Retirement Services Sales Representative, Adp Job #195013, Atlanta, Ga, Us
It specializes in small companies with 1 to 49 employees and offers several 401 retirement plans for businesses this size. Advisor services are available to help you select the suite of products your company/employees need, and employers who switch to ADP from another provider have the option to let their employees transfer their plans over. SIMPLE IRA and SEP are offered through ADP Broker-Dealer, Inc. , Member FINRA, an affiliate of ADP, Inc, One ADP Blvd, Roseland, NJ 07068. ADP is a popular business solutions company that offers services such as payroll, time and attendance, and HR and employee benefits – including employee retirement plans. It works with more than 700,000 businesses worldwide, including some with one employee and some with more than 1,000. Paychex offers 401 plans to small employers in addition to payroll and HR services, outsourced benefits administration, business loans, and other services.
T. Rowe Price is a respected name in retirement planning and has been providing investment and retirement services for more than 80 years. These 401 plans are a great choice if you’re an employer with 1,000 employees or less. Not many names come with as much recognition with the retirement planning industry as Charles Schwab. Charles Schwab offers Index Advantage 401 plans with low administrative costs, as well as some ETF options.
A great thing about the individual 401 plan is that you can direct how your contributions are invested. This plan has no monthly service fees or maintenance fees and no minimum amount to open an account. Contributions are tax-deductible and earnings are tax-deferred.
All Charles Schwab plans come with retirement planning resources and 24/7 service and support. In assembling and presenting its investment platforms, ADP is not undertaking to provide impartial investment advice or to give advice in a fiduciary capacity.
The target date funds are very cost effective and are designed to maximize retirement earnings. Vanguard does not handle its own customer service — that is handled by a 401 administrator.
Best For Small Employers: Employee Fiduciary
Even if you have a small business, you still want to offer your employees a sound retirement savings plan that’s also economical. With optional plan services and features to choose from, you can customize your plan design to better help your employees achieve retirement readiness. About 50 percent of employees save less than $5,000 per year for their retirement.4 When employees understand their retirement plan benefits, they’re more likely to enroll and use those benefits to their full potential. A 403 is a type of qualified retirement plan which is similar to a 401 and is available in certain industries. These plans allow your employees to contribute and save on a pre-tax and after tax basis, with the opportunity for employer matching contributions as well.
As a Sales Representative, Retirement Services, you’ll win new business and close sales for ADP’s Retirement Services 401 solutions. With a little help from our top-notch sales training, you’ll connect with both new and existing clients to sell products that put millions of employees on the road to retirement readiness. When you make a name for yourself at ADP, doors will open for advancement opportunities, industry-leading compensation, and even luxurious trips.
Investment options are available through the applicable entity for each retirement product. Only registered representatives of ADPBD may offer and sell such retirement products and services or speak to retirement plan features and/or investment options available in any ADP retirement product. ADP is another 401 provider that offers combined services for small employers including 401, payroll, insurance, HR, tax filing, and other administrative services.
In the education and healthcare sectors, these plans are the most common retirement vehicle. However, we must work with our clients’ authorized payroll contacts. If you are an employee of an ADP client, please reach out to your company’s Payroll/HR contact. They would typically need to be involved in resolving any payroll concerns. Boost your retirement knowledge, put notable trends on your clients’ radar–and even deliver the very tools they need to help estimate potential retirement health care costs with ADP retirement services. Self-employed 401 retirement plans are also available. These plans offer many of the same benefits as a traditional 401 including tax-deferred growth and tax-deductible contributions.
We signed up with ADP and processed our first payroll flawlessly. Our next payroll, however, almost caused our employees to walk off the job. All of this investigating should have been done in the 3-4 weeks leading up to our first payroll, not upon the submission of our second payroll. ADP has absolutely no empathy or system in place to serve small business. The Retirement Health Care Costs Projector is the property of HealthView Services, Inc. and is provided for educational purposes only. Cost projections and other information generated by the RHCCP are estimates, hypothetical in nature, dependent upon the quality of input data as well as certain assumptions, and are not guarantees of future results. Actual health care costs will likely vary from the estimate.
- Advisor services are available to help you select the suite of products your company/employees need, and employers who switch to ADP from another provider have the option to let their employees transfer their plans over.
