ADP
recordkeeper105 known aliases resolved via the canonical alias map
Market position · 2024
Plans served4,163+140 YoYRank #4 of mapped providers
Assets under administration$180.9B0.2%Market share · rank #74
Fees received$125MMedian $14,815/planSum across Schedule C direct + indirect
Net wins YoY+139707 won · 568 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical ADP plan look like?
Service mix · median fees per plan
Count of plans where ADP ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Trustee (bank, trust company, or similar financial institution); Recordkeeping fees; Other fees; Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan; Participant loan processing; Other servicesCode 15 | 4,049 | $15,258 | |
Sub-transfer agency fees; Shareholder servicing fees; Recordkeeping fees; Other fees; Distribution (12b-1) fees; Other servicesCode 49 | 1,137 | $0 | |
Sub-transfer agency fees; Shareholder servicing fees; Distribution (12b-1) feesCode 59 | 1,065 | $0 | |
Other feesCode 99 | 9 | $0 | |
Participant loan processing; Direct payment from the planCode 37 | 7 | $3,375 | |
Participant loan processing; Contract Administrator; Recordkeeping fees; Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the planCode 13 | 5 | $18,916 | |
Recordkeeping feesCode 64 | 5 | $32,131 | |
Claims processingCode 12 | 3 | $82,197 |
Competitor overlap
Percent of ADP's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under ADP.
| Sponsor | From | Assets |
|---|---|---|
NEW ENGLAND TEAMSTERS PENSION FUNDMA · 046372430-001 | EDWARD GRODEN | $9.1B |
BOARD OF TRUSTEES, SO CA UFCW UNIONS & FOOD EMPLOYERSCA · 951939092-001 | Walter Scott | $5.2B |
ASSURANT, INC.GA · 391126612-002 | Vanguard | $2.2B |
ADIENT US LLCMI · 383380735-001 | Fidelity Investments | $951M |
PTC INC.MA · 042866152-001 | UBS Financial Services | $856M |
PPG INDUSTRIES, INC.PA · 250730780-097 | PPG Industries Inc | $689M |
AMERICAN AIR LIQUIDE HOLDINGS, INC.TX · 753174747-001 | Wellington Trust Company | $446M |
BOARD OF TRUSTEES OF POINTERS,NY · 133208565-001 | JAMES TIERNEY | $370M |
HUNTSWORTH GROUP, INC.PA · 133313044-001 | Resources Investment Advisors | $133M |
CVAUSA MANAGEMENT, LLCFL · 873915207-001 | Fidelity Investments | $132M |
Plans lost in 2024
Appeared last year under ADP; not this year.
| Sponsor | To | Assets |
|---|---|---|
BOARD OF TRUSTEES, CALIFORNIA IRONWORKERS FIELD PENSION TRUST FUNCA · 956042866-001 | RVK, Inc. | $3.0B |
SEAGATE U.S. LLCCA · 770545987-001 | Strategic Advisers | $2.1B |
BOARD OF TRUSTEES MASON TENDERS DISTRICT COUNCIL PENSION FUNDNY · 136190433-074 | MTDC Welfare Fund | $1.8B |
EXECUTIVE COMMITTEE OF THE U.F.C.W INTL UNIONDC · 812741678-001 | United Food and Commercial Workers | $1.1B |
SIX CONTINENTS HOTELS, INC.GA · 582283470-003 | SageView | $1.0B |
BOARD OF TRUSTEES, CALIFORNIA IRON WORKERS FIELD DEFINED CONTRIBUTIONCA · 953304279-001 | RVK, Inc. | $1.0B |
BOARD OF TRUSTEES MASON TENDERS DISTRICT COUNCIL ANNUITY FUNDNY · 136358540-076 | Janus Henderson Investors | $913M |
