Vendor Analysis
published on Apr 27, 2015
Report Overview:
ADP is a U.S. headquartered benefits administration provider whose heritage stems from payroll processing.
Who is this Report for:
NelsonHall's H&W Services Vendor Assessment for ADP is a comprehensive assessment of ADP's H&W offering and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of H&W and identifying vendor suitability for H&W RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the H&W sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of ADP's H&W offering, capabilities, and market and financial strength, including:
- Identification of the company's strategy, emphasis, and new developments
- Analysis of the company's strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company's customer base including the company's targeting strategy and examples of current contracts
- Analysis of the company's offerings and key service components
- Analysis of the company's delivery organization including the location of delivery locations.
Key Findings & Highlights:
The company's H&W service offering includes H&W administration, spending account administration (including FSAs, HSAs, HRAs, and commuter benefits), COBRA administration, and leave administration.
Other services that can be included within its H&W offering include dependent verifications, total compensation statements, carrier enrollment, employee communications, health and wellness services, and strategic advisory services.
In general, ADP primarily targets mid-market organizations with 500 - 10k employees in the U.S., with minimal activity in Canada.
ADP serves ~8.3m H&W participants and ~12.5m lives. Approximately 3m participants came from SHPS.