- Investment options are available through the applicable entity for each retirement product.
- Only registered representatives of ADPBD may offer and sell such retirement products and services or speak to retirement plan features and/or investment options available in any ADP retirement product.
- ADP is another 401 provider that offers combined services for small employers including 401, payroll, insurance, HR, tax filing, and other administrative services.
- It specializes in small companies with 1 to 49 employees and offers several 401 retirement plans for businesses this size.
Fidelity Investment is a privately-owned company and a competitive 401 plan provider. It offers a variety of consulting services including plan administration, record-keeping services, trading advisement services, and investment advisory services. The plans administered by Fidelity Investments are ideal for public and private companies with more than 20 employees. For employers looking for a full array of services (plan administration, record-keeping, mutual fund expense ratios), Fidelity Investment is a good choice to consider.
It is mainly an HR/payroll services company but it does coordinate with 401 providers for you and takes care of administration services, making it an affordable option for small companies who need multiple services provided. Paychex has more than 100 offices around the country which can be contacted for assistance. Small employers are billed based on their number of employees and the number of pay periods each year. There are some additional fees for processing tax forms and other services. When considering which 401 plan provider to choose, employers have several factors to take into consideration including funding options, customer service, financial stability, and financial structure of the company. Small business 401 plans are tailored to meet the specific needs unique to small business owners and their employees.
Nothing expressly contained or implied on ADP’s participant website or in any RHCCP estimate is intended or shall be construed as medical or other professional advice by ADP. For specific medical advice, diagnosis and treatment, participants should contact their personal physician. Participants should consult with their tax advisor or financial professional and not rely on the RHCCP as the primary basis for their investment, financial, or tax planning decisions. There’s no pricing information on ADP’s website, so you’ll need to contact the company for a pricing quote specific to your business, as the company customizes its plans. When we reached out to the company, we posed as a small business that had five employees, with no previous retirement plan, and was not yet an ADP client. If you already use ADP for your payroll, you should look into its employee retirement services as well. It’s hard to find another service that offers the variety of plans, online resources and support that ADP provides.
A Great Retirement Plan Can Be Your Company’s Best Employee Benefit
A small-business retirement specialist is on-call to help individuals select the right self-employed 401 plan. Rowe Price offers 403 plans for nonprofit and tax-exempt organizations such as hospitals, churches, and schools. The 403 offers these employees and an effective and cost-efficient way to save for retirement. If you are a small employer that is looking into 401 plans but also needs a payroll service, Paychex may be just what you are looking for. It is an all-in-one service for small employers with an excellent reputation and provides an affordable alternative to some of the more expensive 401 providers.
Lori Fairbanks is a writer and editor for business.com and Business News Daily who has written about financial services for small businesses for more than seven years. Lori has spent hundreds of hours researching, analyzing and choosing the best options for critical financial-related small business services, including credit card processing services, point-of-sale systems and employee retirement plans. Lori’s publishing experience is extensive, having worked as a magazine editor and then as a freelance writer and editor for a variety of companies. ADP Retirement Services doesn’t have the cheapest retirement savings plans for small businesses, and you have to contact the company to find out how much it costs, since there’s no pricing on its website. It may also cost extra if you need to add investment advisory or management services to your plan. We are an oilfield services company employing over 50 people.
Plans have tax-deferred growth potential and contributions are tax-deductible. Employers may choose to match contributions and participants loans are available. In addition, communication and education programs are available to help employees make the best retirement plan choices. Those choices for 401 plans include mutual funds, ETFs, stocks, bonds, and target date funds.
Customize Your Plan Design
ADP retirement plan solutions bring you the services and features you need to customize your plan design to reduce administrative burdens and help unlock better employee retirement outcomes. Your employees have access to a library filled with digital tools and educational information about planning, saving and retirement. The site provides multiple resources in a self-learning format that allows employees to learn about topics such as planning for retirement, managing debt, estate planning and more. To learn more about SEP IRAs, and to determine if a SEP IRA might be the best retirement plan for you and your employees, contact us. ADP has teamed up with Newport Retirement Services8, a leading provider of 403 retirement plans, to bring you 403b-Select. This one-of-a-kind solution provides data integration between ADP’s payroll solutions and Newport’s recordkeeping system to ease the burden of administrative plan tasks. Even though it is one of the largest mutual fund companies in the world, Vanguard offers several low-cost 401 investment options including professionally-managed mutual funds and ETFs.
