Retirement plan

AUTOMATIC DATA PROCESSING, INC. RETIREMENT AND SAVINGS PLAN

Name: AUTOMATIC DATA PROCESSING, INC. - AUTOMATIC DATA PROCESSING, INC. RETIREMENT AND SAVINGS PLAN (2018) Form 5500
Creator: AUTOMATIC DATA PROCESSING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTOMATIC DATA PROCESSING, INC. RETIREMENT AND SAVINGS PLAN, AUTOMATIC DATA PROCESSING, INC.

AUTOMATIC DATA PROCESSING, INC.EIN 22-1467904Plan #002PY 2018

ONE ADP BOULEVARD, MAIL STOP 433 - ROSELAND, NJ 070681728973-974-5000LinkedIn1-10 employeesmotion pictures and film

Other plans on this EIN

1 filing

#001Retirement-$1.66B assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed January 18, 2001 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$3834.1M

-8.7% from 2016

Total participants

45,071

-5.8% from 2016

Average account balance

$88,803

-3.5% from 2016

Annual return

-6.20%

-8.65 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2018

Participant deferral / active EE

$7,979

median $5,352

Employer contribution / active EE

$3,460

median $2,379

Participation rate

94.1%

median 89.9%

Avg account balance

$88,803

median $82,940

Admin fee / account holder

$159

median $64

Annual return

-6.20%

median -4.80%

Overall peer rank

45of 100

45th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$7.26B

Average account balance

Total assets / participants with a balance (line 6g)

$162K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

44,749

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.6%

Contributions (total)

Employer and participant dollars contributed each year

$545.37M

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.66%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$105

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
AMERICAN CENTURY4+ years Service code 28 · EIN 44-0619208	Investment Management	$1,918,054
COLUMBIA4+ years Filed as: COLUMBIA MANAGEMENT ADVISORS LLC Service code 28 · EIN 94-1687665	Investment Management	$1,148,064
IVY FUNDS3 years Filed as: IVY INVESTMENT Service code 28 · EIN 48-1106973	Investment Management	$1,119,833
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INSTITUTIONAL ASSET MGT Service code 28 · EIN 04-3532603	Investment Management	$1,032,359
MORGAN STANLEY SMITH BARNEY4+ years Filed as: JP MORGAN Service code 19 · EIN 13-3200244	Securities Custodian	$964,229
RIDGEWORTH4+ years Filed as: SEIX ADVISORS Service code 28 · EIN 13-3673813	Investment Management	$254,082
MERCER4+ years Service code 16 · EIN 61-0736136	Consulting	$184,013
WINSTON & STRAWN LLP1 year Filed as: WINSTON AND STRAWN LLP Service code 29 · EIN 36-1975990	Legal	$138,667
COHNREZNICK LLP4+ years Service code 10 · EIN 22-1478099	Accounting	$46,116
NORTHERN TRUST COMPANY4+ years Filed as: NORTHERN TRUST Service code 28 · EIN 36-3608252	Investment Management	$22,063

Plan features & details

Pension benefit codes2E2G2J2K2O2S2T3H3J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6.8M

$213 / participant

Investment mgmt$7M100.0%

% of EOY assets

0.179%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,803

$94,115-5.6%

$83,327+6.6%

$73,367+21.0%

Participation rate

94.1%

83.7%+10.4pp

77.8%+16.3pp

69.5%+24.6pp

Annual return

-6.20%

-6.12%-0.1pp

10.64%-16.8pp

173.45%-179.7pp

Employer contribution / active EE

$3,460

$2,931+18.0%

$3,379+2.4%

$2,499+38.5%

Participant deferral / active EE

$7,979

$6,759+18.0%

$5,565+43.4%

$4,033+97.9%

Admin fee / account holder

$159

$75+111.0%

$7,540-97.9%

$68+131.9%

Provider

Service type

Compensation

AMERICAN CENTURY4+ years

Service code 28 · EIN 44-0619208

Investment Management

$1,918,054

COLUMBIA4+ years

Filed as: COLUMBIA MANAGEMENT ADVISORS LLC

Service code 28 · EIN 94-1687665

Investment Management

$1,148,064

IVY FUNDS3 years

Filed as: IVY INVESTMENT

Service code 28 · EIN 48-1106973

Investment Management

$1,119,833

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INSTITUTIONAL ASSET MGT

Service code 28 · EIN 04-3532603

Investment Management

$1,032,359

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: JP MORGAN

Service code 19 · EIN 13-3200244

Securities Custodian

$964,229

RIDGEWORTH4+ years

Filed as: SEIX ADVISORS

Service code 28 · EIN 13-3673813

Investment Management

$254,082

MERCER4+ years

Service code 16 · EIN 61-0736136

Consulting

$184,013

WINSTON & STRAWN LLP1 year

Filed as: WINSTON AND STRAWN LLP

Service code 29 · EIN 36-1975990

Legal

$138,667

COHNREZNICK LLP4+ years

Service code 10 · EIN 22-1478099

Accounting

$46,116

NORTHERN TRUST COMPANY4+ years

Filed as: NORTHERN TRUST

Service code 28 · EIN 36-3608252

Investment Management

$22,063

AUTOMATIC DATA PROCESSING, INC. RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTOMATIC DATA PROCESSING, INC. RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion