Our Investment Committee is there to help you make the most of your retirement plan.
| Neil Fentress Sr. Director Investment Services |
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| James Buccella, CMFC® President of ADP Strategic Plan Services |
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| Kevin Drever, CMFC®, CRPS® Institutional Investment Consultant |
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| Greg Anderson, CMFC® Member, Investment Services Committee |
|
| Kevin Merrow, CFP®, CMFC®, CRPS® Member, Investment Services Committee |
Put ADP Strategic
Plan Services to
work for you today.
ADP Strategic Plan Services FAQs
What is ADP Strategic Plan Services, LLC?
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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.
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Why was ADP Strategic Plan Services created?
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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.
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How can ADP Strategic Plan Services help strengthen my business’s retirement plan?
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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.
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Why is an investment service good for my business?
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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.
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- 1. EBSA Fact Sheet “EBSA Restores Over $2.5 Billion to Employee Benefit Plans, Participants and Beneficiaries” (October 14, 2020)
Neil Fentress
Sr. Director Investment Services
ADP Strategic Plan Services, LLC (SPS)
SPS will take on the burden of fiduciary investment management for you.
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, monitoring, and replacing funds in plan investment line-ups. For clients who engage SPS as an investment advisor, the Investment Committee has overall responsibility for reviewing and monitoring funds in plan investment line-ups as needed , and supervising the preparation of performance reports and the provision of investment advice to client plans.
Neil has over 16 years of experience with ADP Retirement Services. He has served in various capacities in client investment services. Neil leads the Investment Sales Consulting team and Client Investment Services, which are responsible for conducting ongoing investment service, investment reviews and investment education for ADP clients.
Neil is a FINRA registered representative with ADP Broker-Dealer, Inc. and holds Series 7, 26 and 63 securities registrations. Prior to joining ADP Neil worked at Edward Jones Investments, Wells Fargo Financial, and Integrity Life Insurance Co. in various roles in financial services and retirement planning. Neil received his Bachelor of Science degree in Economics from the University of Louisville.
Phone: 502-890-8770
Email: neil.fentress@adp.com
ADP Retirement Services
11405 Bluegrass Parkway
Louisville, KY 40299
www.adpstrategicplanservices.com/
Registered representative of ADP Broker Dealer, Inc. (Member FINRA), an affiliate of ADP, Inc. One ADP Blvd, Roseland, NJ. ADP Strategic Plan Services, LLC (SPS) is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services.
ADP Retirement Services branch office: 11 Northeastern Boulevard Salem, NH, 03079
ADP, the ADP logo and Always Designing for People are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. 99-6081-SPS-1120 ADPIA-20201030-0133 Copyright © 2020 ADP, Inc. All Rights Reserved
James Buccella, CMFC®
Vice President
ADP Strategic Plan Services, LLC (SPS)
SPS will take on the burden of fiduciary investment management for you.
James (“Jim”) Buccella is a member of both the SPS Board of Managers and the SPS Investment Committee. For clients who engage SPS as an investment manager, the Investment Committee has overall responsibility for selecting, monitoring, and replacing funds in plan investment line-ups. For clients who engage SPS as an investment advisor, the Investment Committee has overall responsibility for reviewing and monitoring funds in plan investment line-ups, and supervising the preparation of performance reports and the provision of investment advice to client plans.
Jim has 12 years of experience at ADP Retirement Services (“ADPRS”), where he has been responsible for all relationship management activities for ADPRS clients. He is a FINRA registered principal with ADP Broker Dealer, Inc, with Series 7, 24 and 63 licenses.
Prior to joining ADP, Jim has had over 20 years of experience in providing fiduciary services to retirement, trust, and investment clients. His leadership positions include First Vice President of HSBC Bank, USA and as Managing Director at JP Morgan Chase Asset Management, where he was responsible for a variety of investment management, institutional brokerage and institutional trust services to middle-market banking clients. Jim holds a Bachelor of Arts degree in Communication from the State University of New York at Buffalo and an MBA with a concentration in Finance from the State University of New York at Albany and earned a CMFC® designation from the College for Financial Planning.