Whether your business is a sole proprietorship, corporation, Limited Liability Company or a partnership, there is a 401 plan available for you to help provide affordable retirement solutions to your employees. ADP Retirement Services offers multiple plan types, such as Roth 401, safe harbor 401, SIMPLE IRA and SEP IRA plans. In addition to integrating seamlessly with ADP’s payroll services, it offers an unbiased selection of investments for plan participants and provides co-fiduciary services to help you comply with Department of Labor regulations. The company says it’s one of the fastest-growing retirement plan providers in the nation, serving more than 66,000 retirement plan clients and 1.6 million plan participants with $66 billion in retirement plan assets.
They can also access ADP’s financial wellness website to learn about managing their money, saving for a home and planning for retirement. Visit our best picks page to see all of our recommendations for employee retirement providers. Check out our reviews for ADP’s payroll and PEO services to learn more about this company’s offerings. The great thing about a 401 plan from American Funds is that it can be tailored to fit almost any type of business, from start-ups to mergers to well-established entities. American Funds has more than 360, plans available including traditional IRA, Roth IRA, individual mutual funds and objective-focused mutual funds. There is a Vanguard investment fund available for nearly every investor, including more than 100 mutual funds , low-cost and diversified ETFs, and target date funds .
SPS and its affiliates do not offer investment, tax or legal advice to individuals. SPS is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any plan beneficiaries. It is strongly suggested that any prospective client obtain independent advice in relation to any investment, financial, legal, tax, accounting or regulatory issues discussed herein. Analyses and opinions contained herein may be based on assumptions that if altered can change the analyses or opinions expressed. Nothing contained herein shall constitute any representation or warranty as to future performance of any financial instrument or other market or economic measure. From easy plan management and unbiased investment choices to fiduciary services, simple plan setup and time-saving efficiencies, you can leverage benefits that make a difference with our retirement plan solutions.
Employee Fiduciary has low fees for setting up and administering 401 plans. In fact, CBS Moneywatch rated Employee Fiduciary as the Best Small Company 401 provider. This company encourages employers to compare their 401 plans against their current provider’s plan, claiming low fees with the same investment choices as plans sponsored by the country’s largest organizations. Making the best possible investment choices for your plan is critical to its success.
This program comes with advisor services and also has an interest-bearing feature through the Schwab Bank. Plans have no annual fees and employees will enjoy full access to all of Charles Schwab’s brokerage and banking services. Investment advisory and management services provided through ADP Strategic Plan Services, LLC, an SEC registered investment advisor . Registration does not imply any level of skill or training. SPS affiliates may also receive fees paid by manufacturers or distributors of the investment options included in this product in connection to other professional services provided by the applicable SPS affiliate. The advice provided by SPS is in no way related or contingent upon the payment received for these other services.
Vanguard does not do plan administration, payroll, banking or other HR and administrative service, but is the plan’s money manager. The minimum amount required to start a plan is $500 or $1,000 to convert an existing plan. There are more than 377 mutual funds, ETFs and access to brokerage through TD Ameritrade. The fees for 401 plans are low and Employee Fiduciary provides tax return forms, annual report summaries, benefit statements and a toll-free number for participants needing assistance. Low-cost investment options include Vanguard funds, index funds, and Exchange Traded Funds . It is a common misconception that 401 plans are only for large employers.
If a small business owner already has a plan administrator, most of Vanguard’s services are easily integrated, making it an inexpensive choice for 401 investment options. Individuals who are self-employed or have an owner-only business can contribute to an individual 401 plan which offers many of the same benefits as the traditional 401.
Retirement services & planningHelp get your employees retirement ready with easy-to-manage retirement plans that can help you meet your fiduciary obligations, attract the best talent to your company and more. ADP’s extensive support offerings and online resources for its clients and their employees is impressive. Your employees receive access to online participant dashboards and a mobile app, allowing them to view their retirement savings account balances and change their contribution rates or investment funds and allocations.