ADP STRATEGIC PLAN SERVICES, LLC
FLORHAM PARK, NJ

ADP Strategic Plan Services, LLC (SPS) is an affiliate of ADP, LLC and a separate indirect subsidiary of Automatic Data Processing, Inc., based in Florham Park, FLORIDA. It operates as an SEC-registered investment advisory firm primarily engaging in fiduciary investment management services. This includes tasks such as the analysis, selection, monitoring, and replacement of investment options for employer-sponsored retirement plans. Established on April 13, 2017, ADP Strategic Plan Services was created to address and continue servicing clients' plan investment needs amidst regulatory changes by the Department of Labor, which impacted fiduciary duties from June 9, 2017. Since then, SPS has taken over responsibilities like investment management and advisory oversight previously handled jointly by ADP. ADP does not monitor certain investment funds for plans once SPS begins its services, serving only as a recordkeeper and administrative support in such contexts. Investment fund options offered through SPS are developed collaboratively with affiliates, including offering products via ADP Broker-Dealer, Inc. or ADP, LLC. The selection of suitable investment tiers by plan sponsors remains their responsibility. SPS emphasizes transparent fee structures where affiliate commissions may be involved from manufacturers or distributors of selected investment options. However, such fees are not contingent on SPS's advisory services. Despite affiliations with ADP and other financial entities, SPS does not endorse specific products, service providers, or offer legal, tax, or investment advice to individuals. Licensed representatives affiliated with ADP Broker-Dealer or third-party broker-dealers handle the marketing of retirement products under agreements with ADP LLC. ADP Strategic Plan Services is governed by officers and directors including Jim P Buccella, Jeff Hodges, and Kristin A Dos Passos-Krieg. As part of its reporting obligations to Florida state authorities, it maintains an active registered status with a recent annual report filed on April 24, 2024. Further details about their operations can be found at their official website, adpstrategicplanservices.com.