UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004

FORM 11-K

  X   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2013

OR

____ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from ______ to ______.

Commission file number(s): 333-110395, 333-75468, 333-90540 and 333-146565

AUTOMATIC DATA PROCESSING, INC.
   RETIREMENT AND SAVINGS PLAN   
(Full title of the plan and the address of the plan, if
different from that of the issuer named below)

Automatic Data Processing, Inc.
One ADP Boulevard, Roseland, New Jersey 07068
(Name of issuer of the securities held pursuant to
the plan and the address of its principal
executive office)

Notices and communications from the Securities and Exchange Commission
Relative to this report should be forwarded to:

Michael A. Bonarti
Corporate Vice President, General Counsel and Secretary
Automatic Data Processing, Inc.
One ADP Boulevard
Roseland, New Jersey 07068

AUTOMATIC DATA PROCESSING, INC.
RETIREMENT AND SAVINGS PLAN
TABLE OF CONTENTS

			
TABLE OF CONTENTS	 	 	
 	 	 	
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	 	1	
 	 	 	
FINANCIAL STATEMENTS	 	 	
 	 	 	
Statements of Net Assets Available for Benefits as of December 31, 2013 and 2012	 	2	
 	 	 	
  Statement of Changes in Net Assets Available for Benefits
   For the Year Ended December 31, 2013	 	3	
 	 	 	
  Notes to Financial Statements as of December 31, 2013 and 2012 and
   for the Year Ended December 31, 2013	 	4	
 	 	 	
SUPPLEMENTAL SCHEDULES:	 	 	
 	 	 	
  Form 5500, Schedule H, Part IV, Line 4a- Schedule of Delinquent Participant
  Contributions - Year Ended December 31, 2013	 	14	
 	 	 	
  Form 5500, Schedule H, Part IV, Line 4i-Schedule of Assets (Held at End of Year)
  As of December 31, 2013	 	15	
 	 	 	
SIGNATURE	 	32	
 	 	 	
Exhibit 23 Consent of Independent Registered Public Accounting Firm	 	33	

All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Trustees and Participants of
Automatic Data Processing, Inc.
Retirement and Savings Plan

We have audited the accompanying statements of net assets available for benefits of Automatic Data Processing, Inc. Retirement and Savings Plan (the "Plan") as of December 31, 2013 and 2012, and the related statement of changes in net assets available for benefits for the year ended December 31, 2013. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of Automatic Data Processing, Inc. Retirement and Savings Plan as of December 31, 2013 and 2012, and the changes in its net assets available for benefits for the year ended December 31, 2013, in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of delinquent participant contributions for the year ended December 31, 2013 and schedule of assets (held at end of year) as of December 31, 2013 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ CohnReznick LLP

Roseland, New Jersey
June 23, 2014

1

	
				
AUTOMATIC DATA PROCESSING, INC.	 	 	
RETIREMENT AND SAVINGS PLAN	 	 	 	
 	 	 	 	
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS	 	 	
DECEMBER 31, 2013 AND 2012	 	 	 	
 	 	 	 	
 	2013	 	2012	
ASSETS	 	 	 	
 	 	 	 	
CASH	 $ 157	 	 $ 1,503	
INVESTMENTS (Notes 3 and 4):	 	 	 	
Participant directed investments, at fair value	      3,456,732,023	 	       2,732,406,153	
 	 	 	 	
RECEIVABLES:	 	 	 	
Notes receivable from participants	          86,740,438	 	           78,072,952	
Interest and dividends receivable	            4,748,961	 	             4,347,789	
Broker receivable for securities sold	            2,605,196	 	             2,514,316	
Participant contributions receivable	            1,053,719	 	             1,008,457	
Employer contribution receivable	              434,889	 	                425,248	
 	 	 	 	
TOTAL RECEIVABLES	          95,583,203	 	           86,368,762	
 	 	 	 	
TOTAL ASSETS	      3,552,315,383	 	       2,818,776,418	
 	 	 	 	
LIABILITIES	 	 	 	
 	 	 	 	
Broker payable for securities purchased	            5,052,615	 	           16,283,216	
Accrued expenses	            1,973,252	 	             2,458,501	
 	 	 	 	
TOTAL LIABILITIES	            7,025,867	 	           18,741,717	
           	 	 	 	
NET ASSETS AVAILABLE FOR BENEFITS	 $ 3,545,289,516	 	 $ 2,800,034,701	
 	 	 	 	
See notes to financial statements.	 	 	 	

2

	
				
AUTOMATIC DATA PROCESSING, INC.	 	
RETIREMENT AND SAVINGS PLAN	 	
 	 	
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS	
FOR THE YEAR ENDED DECEMBER 31, 2013	2013	
 	 	
Contributions:	                             		
Participant	 $ 213,580,155		
Employer	            77,611,420		
          Total contributions	           291,191,575		
 	 	
   Investment income:	 	
   Net appreciation in fair value of investments (Note 3)	           616,990,569		
   Dividend income	            29,122,634		
   Interest income	              1,026,228		
          Total investment income	           647,139,431		
   Interest income on notes receivable from participants	              3,424,932		
 	 	
Benefits paid to participants	(186,761,045	)	
Administrative and general expenses	             (9,740,078)		
 	 	
NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS	745,254,815		
 	 	
NET ASSETS AVAILABLE FOR BENEFITS:	 	
Beginning of year	        2,800,034,701		
 	 	
End of year	$	3,545,289,516		
 	 	
See notes to financial statements.	 	

3

AUTOMATIC DATA PROCESSING, INC.
RETIREMENT AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2013 AND 2012
AND FOR THE YEAR ENDED December 31, 2013

1.	DESCRIPTION OF PLAN	
The following description of the Automatic Data Processing, Inc. Retirement and Savings Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
The Plan is administered by a three-member committee (the “Plan Administrator”) appointed by the Board of Directors of Automatic Data Processing, Inc. (“ADP”, the “Company” or the “Plan Sponsor”). JPMorgan Chase Bank, N.A. (“JPMorgan”) serves as custodian of the Plan.
General - The Plan is a defined contribution plan established January 1, 1984 available to all eligible employees of the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Contributions -
Participant Contributions -As defined in the Plan document, participating employees who are deemed non-highly compensated (employees earning less than $115,000 in 2012), can contribute up to 35% (50% beginning January 1, 2013) of their compensation, subject to the maximum deferral limits under the Internal Revenue Code (“IRC”) (and certain special limits for Puerto Rico residents participating in the Plan). Participating employees earning more than these amounts (“Highly Compensated Employees”) can only contribute up to the amount determined by the Plan Administrator annually (10% of their compensation prior to January 1, 2013 and 12% thereafter). Participants who have attained age 50 before the close of the Plan year are eligible to make additional contributions (“Catch-Up Contributions”) up to the amount of $5,500 for 2013. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (“rollover contributions”). Unless employees elect otherwise, they are automatically enrolled as participants in the Plan after sixty days of employment at a deferral rate of 3% of compensation.  These contributions will be invested in the JPMorgan SmartRetirement Fund that corresponds to their estimated retirement date. Effective January 1, 2013, certain employees who were hired before January 1, 2007 and were not contributing to the Plan as of October 31, 2012, were automatically enrolled as participants in the Plan at a deferral rate of 1% of compensation. These contributions will also be invested in the JPMorgan SmartRetirement Fund that corresponds to their estimated retirement date. Effective January 1, 2014, certain participants who were contributing between 1% and 5% of their compensation to the Plan as of November 1, 2013 were automatically enrolled in the SaveSmart auto-escalation feature of the Plan on January 1, 2014.  Under the SaveSmart feature, each participant will have their contribution rate automatically increased by 1% each January until their contribution rate reaches 6%. Participant contributions during the year ended December 31, 2013 include $17,044,359 of rollover contributions.
Matching Employer Contributions -The Company contributes an amount equal to 50% of the first 6% of each participant’s salary deferral election to the Plan. Once a participant has contributed to the Plan for 60 months, the Company’s matching contribution increases to an amount equal to 70% of the first 6% of a participant’s salary deferral election. Participants must be actively employed on December 31 of a given year to receive the matching contribution for that year. Matching contributions are not made on the employee catch-up contributions.

4

Limitations- In addition, there are contribution limitations set forth in the IRC, which the Plan must satisfy.
Participant Accounts- Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contribution, the Company’s matching contribution, and an allocation of Plan gains or losses. Account balances are valued at fair market value, and are adjusted daily to reflect the net investment income of Plan investments. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Investments - Investments in the Plan consist of various investments which include the ADP Stock Fund, separately managed accounts, commingled trusts, mutual funds, and money market funds.
The Seix Intermediate Bond Fund, the Columbia Dividend Value Fund, the Montag & Caldwell Large Cap Growth Fund, the American Century Small Cap Value Fund, the BNY Mellon Small-Cap Equity Transition Fund, and the BNY Mellon International Equity Transition Fund are separately managed accounts with underlying investments that include investments in publicly traded common stock, government bonds, corporate bonds and various other bond issues. The Northern Trust S&P 500 Index Fund, the JPMorgan SmartRetirement Income Fund, the JPMorgan SmartRetirement 2010 Fund, the JPMorgan SmartRetirement 2015 Fund, the JPMorgan SmartRetirement 2020 Fund, the JPMorgan SmartRetirement 2030 Fund, the JPMorgan SmartRetirement 2040 Fund, the Pyramis Select International Plus Commingled Pool, and the ING Small-Cap Growth Fund are commingled trusts. The Goldman Sachs Financial Square Government Fund is a money market fund.
Participants direct the investment of their contributions and matching employer contributions into the 15 various investment options offered by the Plan. Matching contributions are deposited into participants’ accounts each pay period and are made pursuant to their individual investment election on file at that time.
Vesting - Participants are immediately vested in their contributions, including salary deferral and rollover contributions. Matching Company contributions are vested as follows:
Less than two years of service from date of hire              0%
Two but less than three years of service from date of hire          50%
Three or more years of service from date of hire              100%
Payment of Benefits - In general, employee and employer contributions must remain in the Plan until the later of the attainment of age 65 or the end of employment. The employee may elect to begin taking in-service distributions anytime after the attainment of age 70. Effective January 1, 2014, participants who have not terminated employment and have attained age 59-1/2 may elect to begin taking in-service distributions.

