Is ADP a trust company?
Automatic Data Processing is not structured as a trust company, bank, or fiduciary financial institution, functioning instead as a premier provider of human capital management and business outsourcing solutions. While its payroll processing and tax filing operations require it to handle vast sums of client funds securely—often moving money between employers and tax authorities or employees—its core legal and operational identity remains that of a business services and software corporation rather than a chartered trust or banking institution.
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