Products April 12, 2011

ADP Promotes Online Payroll System for Small Businesses

April 12, 2011 (PLANSPONSOR.com) - More than 100,000 small business owners are now using ADP’s online payroll management solution, RUN Powered by ADP.
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According to a press release, RUN allows small businesses to manage their payroll over a secure, Web-based platform to process payroll for employees and contractors.  It also helps to reduce risk by assisting them with best practices for HR compliance, including employee policy handbooks, hiring guidelines and employment law tips and alerts.  

With RUN, clients can: 

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  • Enter and review payroll information for employees and contractors;  
  • Pay via checks or direct deposits;  
  • Calculate earnings and deductions as well as federal, state and local taxes;  
  • Review hours and earnings to confirm accuracy before payroll is processed;  
  • Preview payroll liability and cash required, and confirm funds to be withdrawn;  
  • Review reports from the current and previous periods in real time; and  
  • Access HR411, a suite of tools to help better manage HR needs. 

 

 

RUN is available on iPhones, iPads and iPods, with Android and RIM-compatible versions scheduled to be released in the near future.
Deals and People April 12, 2011

Russell Expands Hedge Fund Team

April 12, 2011 (PLANSPONSOR.com) - Russell Investments is expanding its hedge fund team with the addition of Brian Burke as risk management officer and Lance Babbit as senior portfolio manager, hedge funds.
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In his new position, Burke will be responsible for analyzing market risk exposures in individual alternative investment manager portfolios, as well as aggregate Russell fund of funds portfolios. As a senior portfolio manager, Babbit will oversee the firm’s multi-strategy hedge fund of funds portfolios, both custom and commingled, for institutional and private clients.   

Both will be based in Russell’s New York office and will report to Ed Robertiello, managing director, hedge funds. The hedge fund team includes 13 professionals with experience working at pension funds, funds of hedge funds, direct hedge funds and trading firms.   

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According to a press release, Burke brings to the team nearly 10 years of experience in providing risk services to institutional investors in hedge funds and other alternative investments. Most recently he was executive director and head of the analyst team at Measurisk, a risk analytical system for hedge funds.   

Babbit joins Russell from Credit Suisse Group where he was director, head of North America portfolio hedge fund of funds in the Alpha Strategies Group.

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