Upon termination of service, a participant can receive a lump-sum amount equal to the value of the vested portion of his or her account. Alternatively, he or she can elect to defer payment if the total of the participant’s vested account balance is more than $1,000. The balance in the participant’s ADP Stock Fund account can be distributed as whole shares of Company common stock (“Company Stock”) or as cash equivalent to the fair market value of the Company Stock at the date of distribution. The Plan was amended to reflect certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001. Pursuant to this amendment, if the total of the participant’s vested account balance is more than $1,000 but less than or equal to $5,000 on termination of service, and the participant has not elected to receive a lump-sum amount, ADP will automatically roll over the vested account balance to an individual retirement account (“IRA”) established with The Bancorp Bank. Fees and expenses for the IRA will be charged against a participant’s account unless he or she contacts the IRA provider and requests to make payment of the fees out-of-pocket. 

5

Forfeitures - Upon termination of a participant’s employment for reasons other than death before the attainment of age 65, the participant will be entitled to receive the vested portion of their account balance. The nonvested portion of the participant’s account balance will be forfeited, and will be used to pay Plan expenses as well as to reduce the amount of future Company contributions pursuant to the Plan document. The amount of unused forfeitures as of December 31, 2013 and 2012 amounted to $2,121,531 and $2,184,463, respectively. For the year ended December 31, 2013, amounts used to pay administrative expenses amounted to $1,221,772 , and the amount used to reduce employer contributions was $3,409,351.
Notes Receivable from Participants - Plan participants may borrow funds from their account up to a maximum of $50,000 or 50% of their account balances, whichever is less, subject to certain limits and conditions. Outstanding loans are secured by the participant’s interest in the Plan and bear interest at rates ranging from 4.25% to 10.5%, which are commensurate with local prevailing rates at the time funds are borrowed, as determined by the Plan Administrator. Loans are generally repaid through payroll deductions or, at the option of the participant, may be prepaid in total. Participants’ loan repayments and any interest due are paid into the participants’ account.
Employee Stock Ownership Plan Component - The Plan was amended effective January 1, 2002, to designate a portion of the Plan as an employee stock ownership plan (“ESOP Component” or “ESOP”) which was designed to comply with IRC Section 4975 (e) (7) and the regulations thereunder, and Section 407(d) (6) of ERISA. The ESOP is defined as the portion of the Plan derived from (a) account balances invested in Company Stock and (b) all contributions made to the Plan after December 31, 2001 as further defined in the Plan amendment. The principal purpose of the ESOP Component is to provide participants an ownership interest in the Company. The following includes main highlights of the ESOP Component. Participants should refer to the Plan document for more information.
Investments in Company Stock - The ESOP Component will be invested primarily in Company Stock. Purchases of Company Stock may be made in the open market or, to the extent permitted by law, directly from the Company or shareholders of the Company. All purchases of Company Stock shall be made at prices that do not exceed the fair market value of such Company Stock, as determined by the Plan custodian at the time of purchase.

Dividends on Company Stock - Dividends paid by the Company with respect to shares of Company Stock held by the ESOP Component shall either be paid in cash directly to the participants, or pursuant to the participant’s election, dividends can be reinvested in the ESOP Component. All cash dividends are paid out on a quarterly basis.  If an election is made by a participant to receive a distribution in cash of dividends paid on Company Stock, then such dividends shall be held in a money market fund pending distribution.

Vesting - A participant will be 100% vested in their salary deferral and rollover contribution accounts and in any dividends paid on or after April 1, 2002 on Company Stock held in accounts.

Payment of Benefits - Payments to participants from the ESOP Component will be made in accordance with provisions as stated in the Plan document and amendments thereto regarding the payment of benefits from the Plan.

		
2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	
The following are the significant accounting policies followed by the Plan:
Basis of Accounting - The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
Use of Estimates -The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and assumptions that

6

affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risk and Uncertainties - The Plan utilizes various investment instruments including U.S. Government agency securities, debt securities of companies with strong credit ratings from a variety of industries, and in various equity securities, including Company Stock. Investment securities, in general, are exposed to various risks, such as interest rate, credit and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
Income Recognition - Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
For the Columbia Dividend Value Fund, the Goldman Sachs Financial Square Government Fund, and the ING Small-Cap Growth Fund, management fees and operating expenses are reflected in the net asset value of the funds on a daily basis and are not reflected separately.  Management fees for the separately managed accounts and commingled trusts are accrued on   a daily basis, reflected in the daily unitized price, and paid on a quarterly basis. Consequently, management fees are reflected as a reduction of investment return for such investments.
Fair Value of Investments - See Note 4 - “Fair Value Measurements.”
Fair Value of Other Financial Instruments - The carrying amount of receivables and liabilities approximates fair value.
Notes Receivable from Participants - Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. No allowance for credit losses has been recorded at December 31, 2013 or 2012.
Payment of Benefits - Benefits payments to participants are recorded upon distribution. At December 31, 2013 and 2012, amounts allocated to accounts of individuals who had elected to withdraw but had not yet been paid totaled $1,097,354 and $39,088, respectively.
Reclassifications - Certain reclassifications of prior year amounts have been made to conform to the current year presentation.

7

	
							
3.	INVESTMENTS	 	 	 	 	
 	 	 	 	 	 	
 	The investments of the Plan as of December 31, 2013 and 2012 are summarized as follows:	 	 	 	
 	 	 	 	 	 	
 	Investments, at fair value:	2013	 	2012	 	
 	 	 	 	 	 	
 	    ADP Stock Fund, 5,586,734 shares and 5,664,893 shares, respectively	 $ 452,605,094		 *	 $ 325,019,168	 *	
 	    Northern Trust S&P 500 Index Fund	           360,409,415		 *	           255,518,328	 *	
 	    Columbia Dividend Value Fund	           332,660,982		 	           253,895,871	 	
 	    ING Small-Cap Growth Fund	           291,853,208		 *	           205,038,733	 *	
 	    Pyramis Select International Plus Commingled Pool	           264,516,633		 *	           216,154,505	 *	
 	    Seix Intermediate Bond Fund	           258,134,964		 	           292,052,385	 	
 	    Montag & Caldwell Large Cap Growth Fund	           240,945,166		 	           183,208,407	 	
 	    JPMorgan SmartRetirement 2030 Fund	           235,134,753		 *	           170,528,811	 *	
 	    Goldman Sachs Financial Square Government Fund	           228,449,792		 *	           225,978,241	 *	
 	    JPMorgan SmartRetirement 2020 Fund	           219,712,168		 *	           174,672,892	 *	
 	    American Century Small Cap Value Fund	           216,613,022		 	           151,167,378	 	
 	    JPMorgan SmartRetirement 2040 Fund	           198,669,492		 *	           133,489,804	 	
 	    JPMorgan SmartRetirement 2015 Fund	            82,837,561		 	            72,617,547	 	
 	    JPMorgan SmartRetirement Income Fund	            45,095,317		 	            40,160,925	 	
 	    JPMorgan SmartRetirement 2010 Fund	            29,094,456		 	            32,784,171	 	
 	    BNY Mellon International Equity Transition Fund	—		 	                  61,298	 	
 	    BNY Mellon Small-Cap Equity Transition Fund	—		 	                  57,689	 	
 	Total Investments	 $ 3,456,732,023		 	 $ 2,732,406,153	 	
 	 	 	
 	* Investments held that represent 5% or more of the Plan’s net assets available for benefits at the end of each of the respective years. For separately managed accounts (Seix Intermediate Bond Fund, Columbia Dividend Value Fund, Montag & Caldwell Large Cap Growth Fund, American Century Small Cap Value Fund, BNY Mellon Small-Cap Equity Transition Fund, and BNY Mellon International Equity Transition Fund), underlying investments are used to make such determination.	 	

3. INVESTMENTS (continued)
During the year ended December 31, 2013, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows:

8

	
		
Investment Earnings	2013	
 	 	
    ADP Stock Fund	 $ 133,227,631	
    Northern Trust S&P 500 Index Fund	            85,177,101	
    ING Small-Cap Growth Fund	            80,819,875	
    Columbia Dividend Value Fund	            66,305,620	
    American Century Small Cap Value Fund	            52,926,639	
    Montag & Caldwell Large Cap Growth Fund	            49,192,003	
    JPMorgan SmartRetirement 2030 Fund	            39,732,631	
    Pyramis Select International Plus Commingled Pool	            36,769,366	
    JPMorgan SmartRetirement 2040 Fund	            36,591,529	
    JPMorgan SmartRetirement 2020 Fund	            28,484,582	
    JPMorgan SmartRetirement 2015 Fund	              8,954,936	
    JPMorgan SmartRetirement Income Fund	              3,937,176	
    JPMorgan SmartRetirement 2010 Fund	              2,976,389	
    Goldman Sachs Financial Square Government Fund	                    8,196	
    BNY Mellon International Equity Transition Fund	                       200	
    BNY Mellon Small-Cap Equity Transition Fund	                   (1,713)	
    Seix Intermediate Bond Fund	             (8,111,592)	
    Net appreciation in fair value of investments	 $ 616,990,569	

4. FAIR VALUE MEASUREMENTS
The Plan applies the guidance in Accounting Standards Codification (“ASC”) 820.10 for assets recognized or disclosed at fair value on a recurring basis. The guidance in ASC 820.10 defines fair value, establishes a framework for measuring fair value, and expands the disclosures on fair value measurements. ASC 820.10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. ASC 820.10 establishes market or observable inputs as the preferred source of fair value, followed by assumptions based on hypothetical transactions in the absence of market inputs.
The valuation techniques required by ASC 820.10 are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Plan’s market assumptions. These two types of inputs create the following three-level hierarchy to prioritize the inputs used in measuring fair value. The levels within the hierarchy are described below with Level 1 having the highest priority and Level 3 having the lowest priority.

