Retirement
What are the 3 R's of retirement?
Reduce, Retain, Retire
ADP is a carrier or broker?
Broker!
You meet a prospect who tells you they haven't looked at their invoice in 5 years. What is one thing Paychex is known for you should mention/look for on the NN?
Honeymoon Pricing!!! ADP could never
What is the legislation change that recently went into effect that affects overtime tracking?
One big beautiful bill
Who is ADP's CEO?
Maria Black
What law was passed in 2022 that incentivizes small business to start retirement plans?
Secure Act 2.0
ADP can BOR which carriers?
United, Aetna, BCBS, Nationwide Allstate
How much does a client get in referral credits if they refer a business to Paychex?
$200
What does TLM stand for?
Time & Labor Management
Who currently holds the record for fastest to DM in Houston??
Frida Mitterhofer
What is the annual public filing that gives insight into performance of the plan as well as the name of the signer on a 401(k)?
Form 5500
What does BOR stand for?
Broker of Record
What does Paychex charge their 401(k) clients that ADP does not?
Asset Based Fees!
What options does ADP offer for employees to clock in/out?
Fingerscanner, facescanner, pin code
What is Hunter Wade's youngest daughter's name?
Molly Wade
What does Paychex charge their 401(k) clients that ADP does not?
Asset Based Fees
Payroll clients will recieve free benefit administration software through what software if ADP is the broker on their health policy?
EASE/Employee Navigator
Who does Paychex partner up with for recruiting/job postings?
Indeed
How long do employers have to keep auditable time records for to avoid fines?
2 years
How long has Jaime Sellman been working for ADP?
Almost 9 years!!!