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ADP has launched a new 401(k) administration tool to give plan sponsors more flexibility in paying their plan fees and expenses. Called ADP ACCESS FlexAccount, the program gives plan sponsors the ability to choose how they would like to pay plan fees and expenses. Service fees that are paid to ADP from the various plan investment options can be credited to the ADP ACCESS FlexAccount. Alternatively, a company may have a service fee charged to its plan’s participant accounts – known as a “fee-from-trust” transaction – and credited to the ADP ACCESS FlexAccount. 

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