			
 	Level 1 	Fair value is determined based upon closing prices for identical instruments that are traded on active exchanges.	
  	Level 2	Fair value is determined based upon quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; or model-derived valuations whose inputs are observable or whose significant value drivers are observable.	
  	Level 3	Fair value is determined based upon significant inputs to the valuation model that are unobservable.	

9

4. FAIR VALUE MEASUREMENTS (continued)
Plan investments included in Level 1 are valued using closing prices for identical instruments that are traded on active exchanges. Plan investments included in Level 2 are valued based upon the closing price fair values of the publicly traded underlying investments.
There were no transfers in or out of Level 1 or Level 2 during the Plan years ended December 31, 2013 or 2012. The following tables present the investments of the Plan measured at fair value at December 31, 2013 and 2012. See Note 3 - “Investments” for additional disclosure related to investments.

	
						
 	As of December 31, 2013	
Asset Class	Level 1	 	Level 2	 	Total	
 	 	 	 	 	 	
Equity Securities:	 	 	 	 	 	
   ADP Common Stock	 $ 454,922,643	 	—	 	 $ 454,922,643	
   Consumer Goods	           249,453,612	 	—	 	            249,453,612	
   Manufacturing and Industrial	           193,464,681	 	—	 	            193,464,681	
   Financial Services	           150,183,294	 	—	 	            150,183,294	
   Telecommunications and Other Services	            84,981,650	 	—	 	             84,981,650	
   Energy	            65,919,628	 	—	 	             65,919,628	
   Other	              4,871,090	 	—	 	               4,871,090	
 	 	 	 	 	 	
Mutual Funds:	 	 	 	 	 	
  U.S. Equity Securities	              8,001,326	 	—	 	               8,001,326	
 	 	 	 	 	—	
Commingled Trusts	 	 	 	 	 	
  Target Date Retirement Funds	—	 	         810,543,747	 	            810,543,747	
  S&P 500 Index Funds	—	 	         360,409,415	 	            360,409,415	
  Small-Cap Growth Equity Fund	—	 	         291,853,208	 	            291,853,208	
  International Equity Fund	—	 	         264,516,633	 	            264,516,633	
 	 	 	 	 	 	
Money Markets	—	 	         265,208,647	 	            265,208,647	
 	 	 	 	 	 	
Fixed Income Securities:	 	 	 	 	 	
   U.S. Government Securities	—	 	         148,026,604	 	            148,026,604	
   Municipal Government Securities	—	 	            2,860,516	 	               2,860,516	
   AAA Corporate Bonds	—	 	               813,663	 	                  813,663	
   AA Corporate Bonds	—	 	           14,888,179	 	             14,888,179	
   A Corporate Bonds	—	 	           23,418,508	 	             23,418,508	
   Mortgage-Backed Securities	—	   	           60,058,931	 	             60,058,931	
   Asset Backed Securities	—	   	            2,336,048	 	               2,336,048	
 	 	 	 	 	 	
Total Investments	 $ 1,211,797,924	 	 $ 2,244,934,099	 	 $ 3,456,732,023	

10

4. FAIR VALUE MEASUREMENTS (continued)

	
						
 	As of December 31, 2012	
Asset Class	Level 1	 	Level 2	 	Total	
 	 	 	 	 	 	
Equity Securities:	 	 	 	 	 	
   ADP Common Stock	 $ 325,284,123	 	—	 	 $ 325,284,123	
   Consumer Goods	           179,713,932	 	—	 	            179,713,932	
   Manufacturing and Industrial	           130,998,200	 	—	 	            130,998,200	
   Financial Services	            99,552,911	 	—	 	             99,552,911	
   Telecommunications and Other Services	            72,232,027	 	—	 	             72,232,027	
   Energy	            56,907,298	 	—	 	             56,907,298	
   Other	            10,977,070	 	—	 	             10,977,070	
 	 	 	 	 	 	
Mutual Funds:	 	 	 	 	 	
  U.S. Equity Securities	              5,646,871	 	—	 	               5,646,871	
 	 	 	 	 	—	
Commingled Trusts	 	 	 	 	 	
  Target Date Retirement Funds	—	 	         624,254,149	 	            624,254,149	
  S&P 500 Index Funds	—	 	         255,518,328	 	            255,518,328	
  Small-Cap Growth Equity Fund	—	 	         205,038,733	 	            205,038,733	
  International Equity Fund	—	 	         216,154,505	 	            216,154,505	
 	 	 	 	 	 	
Money Markets	—	 	         272,824,577	 	            272,824,577	
 	 	 	 	 	 	
Fixed Income Securities:	 	 	 	 	 	
   U.S. Government Securities	—	 	         173,072,158	 	            173,072,158	
   AA Corporate Bonds	—	 	           14,868,569	 	             14,868,569	
   A Corporate Bonds	—	 	           25,081,613	 	             25,081,613	
   Mortgage-Backed Securities	—	   	           64,281,089	 	             64,281,089	
 	 	 	 	 	 	
Total Investments	 $ 881,312,432	 	 $ 1,851,093,721	 	 $ 2,732,406,153	

11

4. FAIR VALUE MEASUREMENTS (continued)
The following table presents the investments of the Plan with a reported net asset value as of December 31, 2013 and 2012:

	

 	December 31, 2013	 	December 31, 2012	 	Redemption	 	Redemption	
 	Fair Value	 	Fair Value	 	Frequency	 	Notice Period	
 	 	 	 	 	 	 	 	
Northern Trust S&P 500 Index Fund (1)	 $ 360,409,415	 	 $ 255,518,328	 	 Daily	 	 Trade date + 1	
Pyramis Select International Plus
     Commingled Pool (2)	         264,516,633	 	       216,154,505	 	 Daily	 	 Trade date + 1	
ING Small-Cap Growth Fund (3)	         291,853,208	 	       205,038,733	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement 2030 Fund (4)	         235,134,753	 	       170,528,811	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement 2020 Fund (4)	         219,712,168	 	       174,672,892	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement 2040 Fund (4)	         198,669,492	 	       133,489,804	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement 2015 Fund (4)	           82,837,561	 	         72,617,547	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement 2010 Fund (4)	           29,094,456	 	         32,784,171	 	 Daily	 	 Trade date + 1	
JPMorgan SmartRetirement Income Fund (5)	           45,095,317	 	         40,160,925	 	 Daily	 	 Trade date + 1	
Total	 $ 1,727,323,003	 	 $ 1,300,965,716	 	 	 	 	
 	 	 	 	 	 	 	 	
(1) The objective of this fund is to provide a rate of return consistent with the Standard & Poor's 500 Index.	 	 	
(2) The objective of this fund is to provide a rate of return consistent with the MSCI ACWI ex US (Net) Index.	 	
(3) The objective of this fund is to provide a rate of return consistent with the Russell 2000 Growth Index.	 	
(4) The objective of these funds is to outperform custom benchmarks of domestic and international equities, fixed income and real estate investments that have risk and return characteristics designed for investors who are expecting to retire near the applicable fund's target retirement date.	 	
(5) The objective of this fund is to outperform a custom benchmark of domestic and international equities, fixed income and real estate investments that have risk and return characteristics designed for investors who are retired or expecting to retire in the near term.	 	

5. EXEMPT PARTY-IN-INTEREST TRANSACTIONS
At December 31, 2013 and 2012, the Plan held 5,629,534 and 5,705,738 shares, respectively, of Company Stock with a cost basis of $238,198,224 and $228,942,752, respectively. For the year ended December 31, 2013, the Plan recorded dividend income in the amount of $10,055,032 from participants’ investments in the ADP Stock Fund.
Certain Plan investments are shares of mutual funds and money market funds managed by JPMorgan. JPMorgan is the custodian of the Plan.
Certain employees and officers of the Company, who may also be participants in the Plan, perform administrative services to the Plan at no cost to the Plan.
These party-in-interest transactions are not deemed prohibited because they are covered by statutory and administrative exemptions from the IRC, the rules thereunder, and from the prohibited transactions provisions of ERISA.

12

		
6.	NONEXEMPT TRANSACTIONS	
As reported on the supplemental schedule of delinquent participant contributions (Schedule H, Part IV, Line 4a), certain Plan contributions were not remitted to the trust within the timeframe specified by the Department of Labor's Regulation 29 (CFR 2510.3-102), thus constituting nonexempt transactions between the Plan and the Company for the year ended December 31, 2013. Total late participant contributions amounted to $2,777.  The Plan Sponsor remitted the late participant contributions to the Plan pursuant to the Voluntary Fiduciary Correction Program.