BLUE CROSS AND BLUE SHIELD ASSOCIATIONIL · 135656874-002 | SS&C Technologies | $425M |
AZUSA PACIFIC UNIVERSITYCA · 951744369-001 | TIAA | $294M |
MILEONE AUTOGROUP, INC.MD · 881426077-001 | Empower | $166M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDNY · 133604862-001 | $16.9B | 296,800 | $173,572 | 6y | - |
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONVA · 530116145-444 | $16.8B | 80,475 | $28,078 | 3y | 1 |
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONVA · 530116145-333 | $11.5B | 75,823 | $30,519 | 3y | - |
ADP TOTALSOURCE GROUP, INC.FL · 592452823-001 | $9.2B | 335,802 | $7M | 9y | 1 |
NEW ENGLAND TEAMSTERS PENSION FUNDMA · 046372430-001 | $9.1B | 71,331 | $12,800 | 1y | - |
METLIFE GROUP, INC.NJ · 550790010-001 | $7.9B | 13,404 | $621,362 | 7y | - |
STEELWORKERS PENSION TRUSTPA · 236648508-499 | $7.2B | 123,674 | $9,496 | 5y | - |
DANAHER CORPORATIONDC · 591995548-004 | $6.5B | 37,514 | $58,834 | 10y | 2 |
CORNING INCORPORATEDNY · 160393470-002 | $4.1B | 16,330 | $27,000 | 2y | 1 |
EXCAVATORS UNION PENSION FUND LOCANY · 131809825-002 | $3.0B | 11,892 | $99,499 | 5y | - |
Flag exposure
83.9%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (105)
Raw Schedule C names collapsed into ADP.
- ABBEY SKIPPER
- ABBOT CAPITAL
- ABBOT, JORDAN & KOON
- ABBOTT & REISS, P.C.
- ABBOTT CAPITAL MANAGEMENT
- ABBOTT CAPITAL MANAGEMENT LLC
- ABBOTT LIVINGS SMITH AND HIGGINS P.
- ABBOTT LIVINGS SMITH AND HIGGINS PC
- ABBOTT LIVINGS SMITH HIGGINS PC
- ABBOTT, FRENYEA & RUSSELL CPA
- ABBOTT, FRENYEA & RUSSELL, CPA
- ABBOTT, LIVINGS, SMITH & HIGGINS
- ABBOTT, LIVINGS, SMITH & HIGGINS PC
- ABBY CAPITAL FUNDS
- ABBY KAPLAN
- ABC
- ABC ASSOCIATES
- ABC FINE WINE
- ABCDKESTRA INVESTMENT SERVICES LLC
- ABCM CORPORATION
- ABCO, EICK & MEYERS LLP
- ABD
- ABD INSURANCE & FINANACIAL SERVICES
- ABD RET SVCS INC/C.CALL/A/FISSEHA
- ABD RETIREMENT SERVICES INCQ
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for ADP's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 116 | 2.79% | 7.76% | -4.98 pp |
| Fidelity bond gap | 1,149 | 27.60% | 26.94% | +0.66 pp |
| Late contributions | 481 | 11.55% | 1.71% | +9.84 pp |
| Failed to provide benefit | 2 | 0.05% | 0.14% | -0.09 pp |
| Corrective distributions | 1,397 | 33.56% | 1.76% | +31.80 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with ADP. Compare to the incumbent market share (6.2%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-6.2 pp vs incumbent
Frequent partners by role
Who else shows up on ADP's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| Global Retirement Partners LLC | 169 | 4.1% |
| Resources Investment Advisors | 71 | 1.7% |
| Kestra Advisory Services | 69 | 1.7% |
| Mesirow Financial | 54 | 1.3% |
| Pensionmark Financial Group | 49 | 1.2% |
| Creative Planning | 41 | 1.0% |
| 401(k) Advisors Inc | 37 | 0.9% |
| Ameriprise Financial | 36 | 0.9% |
| Gallacher Benefits Services Inc | 36 | 0.9% |
| Northwestern Mutual Wealth Management Company | 29 | 0.7% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).