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ADP Creates Retirement Services Division

Automatic Data Processing of Roseland, N.J., has formed a new division to provide an array of retirement plan programs for mutual fund companies. The new division, ADP Retirement Services, will provide record-keeping and administration services to investment companies of all sizes, said Russ Fradin, president of ADP Employer Services for North America.

The new division will also offer reporting and compliance testing, enrollment and employee communications services.