7.	PLAN TERMINATION	
Although the Company has not expressed any intention to do so, it has the right under the provisions of the Plan to discontinue its contributions at any time by amending or terminating the Plan subject to the provisions of ERISA. However, upon full or partial termination of the Plan, each participant who is then an employee of the Company shall become 100% vested in his or her employer matching contribution account, and shall not be subjected to forfeiture. Furthermore, no amendment shall decrease a participant’s vested interest under the Plan at the effective date of such amendment.

8.	FEDERAL INCOME TAX STATUS	
The Internal Revenue Service (“IRS”) has determined and informed the Company by letter dated November 27, 2012 that the Plan and related Trust are designed in accordance with applicable sections of the IRC. The Plan has been amended since receiving the determination letter. However, ADP and Plan management believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC, and that the Plan and related Trust continue to be tax exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
Generally Accepted Accounting Principles (United States of America) require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS.  The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.  The Plan Administrator believes the Plan is no longer subject to income tax examinations for years prior to 2010.

13

AUTOMATIC DATA PROCESSING, INC.
RETIREMENT AND SAVINGS PLAN
Plan Number 002
Plan Sponsor EIN 22-1467904

SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
(Schedule H, Part IV, Line 4a)
YEAR ENDED DECEMBER 31, 2013

Total That Constitute
Nonexempt Prohibited Transactions  

	
															
 	 	 	 	 	 	 	 	 	 	 Total Fully	
 	 	Check Here	 	 	 	Contributions	 	 	 	Corrected	
Participant	 	if Late	 	 	 	Corrected	 	Contributions	 	Under VFCP	
Contributions	 	Participant Loan	 	Contributions	 	 Outside Voluntary	 	Pending	 	and Prohibited	
Transferred	 	Repayments	 	Not	 	Fiduciary Correction	 	Correction	 	Transaction	
Late to the Plan	 	are Included	 	Corrected	 	Program (“VFCP”)	 	in VFCP	 	Exemption 2002-51	
 	 	 	 	 	 	 	 	 	 	 	
$	2,777		 	 	 	 	 	 	 	 	 	$	2,777		

See Report of Independent Registered Public Accounting Firm.

14

	
							
AUTOMATIC DATA PROCESSING, INC.	Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
ADP STOCK FUND	 	 	 	 	
Common Stock	 	 	 	 	
*AUTOMATIC DATA PROCESSING, INC. COMMON STOCK	 	Common Stock	               5,586,734	$	451,463,974		
 	 	 	 	 	
Short-Term Investment Fund	 	 	 	 	
*J.P. Morgan U.S. Government Short-Term Investment Fund	 	Money Market	               1,141,120	                               1,141,120		
 	 	 	 	 	
TOTAL ADP STOCK FUND	 	 	 	$	452,605,094		
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND	 	 	 	 	
Common Stock	 	 	 	 	
AAR CORP	 	Common Stock	                    17,800	$	498,578		
AEGEAN MARINE PETROLEUM NETWORK INC	 	Common Stock	                    82,600	                                  926,772		
AEROPOSTALE INC	 	Common Stock	                    49,200	                                  447,228		
AEROVIRONMENT INC	 	Common Stock	                    14,600	                                  425,298		
AIR METHODS CORP	 	Common Stock	                    16,600	                                  968,278		
ALBANY INTERNATIONAL CORP	 	Common Stock	                    15,800	                                  567,694		
ALLEGHENY TECHNOLOGIES INC	 	Common Stock	                    28,600	                               1,019,018		
ALTRA INDUSTRIAL INDUSTRIAL MOTION CORP	 	Common Stock	                    37,700	                               1,290,094		
AMC ENTERTAINMENT HOLDINGS INC COMMON ST	 	Common Stock	                    10,638	                                  218,611		
AMERICAN EAGLE OUTFITTER	 	Common Stock	                    29,200	                                  420,480		
AMERICAN EQUITY INVT LIFE HLDG CO	 	Common Stock	                    19,300	                                  509,134		
AMERICAN NATIONAL BANKSHARES	 	Common Stock	                    27,300	                                  716,625		
AMERICAN SCIENCE & ENGINEERING INC	 	Common Stock	                    27,000	                               1,941,570		
AMERICAN WOODMARK CORP	 	Common Stock	                    16,100	                                  636,433		
AMN HEALTHCARE SERVICES INC	 	Common Stock	                    45,000	                                  661,500		
APPLIED INDUSTRIAL TECHNOLOGIES INC	 	Common Stock	                      5,700	                                  279,813		
ARDMORE SHIPPING CORP	 	Common Stock	                    59,800	                                  930,488		
ARGO GROUP INTL HLDGS	 	Common Stock	                    18,300	                                  850,767		
ARMADA HOFFLER PPTYS INC	 	Common Stock	                    46,700	                                  433,376		
ARTESIAN RESOURCES CORP	 	Common Stock	                    22,200	                                  509,490		
ASBURY AUTOMOTIVE GROUP INC	 	Common Stock	                    12,100	                                  650,254		
ASPEN INSURANCE HLDGS	 	Common Stock	                    17,900	                                  739,464		
ASTORIA FINANCIAL CORP	 	Common Stock	                    38,800	                                  536,604		
AVG TECHNOLOGIES NV	 	Common Stock	                    27,100	                                  466,391		
AVISTA CORP	 	Common Stock	                    46,431	                               1,308,890		
BALDWIN & LYONS INC CLASS 'B'	 	Common Stock	                    38,900	                               1,062,748		
BALLY TECHNOLOGIES INC COM STK	 	Common Stock	                      8,200	                                  643,290		
BANK OF THE OZARKS	 	Common Stock	                    22,400	                               1,267,616		
BANKUNITED INC	 	Common Stock	                    90,500	                               2,979,260		
BARNES GROUP INC	 	Common Stock	                    14,000	                                  536,340		
BERRY PLASTICS GROUP INC	 	Common Stock	                  116,400	                               2,769,156		
BOISE CASCADE CO	 	Common Stock	                    27,900	                                  822,492		
 	 	 	 	 	
 	 	 	 	 (Continued)		

15

	
							
AUTOMATIC DATA PROCESSING, INC.	Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
BOSTON PRIVATE FINANCIAL HLDGS INC	 	Common Stock	                    38,000	$	479,560		
BRIGGS & STRATTON CORP	 	Common Stock	                    55,800	                               1,214,208		
BRISTOW GROUP INC	 	Common Stock	                      8,600	                                  645,516		
BROADSOFT INC	 	Common Stock	                    46,000	                               1,257,640		
BRUNSWICK CORP	 	Common Stock	                    11,500	                                  529,690		
CAL DIVE INTL INC	 	Common Stock	                  114,892	                                  230,933		
CAPITOL FEDERAL FINANCIAL INC	 	Common Stock	0	0		
CASTLE (A.M.) & CO	 	Common Stock	                    43,400	                                  641,018		
CATAHY GENERAL BANCORP COM STK	 	Common Stock	                    15,900	                                  425,007		
CAVCO INDUSTRIES INC	 	Common Stock	                    20,636	                               1,417,693		
CDI CORP	 	Common Stock	                    61,401	                               1,137,760		
CDW CORP	 	Common Stock	                    61,200	                               1,429,632		
CEC ENTERTAINMENT INC COMMON STOCK	 	Common Stock	                    17,100	                                  757,188		
CELADON GROUP	 	Common Stock	                    50,800	                                  989,584		
CENTRAL GARDEN & PET CO	 	Common Stock	                    75,300	                                  508,275		
CENTURY ALUMINIUM	 	Common Stock	                    43,400	                                  453,964		
CHICOS FAS INC	 	Common Stock	                    39,100	                                  736,644		
CLEARWATER PAPER CORPORATION	 	Common Stock	                    17,200	                                  903,000		
CLUBCORP HOLDINGS INC COMMON STOCK	 	Common Stock	                    53,400	                                  947,316		
CNO FINANCIAL GROUP INC	 	Common Stock	                    63,000	                               1,114,470		
COMMERCE BANCSHARES INC	 	Common Stock	                    18,270	                                  820,506		
COMMSCOPE HOLDINGS CO INC COMMON STOCK	 	Common Stock	                    50,200	                                  949,784		
COMPASS MINERALS INTERNATIONAL INC	 	Common Stock	                    15,497	                               1,240,535		
COMPUWARE CORP	 	Common Stock	                  134,900	                               1,512,229		
CONNS INC	 	Common Stock	                    16,200	                               1,276,398		
COVISINT CORP COMMON STOCK	 	Common Stock	                    18,600	                                  233,430		
CSS INDUSTRIES INC	 	Common Stock	                      4,000	                                  114,720		
CULP INC	 	Common Stock	                    56,100	                               1,147,245		
CUMULUS MEDIA INC	 	Common Stock	                  183,000	                               1,414,590		
CVB FINANCIAL	 	Common Stock	                    39,195	                                  669,059		
CYPRESS SEMICONDUCTOR CORP	 	Common Stock	                    82,700	                                  868,350		
DANA HOLDING CORP	 	Common Stock	                    43,000	                                  843,660		
DEL FRISCO'S RESTAURANT GROUP INC COMMON	 	Common Stock	                    39,500	                                  931,015		
DELEK US HOLDINGS INC	 	Common Stock	                    22,100	                                  760,461		
DESTINATION MATERNITY CORP	 	Common Stock	                    23,900	                                  714,132		
DIME COMMUNITY BANCSHARES INC	 	Common Stock	                    39,100	                                  661,572		
DST SYSTEMS INC DELAWARE	 	Common Stock	                      1,500	                                  136,110		
 	 	 	 	 	
 	 	 	 	 (Continued)		

16

	
							