Vice President
Phone: 678-497-2468
Email: James.Buccella@adp.com
11 Northeastern Blvd
Salem, NH 03079
www.adpstrategicplanservices.com/
Registered representative of ADP Broker Dealer, Inc. (Member FINRA), an affiliate of ADP, Inc. One ADP Blvd, Roseland, NJ. ADP Strategic Plan Services, LLC (SPS) is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services. The Chartered Mutual Fund Counselor (“CMFC”) program is administered by the College for Financial Planning. The CMFC program consists of types and characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning, and professional conduct. The CRPS designation consist of types and characteristics of retirement plans, including IRAs, small business retirement plans, defined contribution plans, nonprofit plans, 401(k) and 403(b) plans, and government plans. Other topics addressed are plan distributions, plan design and implementation, plan establishment and operation, and fiduciary issues.
ADP Retirement Services branch office: 11 Northeastern Boulevard Salem, NH, 03079
ADP, the ADP logo and Always Designing for People are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. 99-6081-SPS-1120 ADPIA-20201030-0133 Copyright © 2020 ADP, Inc. All Rights Reserved
Greg Anderson, CMFC®
Institutional Investment Consultant
ADP Strategic Plan Services, LLC (SPS)
SPS will take on the burden of fiduciary investment management for you.
Greg 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, monitoring, and replacing funds in plan investment line-ups. For clients who engage SPS as an investment advisor, the Investment Committee has overall responsibility for reviewing and monitoring funds in plan investment line-ups, and supervising the preparation of performance reports and the provision of investment advice to client plans.
Separately, Greg has over 16 years of experience with ADPRS, where he has held various roles involving activities such as investment reviews, performance reporting and plan pricing evaluations for ADPRS’s plan clients. Greg is also a registered representative with ADP Broker Dealer, Inc. and holds FINRA Series 6 and 63 securities registrations.
Prior to joining ADP, Greg worked for Deutsche Bank / Scudder Investments (DBSI). Greg held multiple positions at DBSI, including with the Closed End Fund group, where he was responsible for providing client with pricing and performance return information on funds managed by DBSI. At DBSI, Greg also provided investment support to the High Net Worth Group, and served separately as an Education Specialist for retirement plan participants. Greg has a Bachelor of Arts degree in Business Marketing from Clarion University of PA. He also earned the Chartered Mutual Fund CounselorSM (CMFC®) designation from The College for Financial Planning.
Institutional Investment
Consultant
Phone: 860 658-1104
Email: greg.anderson@adp.com
11 Northeastern Blvd
Salem, NH, 03079
www.adpstrategicplanservices.com/
Registered representative of ADP Broker Dealer, Inc. (Member FINRA), an affiliate of ADP, Inc. One ADP Blvd, Roseland, NJ. ADP Strategic Plan Services, LLC (SPS) is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services.
The Certified Financial Planner (“CFP”) program is administered by the Certified Financial Planner Board of Standards Inc. The certification exam features these topics: Professional Conduct, General Principles of Financial Planning, Education Planning, Risk Management and Insurance Planning, Investment Planning, Tax Planning, Retirement Savings and Income Planning and Estate Planning. CFPs must satisfy continuing education requirements. The Chartered Mutual Fund Counselor (“CMFC”) an The Chartered Retirement Plans Specialist (“CRPS”) program are administered by the College for Financial Planning. The CMFC program consists of types and characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning, and professional conduct. The CRPS designation consist of types and characteristics of retirement plans, including IRAs, small business retirement plans, defined contribution plans, nonprofit plans, 401(k) and 403(b) plans, and government plans. Other topics addressed are plan distributions, plan design and implementation, plan establishment and operation, and fiduciary issues.
ADP Retirement Services branch office: 11 Northeastern Boulevard Salem, NH, 03079
ADP, the ADP logo and Always Designing for People are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. 99-6081-SPS-1120 ADPIA-20201030-0133 Copyright © 2020 ADP, Inc. All Rights Reserved
Kevin Drever, CMFC®, CRPS®
Institutional Investment Consultant
ADP Strategic Plan Services, LLC (SPS)
SPS will take on the burden of fiduciary investment management for you.
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 selecting, monitoring, and replacing funds as needed in the plan investment line-ups. For clients who engage SPS as an investment advisor, the Investment Committee has overall responsibility for reviewing and monitoring funds in plan investment lineups, supervising the preparation of performance reports and the provision of investment advice to client plans.
Kevin Drever joined Strategic Plan Services, LLC in February 2018 and has over 20 years of industry experience. He has held positions in investment services, relationship management, and participant education during the last 17 years at ADP Retirement Services. During the last nine years, he has focused on the investment arena. Prior to joining ADP, Kevin worked for the investment firm, Scudder Kemper Investments. Kevin is a FINRA registered representative with ADP Broker-Dealer, Inc. and holds the Series 6 and 63 registrations.
