Workforce Newsroom

ROSELAND, N.J., July 31, 2024 – ADP Retirement Services has been recognized by PLANSPONSOR Magazine as the top recordkeeper of total retirement plans and total 401(k) plans nationwide. This achievement demonstrates strong momentum -- ADP Retirement Services achieved a 17 percent year-over-year increase in total plans and an impressive 20 percent growth in 401(k) plans.

"We are honored by this recognition from PLANSPONSOR Magazine, which underscores ADP’s commitment to enabling businesses of all sizes to offer vital retirement solutions for their employees," said Chris Magno, senior vice president and general manager, Retirement Services at ADP. “We understand the critical role retirement plans play in securing financial futures. ADP’s focus remains on making retirement solutions widely accessible and affordable in order to streamline plan administration and empower employees to build long-term financial security."

As state mandates and SECURE 2.0 Act provisions have expanded accessibility and incentive for employers to offer retirement plans, ADP continues to integrate new provisions seamlessly into its service offerings, enabling employers to administer plans compliantly and efficiently.

"ADP's comprehensive suite of benefits administration solutions demonstrates industry-leading capability across multiple market segments,” said DeeAnna Warrington, principal research analyst at NelsonHall. “Their integration expertise, supported by ADP DataCloud, not only enhances decision-making capabilities but also significantly reduces administrative workloads for clients."

For more information about ADP Retirement Services and its industry-leading solutions, visit ADP Retirement Services.

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