AUTOMATIC DATA PROCESSING, INC.	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
DYNAMIC MATERIALS CORP	 	Common Stock	                    44,800	$	973,952		
EL PASO ELECTRIC CO	 	Common Stock	                    43,300	                               1,520,263		
EMCOR GROUP	 	Common Stock	                    15,500	                                  657,820		
ENDURANCE SPECIALTY HLDGS LTD	 	Common Stock	                    18,000	                               1,056,060		
ENERGY XXI (BERMUDA)	 	Common Stock	                    37,867	                               1,024,681		
ENTERCOM COMMUNICATIONS	 	Common Stock	                  159,100	                               1,672,141		
ENTRAVISION COMMUNICATIONS CORP	 	Common Stock	                  403,500	                               2,457,315		
EVERCORE PARTNERS INC	 	Common Stock	                      6,000	                                  358,680		
EVERTEC INC	 	Common Stock	                    64,300	                               1,585,638		
FARO TECHNOLOGIES INC	 	Common Stock	                    11,300	                                  658,790		
FIRST HORIZON NATIONAL CORP COM STK	 	Common Stock	                    97,800	                               1,139,370		
FIRST INTERSTATE BANCSYSTEM INC	 	Common Stock	                    38,500	                               1,092,245		
FIRST NBC BANK HLDGS CO	 	Common Stock	                    23,400	                                  755,820		
FIRST NIAGARA FINANCIAL GROUP INC COM	 	Common Stock	                  112,300	                               1,192,626		
FIRSTMERIT CORP	 	Common Stock	                    44,600	                                  991,458		
FLIR SYSTEMS INC	 	Common Stock	                    43,095	                               1,297,159		
FLUSHING FINANCIAL CORP	 	Common Stock	                    25,300	                                  523,710		
FNB CORP PA	 	Common Stock	                    35,300	                                  445,486		
FREIGHTCAR AMERICA INC	 	Common Stock	                    11,900	                                  316,778		
FULTON FINANCIAL CORP	 	Common Stock	                    56,200	                                  735,096		
GLOBAL BRASS & COPPER HLDGS INC	 	Common Stock	                    88,100	                               1,458,055		
GRAFTECH INTL LTD COM	 	Common Stock	                  115,943	                               1,302,040		
GRANITE CONSTRUCTION	 	Common Stock	                    32,000	                               1,119,360		
GRAPHIC PACKAGING HLDG CO	 	Common Stock	                  183,000	                               1,756,800		
GREAT LAKES DREDGE & DOCK CORP NEW	 	Common Stock	                    71,500	                                  657,800		
GREAT PLAINS ENERGY INC	 	Common Stock	                    21,500	                                  521,160		
GROUP 1 AUTOMOTIVE INC	 	Common Stock	                      7,700	                                  546,854		
GULFMARK OFFSHORE INC	 	Common Stock	                    18,900	                                  890,757		
HANOVER INSURANCE GROUP INC	 	Common Stock	                    11,300	                                  674,723		
HARDINGE INC	 	Common Stock	                    39,700	                                  574,459		
HAWKINS INC	 	Common Stock	                    17,500	                                  650,825		
HAYNES INTERNATIONAL INC COM STK	 	Common Stock	                    19,400	                               1,071,656		
HCC INSURANCE HLDG	 	Common Stock	                    18,100	                                  835,134		
HEADWATERS INC	 	Common Stock	                    45,600	                                  446,424		
HEALTHSOUTH CORP	 	Common Stock	                    12,800	                                  426,496		
HEARTLAND EXPRESS INC	 	Common Stock	                    33,000	                                  647,460		
HELEN OF TROY	 	Common Stock	                      8,100	                                  401,031		
HERITAGE FINANCIAL CORP	 	Common Stock	                    34,900	                                  597,139		
HILL-ROM HOLDINGS INC COM STK	 	Common Stock	                    10,800	                                  446,472		
 	 	 	 	 	
 	 	 	 	 (Continued)		

17

	
							
AUTOMATIC DATA PROCESSING, INC.	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
HORNBECK OFFSHORE SERVICES INC	 	Common Stock	                    13,200	$	649,836		
HORSEHEAD HOLDING CORPORATION	 	Common Stock	                    79,000	                               1,280,590		
IDACORP INC	 	Common Stock	                      5,800	                                  300,672		
IMPAX LABORATORIES INC	 	Common Stock	                      9,100	                                  228,774		
INFINITY PROPERTY & CASUALTY CORP COM	 	Common Stock	                    10,700	                                  767,725		
INGRAM MICRO INC	 	Common Stock	                    42,400	                                  994,704		
INNOPHOS HOLDINGS INC COM	 	Common Stock	                    34,598	                               1,681,463		
INTEGRA LIFESCIENCES HLDGS CORP	 	Common Stock	                      8,300	                                  395,993		
INTERSIL CORP	 	Common Stock	                    53,600	                                  614,792		
ITRON INC	 	Common Stock	                    16,500	                                  683,595		
J & J SNACK FOODS CORP	 	Common Stock	                      4,457	                                  394,846		
JETBLUE AIRWAYS CORP	 	Common Stock	                    57,300	                                  489,915		
JONES ENERGY INC	 	Common Stock	                    53,400	                                  773,232		
JOURNAL COMMUNICATIONS INC	 	Common Stock	                    86,000	                                  800,660		
KADANT INC	 	Common Stock	                    15,605	                                  632,315		
KAMAN CORP	 	Common Stock	                    18,800	                                  746,924		
KAPSTONE PAPER & PACKAGING CORP	 	Common Stock	                      7,500	                                  418,950		
KENNAMETAL INC CAP STK	 	Common Stock	                    20,900	                               1,088,263		
KEYW HLDG CORP	 	Common Stock	                    71,700	                                  963,648		
KFORCE INC	 	Common Stock	                    65,600	                               1,342,176		
KRATON PERFORMANCE POLYMERS INC	 	Common Stock	                      9,100	                                  209,755		
KRONOS WORLDWIDE INC COM STK	 	Common Stock	                    29,900	                                  569,595		
KULICKE & SOFFA INDUSTRIES INC COM	 	Common Stock	                    41,348	                                  549,928		
LACLEDE GROUP INC	 	Common Stock	                      6,400	                                  291,456		
LAKELAND FINANCIAL CORP	 	Common Stock	                    20,300	                                  791,700		
LIBBEY INC	 	Common Stock	                    35,400	                                  743,400		
LIN MEDIA LLC CL A COM	 	Common Stock	                    31,000	                                  890,010		
MANNING & NAPIER INC	 	Common Stock	                    38,125	                                  672,906		
MARINEMAX INC	 	Common Stock	                    59,400	                                  955,152		
MARTEN TRANSPORT	 	Common Stock	                    66,505	                               1,342,736		
MB FINANCIAL INC	 	Common Stock	                    23,600	                                  757,324		
MCDERMOTT INTERNATIONAL INC	 	Common Stock	                    79,800	                                  730,968		
MDC HLDGS INC	 	Common Stock	                    20,800	                                  670,592		
MEDIA GENERAL INC COMMON STOCK	 	Common Stock	                    41,000	                                  926,600		
MENS WEARHOUSE INC	 	Common Stock	                      9,600	                                  490,368		
MENTOR GRAPHICS CORP	 	Common Stock	                    54,700	                               1,316,629		
MGIC INVESTMENT CORP	 	Common Stock	                    53,100	                                  448,164		
MINERALS TECHNOLOGIES INC	 	Common Stock	                      7,900	                                  474,553		
MKS INSTRUMENTS INC	 	Common Stock	                    29,500	                                  883,230		
 	 	 	 	 	
 	 	 	 	 (Continued)		

18

	
							
AUTOMATIC DATA PROCESSING, INC.	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
MONEYGRAM INTL INC COM NEW	 	Common Stock	                    47,300	$	982,894		
MOVADO GROUP INC	 	Common Stock	                    24,000	                               1,056,240		
MUELLER WATER PRODUCTS INC	 	Common Stock	                    47,600	                                  446,012		
MULTI-COLOR CORP	 	Common Stock	                    68,100	                               2,570,094		
NANOMETRICS	 	Common Stock	                    53,200	                               1,013,460		
NATIONAL BANKSHARES INC	 	Common Stock	                    21,600	                                  796,824		
NATIONAL HEALTH CARE CORP	 	Common Stock	                      8,000	                                  431,280		
NETSCOUT SYSTEMS INC	 	Common Stock	                    33,700	                                  997,183		
NEW RESIDENTIAL INVT CORP	 	Common Stock	                    53,400	                                  356,712		
NORTHWEST PIPE CO	 	Common Stock	                    20,033	                                  756,446		
OFG BANCORP COMMON STOCK	 	Common Stock	                    75,100	                               1,302,234		
ORBITZ WORLDWIDE INC	 	Common Stock	                    72,100	                                  517,678		
ORIENT EXPRESS HOTELS LTD	 	Common Stock	                    64,300	                                  971,573		
ORITANI FINANCIAL CORP	 	Common Stock	                    57,600	                                  924,480		
ORTHOFIX INTL NV	 	Common Stock	                    33,500	                                  764,470		
PACIFIC CONTINETAL CORP	 	Common Stock	                    36,700	                                  584,998		
PARK STERLING CORP	 	Common Stock	                  106,000	                                  756,840		
PBF ENERGY INC	 	Common Stock	                    14,400	                                  453,024		
PENNANTPARK INVESTMENT CORP	 	Common Stock	                    44,866	                                  520,446		
PENSKE AUTOMOTIVE GROUP INC	 	Common Stock	                    23,252	                               1,096,564		
PHARMERICA CORPORATION	 	Common Stock	                    22,200	                                  477,300		
PHH CORP	 	Common Stock	                    36,800	                                  896,080		
PLATINUM UNDERWRITERS HLDGS LTD	 	Common Stock	                      7,800	                                  477,984		
PNM RESOURCES INC	 	Common Stock	                    12,900	                                  311,148		
POLYCOM INC	 	Common Stock	                  108,600	                               1,219,578		
POPULAR INC	 	Common Stock	                    24,400	                                  701,012		
PORTLAND GENERAL ELECTRIC CO COM	 	Common Stock	                    21,603	                                  652,411		
PRIMERICA INC	 	Common Stock	                      7,700	                                  330,407		
PRIVATEBANCORP INC	 	Common Stock	                    46,600	                               1,348,138		
PROSPERITY BANCSHARES INC	 	Common Stock	                    10,400	                                  659,256		
PROVIDENT FINANCIAL SERVICES INC	 	Common Stock	                    27,400	                                  529,368		
QUANEX BUILDING PRODUCTS CORP COM STK	 	Common Stock	                      6,251	                                  124,520		
RADIAN GROUP INC	 	Common Stock	                    21,500	                                  303,580		
RED ROBIN GOURMET BURGERS INC	 	Common Stock	                      2,000	                                  147,080		
REXNORD CORP	 	Common Stock	                    28,300	                                  764,383		
RITE AID CORP	 	Common Stock	                  229,100	                               1,159,246		
RIVERBED TECHNOLOGY	 	Common Stock	                    83,600	                               1,511,488		
SCIENTIFIC GAMES CLASS 'A' COM	 	Common Stock	                    65,700	                               1,112,301		
SCORPIO TANKERS INC	 	Common Stock	                    85,000	                               1,002,150		
 	 	 	 	 	