Kevin Drever graduated with a Bachelor of Arts degree in International Relations and Spanish with a Minor in Latin American Studies from Beloit College. Later, he completed a Master of Arts degree in Spanish from Middlebury College. He maintains the designations of Chartered Mutual Fund Counselor, and Chartered Retirement Plans Specialist.
Phone: 312.935.7117
Email: kevin.drever@adp.com
11 Northeastern Blvd
Salem, NH 03079
www.adpstrategicplanservices.com/
Registered representative of ADP Broker Dealer, Inc. (Member FINRA), an affiliate of ADP, Inc. One ADP Blvd, Roseland, NJ. ADP Strategic Plan Services, LLC (SPS) is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services.
The Chartered Mutual Fund Counselor (“CMFC”) program is administered by the College for Financial Planning. The study program and the final examination for the CMFC program consist of types and characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning, and professional conduct. Chartered Mutual Fund Counselors must fulfill continuing education requirements./p>
ADP Retirement Services branch office: 11 Northeastern Boulevard Salem, NH, 03079
ADP, the ADP logo and Always Designing for People are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. 99-6081-SPS-1120 ADPIA-20201030-0133 Copyright © 2020 ADP, Inc. All Rights Reserved
Kevin Merrow, CFP®, CMFC®, CRPS®
Manager, Due Diligence
Institutional Investment Consultant
ADP Strategic Plan Services, LLC (SPS)
SPS will take on the burden of fiduciary investment management for you.
Kevin 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, monitoring, and replacing funds as needed in plan investment line-ups. For clients who engage SPS as an investment advisor, the Investment Committee has overall responsibility for reviewing and monitoring funds in plan investment line-ups, and supervising the preparation of performance reports and the provision of investment advice to client plans.
Kevin has over 15 years of experience in the retirement services industry, most recently with ADP Retirement Services (“ADPRS”), where he provided investment analysis, performance reporting, and pricing support for ADPRS client plans. Prior to joining ADPRS, Kevin worked for AARP Financial as a financial planner, helping AARP members meet their financial goals for retirement. Prior to AARP, Kevin worked for MFS Investment Management in Boston, Massachusetts as a qualified plan representative.
Kevin holds a Bachelor of Science degree in Business Administration with a concentration in Finance from the University of Vermont. Kevin earned and holds the following designations: Certified Financial Planner (CFP®), Chartered Mutual Fund Counselor® (CMFC), and Chartered Retirement Plan Specialist® (CRPS) from The College for Financial Planning. Kevin is a FINRA registered representative with ADP Broker-Dealer, Inc. and holds Series 6 and 63 securities registrations.
Manager, Due Diligence /Inst.
Investment Consultant
Phone: 802-578-7912
Email: Kevin.Merrow@adp.com
11 Northeastern Boulevard
Salem, NH, 03079
www.adpstrategicplanservices.com/
Registered representative of ADP Broker Dealer, Inc. (Member FINRA), an affiliate of ADP, Inc. One ADP Blvd, Roseland, NJ. ADP Strategic Plan Services, LLC (SPS) is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services.
The Certified Financial Planner (“CFP”) program is administered by the Certified Financial Planner Board of Standards Inc. The certification exam features these topics: Professional Conduct, General Principles of Financial Planning, Education Planning, Risk Management and Insurance Planning, Investment Planning, Tax Planning, Retirement Savings and Income Planning and Estate Planning. CFPs must satisfy continuing education requirements. The Chartered Mutual Fund Counselor (“CMFC”) an The Chartered Retirement Plans Specialist (“CRPS”) program are administered by the College for Financial Planning. The CMFC program consists of types and characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning, and professional conduct. The CRPS designation consist of types and characteristics of retirement plans, including IRAs, small business retirement plans, defined contribution plans, nonprofit plans, 401(k) and 403(b) plans, and government plans. Other topics addressed are plan distributions, plan design and implementation, plan establishment and operation, and fiduciary issues.
ADP Retirement Services branch office: 11 Northeastern Boulevard Salem, NH, 03079
ADP, the ADP logo and Always Designing for People are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. 99-6081-SPS-1120 ADPIA-20201030-0133 Copyright © 2020 ADP, Inc. All Rights Reserved