ADP to Provide Mesirow Financial Fiduciary Service to Clients

ROSELAND, N.J., Oct. 3, 2011 /PRNewswire/ -- ADP®, a leading provider of human resource outsourcing, payroll services, tax and compliance services, benefits administration and integrated computing solutions for vehicle dealers, today announced it will make available Mesirow Financial's Fiduciary Partnership service to its Retirement Services clients to help them  better manage fiduciary liability and mitigate risk.  

"Investment decisions hold retirement plan sponsors to extraordinary accountability," said John Guido, division vice president of ADP Retirement Services. "Partnering with the right investment advisor—especially one that helps manage fiduciary liability while offering independent, objective investment expertise and the highest standards of due diligence—is a critical step for plan sponsors and other plan fiduciaries in protecting both  their participants and themselves.  ADP Retirement Services is pleased to work with Mesirow Financial to provide our clients with access to these services," Guido added.

This new service will be made available to all plan sponsors using the popular ADP Access® 401(k) product, providing another valuable tool that sponsors and financial advisors have come to expect with ADP's retirement solutions.  The addition of access to Mesirow Financial's services only enhances these solutions.  

Mesirow Financial, a diversified financial services firm headquartered in Chicago, created the Mesirow Financial Fiduciary Partnership Service program to address the growing need for third-party fiduciary assistance.  As part of ADP's suite of plan support services that it makes available to its clients, Mesirow Financial will provide plan sponsors with viable, flexible fiduciary solutions, including:

• Mesirow Financial Plan Sponsor Agreement: Reliance on decisions backed by the resources to protect the plan sponsor from third-party lawsuits
• Mesirow Financial Elite List:  Access to lineups based on a broad, menu-driven list of investment options across many asset classes for which Mesirow Financial takes fiduciary responsibility  
• Suggested Investment Option Lineups: Optional plan-demographic-based lineups built by Mesirow Financial
• Mesirow Financial POLICE Report®: Quarterly, six-category reporting watch list that keeps sponsors and advisors informed about key issues concerning the investment options in their lineup  

"Mesirow Financial is very excited to work with ADP by offering its clients investment fiduciary assistance," said Michael Annin, senior managing director and head of the Investment Strategies group at Mesirow Financial. "Our services will provide ADP Retirement Services' clients and their financial advisor partners with investment due diligence solutions that are especially relevant in today's regulatory environment."  

For more information about ADP Retirement Service offerings, visit www.adp.com/solutions/employer-services/retirement-services.aspx.

About Mesirow Financial

The Investment Strategies group at Mesirow Financial is an independent, third-party investment consultant that provides robust asset allocation strategies and fund selection to defined contribution providers, insurance companies, broker/dealers and mutual fund companies. Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees in locations across the country and in London. The firm is well capitalized and has been consistently profitable, with capital of $302 million, revenues totaling $510 million for fiscal 2011 and $57.3 billion in assets under management, of which $28.7 billion are in currency and commodities as of June 30, 2011. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, please visit mesirowfinancial.com.

About ADP

Automatic Data Processing, Inc. (NASDAQ: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll services, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.

SOURCE Automatic Data Processing, Inc. (ADP)