 	 	 	 	 (Continued)		

19

	
							
AUTOMATIC DATA PROCESSING, INC.	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
SCRIPPS (EW) CO	 	Common Stock	                    14,800	$	321,456		
SENSIENT TECHNOLOGIES CORP	 	Common Stock	                      8,400	                                  407,568		
SHUTTERFLY INC COM STK	 	Common Stock	                    15,794	                                  804,388		
SIGNATURE BANK COMMON	 	Common Stock	                      9,000	                                  966,780		
SILICON GRAPHICS INTERNATIONAL CORP	 	Common Stock	                    59,800	                                  801,918		
SMITH (A.O.) CORP	 	Common Stock	                      8,100	                                  436,914		
SNYDER'S-LANCE INC COMMON STOCK	 	Common Stock	                    10,200	                                  292,944		
SOLAR CAPITAL LTD	 	Common Stock	                    30,800	                                  694,540		
SOTHEBYS INC LTD	 	Common Stock	                    14,200	                                  755,440		
SPANSION INC	 	Common Stock	                    82,500	                               1,145,925		
SPECTRUM BRANDS HLDGS INC	 	Common Stock	                    13,600	                                  959,480		
SPIRIT AIRLINES INC	 	Common Stock	                    22,600	                               1,026,266		
STAGE STORES INC	 	Common Stock	                    26,400	                                  586,608		
STEINER LEISURE	 	Common Stock	                    27,700	                               1,362,563		
STIFEL FINANCIAL CORP	 	Common Stock	                    14,200	                                  680,464		
SUPERIOR INDUSTRIES INTERNATIONAL	 	Common Stock	                    34,000	                                  701,420		
SUSQUEHANNA BANCHARE	 	Common Stock	                    71,300	                                  915,492		
SYKES ENTERPRISES INC	 	Common Stock	                    39,800	                                  868,038		
SYMETRA FINANCIAL CORP	 	Common Stock	                    32,400	                                  614,304		
TCF FINANCIAL	 	Common Stock	                    33,200	                                  539,500		
TETRA TECHNOLOGIES	 	Common Stock	                    52,100	                                  643,956		
TEXAS CAPITAL BANCSHARES INC COMMON STOC	 	Common Stock	                    35,300	                               2,195,660		
TOWER INTL INC	 	Common Stock	                    42,000	                                  898,800		
TOWN SPORTS INTL INC	 	Common Stock	                    44,085	                                  650,695		
TREEHOUSE FOODS INC COM STK	 	Common Stock	                      4,500	                                  310,140		
TRONOX LTD COM	 	Common Stock	                    91,700	                               2,115,519		
TTM TECHNOLOGIES INC	 	Common Stock	                  101,100	                                  867,438		
UNITED FIRE GROUP INC	 	Common Stock	                    20,200	                                  578,932		
UNS ENERGY CORP	 	Common Stock	                      5,606	                                  335,519		
URS CORP	 	Common Stock	                    14,600	                                  773,654		
UTAH MEDICAL PRODUCTS	 	Common Stock	                    15,000	                                  857,400		
VAALCO ENERGY	 	Common Stock	                    68,200	                                  469,898		
VALIDUS HOLDINGS LTD	 	Common Stock	                    11,100	                                  447,219		
VALLEY NATIONAL BANCORP	 	Common Stock	                    83,500	                                  845,020		
VERA BRADLEY INC	 	Common Stock	                    38,900	                                  935,156		
VERIFONE SYSTEMS INC	 	Common Stock	                    51,200	                               1,373,184		
VIEWPOINT FINL GP INC MD	 	Common Stock	                    54,000	                               1,482,300		
VILLAGE SUPER MARKET INC	 	Common Stock	                    21,300	                                  660,513		
WALTER INVESTMENT MANAGEMENT CORP	 	Common Stock	                    12,600	                                  445,536		
 	 	 	 	 	
 	 	 	 	 (Continued)		

20

	
							
AUTOMATIC DATA PROCESSING, INC.	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
WASHINGTON BANKING CO	 	Common Stock	                    33,300	$	590,409		
WAUSAU PAPER CORP	 	Common Stock	                    54,800	                                  694,864		
WEIS MARKETS INC	 	Common Stock	                    16,500	                                  867,240		
WELLCARE HEALTH PLANS INC	 	Common Stock	                      7,200	                                  507,024		
WESTERN REFINING INC	 	Common Stock	                    25,800	                               1,094,178		
WGL HLDGS INC	 	Common Stock	                      8,600	                                  344,516		
WILEY (JOHN) & SONS INC CLASS 'A' COM STK	 	Common Stock	                    13,900	                                  767,280		
Total Common Stock	 	 	 	$	190,251,458		
 	 	 	 	 	
Preferred Stock	 	 	 	 	
BEAZER HOMES USA INC TANGIBLE EQUITY UNI	 	Preferred Stock	                   23,500	$	879,605		
UNIVERSAL CORP	 	Preferred Stock	                        384	                                  478,007		

Total Preferred Stock	 	 	 	$	1,357,612		

REIT	 	 	 	 	
AMERICAN CAMPUS COMMUNITIES INC	 	REIT	                   24,100	$	776,261		
APOLLO COMMERCIAL REAL EST FIN	 	REIT	                   38,700	                                  628,875		
ASSOCIATED ESTATES REALTY CORP COM	 	REIT	                   46,300	                                  743,115		
CAMPUS CREST COMMUNITIES INC	 	REIT	                 119,800	                               1,127,318		
CAPSTEAD MTGE. CORP	 	REIT	                   20,000	                                  241,600		
CBL & ASSOCIATES PROPERTIES INC	 	REIT	                   29,600	                                  531,616		
CHATHAM LODGING TRUST	 	REIT	                   41,400	                                  846,630		
CHIMERA INVESTMENT CORPORATION	 	REIT	                   76,600	                                  237,460		
DIAMONDROCK HOSPIT COM	 	REIT	                 112,600	                               1,300,530		
EPR PROPERTIES SBI	 	REIT	                     8,500	                                  417,860		
EXCEL TRUST INC	 	REIT	                   44,299	                                  504,566		
HIGHWOODS PROPERTIES INC	 	REIT	                     8,400	                                  303,828		
LASALLE HOTEL PROPERTIES	 	REIT	                   36,400	                               1,123,304		
MACK CALI REALTY CORP	 	REIT	                   28,500	                                  612,180		
MEDICAL PROPERTIES TRUST INC	 	REIT	                   32,400	                                  395,928		
MFA FINANCIAL INC COM STK	 	REIT	                   82,700	                                  583,862		
PENNSYLVANIA REAL ESTATE INV TRUST SHS B	 	REIT	                   20,700	                                  392,886		
PENNYMAC MORTGAGE INVESTMENT TRUST	 	REIT	                   17,500	                                  401,800		
RLJ LODGING TRUST	 	REIT	                   15,000	                                  364,800		
ROUSE PROPERTIES INC	 	REIT	                   34,900	                                  774,431		
SABRA HEALTH CARE REIT INC	 	REIT	0	                                             8		
SUMMIT HOTEL PROPERTIES INC	 	REIT	                   83,300	                                  749,700		
SUNSTONE HOTEL INVESTORS INC	 	REIT	                   79,700	                               1,067,980		
URSTADT BIDDLE PROPERTIES CLASS'A' COM	 	REIT	                   45,800	                                  845,010		
WASHINGTON REAL ESTATE INVEST TRUST SHS	 	REIT	                   26,600	                                  621,376		

Total REIT	 	 	 	$	15,592,924		
 	 	 	 	 (Continued)		

21

	
							
AUTOMATIC DATA PROCESSING, INC.	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
AMERICAN CENTURY SMALL CAP VALUE FUND (Con't)	 	 	 	 	
 	 	 	 	 	
Cash Equivalents	 	 	 	 	
Short-Term Investment Fund	 	 	 	 	
*J.P. Morgan U.S. Government Short-Term Investment Fund	 	Money Market	              5,556,956	$	5,556,956		
Total Cash Equivalents	 	 	 	$	5,556,956		
 	 	 	 	 	
