As part of its commitment to plan advisors, ADP® has introduced “IPS Zero,” an investment platform designed to appeal to advisors who employ a fee-for-service structure with their retirement plan clients and plan sponsors who want simplified fees. With IPS Zero, advisors and their clients can benefit from greater transparency and lower investment expenses when administering their plans.
The investment options offered under the IPS Zero platform pay no 12b-1, shareholder servicing fees or revenue sharing compensation to ADP or its affiliates, which grants plan sponsors and participants the benefit of paying significantly lower investment fees. In addition, since ADP is not an investment manager, it does not offer or require the use of any proprietary investment vehicles, which ensures there are no conflicts of interest or impediments to creating an investment menu best suited to each client's needs.
