ROSELAND, N.J. – ADP Retirement Services announced the development of two new retirement plan solutions — one for HUB International and the second for their affiliate GRP Financial. The new 401(k) product offerings, HUB Retirement Select and GRP Retirement Select are integrated with ADP payroll to help mitigate plan administration risk and make plan management easy. Small- and mid-sized employers also benefit from the retirement advisory capabilities of HUB and GRP which includes 3(38) fiduciary oversight.
“We’re excited to make these off-the-shelf retirement plan solutions available to HUB and GRP clients,” said Chris Magno, Senior Vice President and General Manager, ADP Retirement Services. “These packaged solutions for HUB and GRP are a powerful mix of technology and data that offer real-time payroll integration with minimal plan administration, at a cost-effective price point that works for businesses of all sizes.”
“Working with ADP gives us a tremendous opportunity to expand the retirement savings options for all the employees we are working to serve” said Joe DeNoyior President of HUB Retirement and Private Wealth, HUB International. “We enjoy a strong working history with ADP and the new co-branded retirement solutions are a natural fit, creating an affordable and fully-integrated solution for our clients.”
ADP Retirement Services currently provides over 115,000 business owners with 401(k) recordkeeping services. HUB has over 1,600 benefits brokers working to help distribute these products to their more than 600,000 benefits clients.
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Chris Magno, SVP and General Manager, Retirement Services at ADP
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About Hub Retirement and Private Wealth
Hub Retirement and Private Wealth (“RPW”) offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc., are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.
Global Retirement Partners and HUB International are not affiliated with ADP, Inc or ADP affiliated companies.
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