Investment Companies	 	 	 	 	
Mutual Funds	 	 	 	 	
ISHARES TRUST RUSSELL 2000 VALUE ETF ETP	 	Mutual Funds	                   19,400	$	1,930,300		
Total Investment Companies	 	 	 	$	1,930,300		
 	 	 	 	 	
Royalty Trust	 	 	 	 	
HUGOTON ROYALTY TRUST	 	Royalty Trust	                   44,600	$	334,500		
PACIFIC COAST OIL TRUST UNIT BEN INT	 	Royalty Trust	                   50,900	                            645,412		
Total Royalty Trust	 	 	 	$	979,912		
 	 	 	 	 	
Limited Partnership	 	 	 	 	
ALLIANCE RESOURCE PARTNERS LP SHS OF BEN	 	Limited Partnership	                     4,100	$	315,700		
COMPASS DIVERSIFIED HLDGS SHS OF BENEFIC	 	Limited Partnership	                   32,000	                            628,160		
Total Limited Partnership	 	 	 	$	943,860		

TOTAL AMERICAN CENTURY SMALL CAP VALUE FUND	 	 	 	$	216,613,022		
 	 	 	 	 	
 	 	 	 	(Continued)		

22

	
									
AUTOMATIC DATA PROCESSING, INC.	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	Rate of	Maturity	Par	Current	
Identity of Issuer, Borrower or Similar Party	Interest	Date	Value	Value	
 	 	 	 	 	
SEIX INTERMEDIATE BOND FUND	 	 	 	 	
 	 	 	 	 	
Government Bonds	 	 	 	 	
UNITED STATES OF AMERICA NOTES	2.75%	11/15/2023	$	18,603,553		$	18,199,940		
UNITED STATES OF AMERICA US GOVERNMENT F	1.38%	7/31/2018	               3,387,431		                              3,361,526		
UNITED STATES TREAS NTS	0.38%	3/15/2015	             30,631,312		                            30,667,350		
UNITED STATES TREAS NTS	0.38%	11/15/2015	             26,015,346		                            26,040,251		
UNITED STATES TREAS NTS	0.50%	6/15/2016	             23,717,897		                            23,769,825		
UNITED STATES TREAS NTS	0.63%	8/31/2017	             19,876,897		                            19,561,219		
UNITED STATES TREAS NTS	0.75%	2/28/2018	             19,696,683		                            19,347,837		
UNITED STATES TREAS NTS	2.13%	8/15/2021	               7,669,243		                              7,078,656		
Total Government Bonds	 	 	 	$	148,026,604		
 	 	 	 	 	
Mortgage-Backed Security Bonds	 	 	 	 	
FEDERAL HOME LN MTG CORP PTN CTFS	5.50%	4/1/2038	$	436,286		$	446,552		
FEDERAL HOME LN MTG CORP PTN CTFS	5.00%	7/1/2040	                  518,434		                                 522,835		
FEDERAL HOME LOAN BANKS	5.00%	2/1/2034	                  816,835		                                 820,368		
FEDERAL HOME LOAN MORTGAGE CORP	4.50%	6/1/2039	                  255,743		                                 249,928		
FEDERAL NATIONAL MORTGAGE ASSOC	6.00%	7/1/2037	                  860,154		                                 869,287		
FHLMC PC	5.00%	7/1/2033	                  388,719		                                 394,457		
FHLMCGLD MORTPASS	2.50%	8/1/2027	               1,452,522		                              1,460,090		
FHLMCGLD MORTPASS	2.50%	8/1/2027	               1,564,618		                              1,556,852		
FHLMCGLD MORTPASS	2.00%	2/1/2028	                  723,873		                                 716,059		
FHLMCGLD MORTPASS	3.50%	8/1/2035	                  420,756		                                 417,354		
FHLMCGLD MORTPASS	3.50%	12/1/2032	                  370,947		                                 377,135		
FHLMCGLD MORTPASS	3.50%	10/1/2031	                  694,374		                                 673,203		
FHLMCGLD MORTPASS	3.00%	2/1/2027	                  618,752		                                 616,735		
FHLMCGLD MORTPASS	4.50%	4/1/2035	               1,149,534		                              1,156,966		
FHLMCGLD MORTPASS	4.50%	8/1/2040	                  407,527		                                 403,040		
FHLMCGLD MORTPASS	4.50%	7/1/2039	               2,049,738		                              2,036,388		
FHLMCGLD MORTPASS	4.00%	9/1/2025	                  124,943		                                 126,333		
FHLMCGLD MORTPASS	5.50%	8/1/2040	                  451,935		                                 454,653		
FHLMCGLD MORTPASS	5.50%	7/1/2037	                  234,959		                                 240,402		
FHLMCGLD MORTPASS	5.00%	4/1/2041	                  193,271		                                 193,742		
FHLMCGLD MORTPASS	5.00%	8/1/2033	                  312,815		                                 318,385		
FHLMCGLD MORTPASS	5.00%	2/1/2038	                  639,034		                                 641,140		
FHLMCGLD MORTPASS	5.00%	1/1/2037	                  437,578		                                 439,756		
FHLMCGLD MORTPASS	5.00%	11/1/2025	                  137,434		                                 139,271		
FHLMCGLD MORTPASS	6.00%	7/1/2039	                  292,065		                                 293,244		
FHLMCGLD MORTPASS	6.00%	6/1/2038	                  464,057		                                 470,218		
FEDERAL NATIONAL MORTGAGE ASSOC	3.50%	2/1/2032	                  958,951		                                 926,546		
FEDERAL NATIONAL MORTGAGE ASSOC	3.50%	4/1/2032	                  545,428		                                 548,363		
FEDERAL NATIONAL MORTGAGE ASSOC	3.50%	5/1/2032	               1,023,259		                              1,019,280		
FEDERAL NATIONAL MORTGAGE ASSOC	4.00%	5/1/2030	                  225,659		                                 224,474		
FNMA MORTPASS ARM	2.25%	1/1/2028	               1,751,669		                              1,653,237		
FNMA MORTPASS	2.50%	12/1/2027	               1,784,676		                              1,773,160		
FNMA MORTPASS	2.50%	2/1/2028	                  884,713		                                 889,888		
FNMA MORTPASS	2.50%	7/1/2027	                  806,699		                                 777,311		
FNMA MORTPASS	2.50%	3/1/2027	                  973,507		                                 931,816		
FNMA MORTPASS	2.50%	3/1/2027	                  993,434		                                 999,323		
FNMA MORTPASS	2.54%	6/1/2023	                  696,967		                                 703,925		
 	 	 	 	(Continued)		

23

	
									
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	Rate of	Maturity	Par	Current	
Identity of Issuer, Borrower or Similar Party	Interest	Date	Value	Value	
 	 	 	 	 	
SEIX INTERMEDIATE BOND FUND (Con't)	 	 	 	 	
Mortgage-Backed Security Bonds (Cont't)	 	 	 	 	
FNMA MORTPASS	2.83%	8/1/2022	$	1,211,009		$	1,162,775		
FNMA MORTPASS	2.76%	6/1/2023	               1,945,597		                              1,944,895		
FNMA MORTPASS	2.00%	8/1/2028	               1,673,107		                              1,686,828		
FNMA MORTPASS	2.00%	12/1/2027	                    30,464		                                   30,448		
FNMA MORTPASS	2.00%	2/1/2028	                  390,220		                                 389,883		
FNMA MORTPASS	2.00%	1/1/2028	                    92,670		                                   92,619		
FNMA MORTPASS	2.00%	10/1/2027	                  899,975		                                 889,951		
FNMA MORTPASS	3.02%	7/1/2023	                    68,792		                                   70,699		
FNMA MORTPASS	3.50%	12/1/2031	               1,076,230		                              1,045,082		
FNMA MORTPASS	3.50%	2/1/2033	                  811,101		                                 790,788		
FNMA MORTPASS	3.50%	1/1/2032	                  404,649		                                 411,028		
FNMA MORTPASS	3.50%	1/1/2033	                  128,342		                                 130,375		
FNMA MORTPASS	3.50%	7/1/2032	                  197,777		                                 195,677		
FNMA MORTPASS	3.50%	10/1/2032	                  253,439		                                 257,452		
FNMA MORTPASS	3.50%	10/1/2040	                  806,630		                                 751,377		
FNMA MORTPASS	3.50%	9/1/2032	                  200,037		                                 203,205		
FNMA MORTPASS	3.67%	8/1/2023	               1,105,368		                              1,095,606		
FNMA MORTPASS	3.71%	7/1/2023	                  206,540		                                 208,248		
FNMA MORTPASS	3.00%	8/1/2023	                    42,129		                                   43,336		
FNMA MORTPASS	4.50%	4/1/2041	                  368,424		                                 365,383		
FNMA MORTPASS	4.50%	8/1/2036	                  399,614		                                 389,672		
FNMA MORTPASS	4.50%	8/1/2040	                  433,487		                                 424,818		
FNMA MORTPASS	4.50%	2/1/2040	                    77,747		                                   78,402		
FNMA MORTPASS	4.50%	1/1/2041	                  209,067		                                 205,531		
FNMA MORTPASS	4.50%	7/1/2041	                  384,043		                                 375,053		
FNMA MORTPASS	4.50%	6/1/2039	                  785,287		                                 772,787		
FNMA MORTPASS	4.50%	9/1/2041	                  655,694		                                 639,794		
FNMA MORTPASS	4.50%	11/1/2030	                  957,046		                                 967,124		
FNMA MORTPASS	4.00%	12/1/2030	                  131,337		                                 132,687		
FNMA MORTPASS	4.00%	1/1/2040	               1,382,098		                              1,369,616		
FNMA MORTPASS	4.00%	7/1/2031	                  104,507		                                 105,586		
FNMA MORTPASS	4.00%	3/1/2031	                  571,376		                                 573,994		
FNMA MORTPASS	4.00%	3/1/2037	               2,113,551		                              2,084,649		
FNMA MORTPASS	4.00%	5/1/2030	                  867,529		                                 866,185		
FNMA MORTPASS	4.00%	11/1/2030	                  159,695		                                 157,883		
FNMA MORTPASS	5.50%	8/1/2037	                  117,921		                                 119,511		
FNMA MORTPASS	5.00%	8/1/2033	                  294,329		                                 300,877		
FNMA MORTPASS	6.00%	7/1/2039	                  499,427		                                 507,622		
Total Mortgage-Backed Security Bonds	 	 	 	$	48,319,162		
 	 	 	 	 	
