American Century, ADP Form 401(k) Alliance
October 25, 1999
American Century Investments of Kansas City, Mo. has teamed up with Automatic Data Processing of Roseland, N.J. to provide 401(k) plans to small businesses.
The new plans will be available to companies with fewer than 500 employees. ADP will be providing the enrollment and record-keeping services and sales support to brokers. Plan participants will be able to choose from eight American Century or J.P. Morgan funds.