Municipal Bonds	 	 	 	 	
UTILITY DEBT SECURITIZATION AUTHORITY	0.00%	6/15/2022	$	2,893,856		$	2,860,516		
Total Municipal Bonds	 	 	 	$	2,860,516		
 	 	 	 	 	
Corporate Bonds	 	 	 	 	
HSBC BANK PLC	3.50%	6/28/2015	$	380,907		$	397,127		
JAPAN TOBACCO INC	2.10%	7/23/2018	                  455,548		                                 454,739		
SCHLUMBERGER SA	3.30%	9/14/2021	                  533,341		                                 530,902		
TSMC GLOBAL LTD	1.63%	4/3/2018	                  416,762		                                 399,334		
VOLKSWAGEN INTERNATIONAL FINANCE NV	2.38%	3/22/2017	                  422,242		                                 434,985		
ANALOG DEVICES INC	3.00%	4/15/2016	                  136,019		                                 140,722		
ANHEUSER BUSCH INBEV WORLDWIDE INC	2.50%	7/15/2022	                  882,481		                                 831,546		
APPLE INC	2.40%	5/3/2023	                  496,375		                                 455,900		
ASTRAZENECA	1.95%	9/18/2019	               2,655,949		                              2,629,198		
 	 	 	 	 	
 	 	 	 	(Continued)		

24

	
									
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	Rate of	Maturity	Par	Current	
Identity of Issuer, Borrower or Similar Party	Interest	Date	Value	Value	
 	 	 	 	 	
SEIX INTERMEDIATE BOND FUND (Con't)	 	 	 	 	
AT&T INC	2.38%	11/27/2018	$	894,555		$	894,767		
BECTON DICKINSON & CO	3.25%	11/12/2020	               2,089,449		                              2,057,707		
BERKSHIRE HATHAWAY INC	3.20%	2/11/2015	                  894,565		                                 916,291		
BHP BILLITON FI US	1.13%	11/21/2014	                  380,602		                                 383,743		
BNP PARIBAS SA	2.40%	12/12/2018	                  804,742		                                 806,513		
BOEING CO	4.875%	2/15/2020	               2,040,892		                              2,069,321		
BP CAPITAL MARKETS	2.248%	11/1/2016	                  614,593		                                 631,265		
CISCO SYSTEMS INC	5.500%	2/22/2016	               1,741,305		                              1,879,029		
CME GROUP INC	5.750%	2/15/2014	                  578,275		                                 581,388		
EBAY INC SR NT	2.600%	7/15/2022	                  329,866		                                 308,109		
GEN ELEC CO	2.700%	10/9/2022	                  552,871		                                 524,159		
GENERAL ELECTRIC CO	5.250%	12/6/2017	                  722,076		                                 817,262		
HOWARD HUGHES MEDICAL INSTITUTE	3.500%	9/1/2023	                  444,696		                                 438,579		
INTEL CORP SR NT	1.950%	10/1/2016	                  378,216		                                 386,527		
INTEL CORP	2.700%	12/15/2022	               1,324,352		                              1,246,283		
INTERNATIONAL BUS MACH CORP	0.875%	10/31/2014	                  978,699		                                 982,956		
INTERNATIONAL BUS MACH CORP	1.250%	2/6/2017	               1,758,978		                              1,773,372		
JOHN DEERE CAPITAL CORP	1.250%	12/2/2014	                  366,855		                                 370,242		
*JPMORGAN CHASE & CO	1.625%	5/15/2018	               1,129,088		                              1,124,122		
KEY BANK NA	1.650%	2/1/2018	                  322,747		                                 317,643		
LLOYDS BANK PLC	2.300%	11/27/2018	                  219,654		                                 219,429		
MASSMUTUAL GLOBAL FUNDING II	2.000%	4/5/2017	                  444,671		                                 445,304		
NOVARTIS SECURITIES INVESTMENT LTD	5.125%	2/10/2019	                  522,474		                                 570,714		
ORACLE CORP	1.200%	10/15/2017	                  980,812		                                 988,978		
ORACLE CORP	2.375%	1/15/2019	               1,228,506		                              1,243,029		
PACCAR FINL CORP	1.550%	9/29/2014	                  574,841		                                 579,826		
PFIZER INC	3.000%	6/15/2023	               2,636,372		                              2,577,243		
PNC BANK NA PITTSBURGH PA	0.800%	1/28/2016	                  771,889		                                 770,191		
PRAXAIR INC	4.625%	3/30/2015	               1,209,334		                              1,264,869		
TOYOTA MOTOR CREDIT CORP	3.200%	6/17/2015	                  340,289		                                 350,461		
UNITED PARCEL SERVICE INC	3.125%	1/15/2021	                  269,747		                                 271,325		
WAL-MART STORES IN	1.125%	4/11/2018	               1,265,462		                              1,233,506		
WAL-MART STORES INC	1.950%	12/15/2018	               2,688,116		                              2,681,291		
WELLS FARGO & CO	1.250%	2/13/2015	                  807,722		                                 813,663		
3M CO	1.375%	9/29/2016	                  322,044		                                 326,790		
Total Corporate Bonds	 	 	 	$	39,120,350		
 	 	 	 	 	
 	 	 	 	(Continued)		

25

	
									
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	Rate of	Maturity	Par	Current	
Identity of Issuer, Borrower or Similar Party	Interest	Date	Value	Value	
 	 	 	 	 	
SEIX INTERMEDIATE BOND FUND (Con't)	 	 	 	 	
 	 	 	 	 	
ASSET BACKED	 	 	 	 	
CITIBANK CREDIT CARD ISSUANCE TRUST 2013	FLOATING	2/7/2018	$	1,844,000		$	1,844,509		
AEP TEXAS CENTRAL TRANSITION FUNDING III	1.976%	6/1/2021	                  513,760		                                 491,539		
Total Asset Backed	 	 	 	$	2,336,048		
 	 	 	 	 	
CMO/REMIC	 	 	 	 	
FANNIE MAE	3.000%	3/25/2021	$	996,476		$	1,025,680		
FANNIE MAE	3.500%	3/25/2027	               2,207,124		                              2,017,929		
FHLMC REMIC SERIES	3.500%	3/15/2026	                  604,366		                                 592,772		
FREDDIE MAC	3.500%	12/15/2025	                  145,324		                                 137,060		
FREDDIE MAC	4.000%	12/15/2025	               1,894,371		                              1,979,754		
FREDDIE MAC	3.500%	2/15/2026	                  223,361		                                 211,090		
FREDDIE MAC	3.500%	8/15/2026	                  430,742		                                 395,188		
GS MTG SECS CRP II	3.551%	4/10/2034	               1,043,928		                                 983,214		
Total CMO/REMIC	 	 	 	$	7,342,687		
 	 	 	 	 	
Commercial Mortgage-Backed Bonds	 	 	 	 	
GS MORTGAGE SECURITIES TRUST	2.954%	11/5/2034	$	1,017,659		$	925,811		
*JP MORGAN CHASE TR	4.069%	11/15/2043	               1,054,512		                              1,045,105		
LBS-UBS COMMERCIAL MORTGAGE TRUS VARIAB	FLOATING	11/15/2030	                  155,706		                                 174,727		
MERRILL LYNCH MORTGAGE TRUST	FLOATING	1/12/2044	               1,617,446		                              1,600,761		
OBP DEPOSITOR LLC TRUST	4.646%	7/15/2045	                  675,224		                                 650,678		
Total Commercial Mortgage-Backed Bonds	 	 	 	$	4,397,082		
 	 	 	 	 	
Short-Term Investment Fund	 	 	 	 	
*J.P. Morgan U.S. Government Short-Term Investment Fund	 Variable	12/31/2049	$	5,732,515		$	5,732,515		
Total Short-Term Investment Fund	 	 	 	$	5,732,515		
 	 	 	 	 	
TOTAL SEIX INTERMEDIATE BOND FUND	 	 	 	$	258,134,964		
 	 	 	 	 	
 	 	 	 	(Continued)		

26

	
							
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	Value	
 	 	 	 	 	
MONTAG & CALDWELL LARGE CAP GROWTH FUND	 	 	 	 	
 	 	 	 	 	
Common Stock	 	 	 	 	
ABBOT LABORATORIES NPV	 	Common Stock	                 208,800	$	8,003,304		
ACCENTURE PLC	 	Common Stock	                   24,100	                              1,981,502		
ALLERGAN INC	 	Common Stock	                   75,100	                              8,342,108		
AMERICAN EXPRESS CO COM	 	Common Stock	                   50,300	                              4,563,719		
AMERISOURCEBERGAN CORP NPV	 	Common Stock	                   81,900	                              5,758,389		
BED BATH AND BEYOND	 	Common Stock	                   50,895	                              4,086,868		
BIOGEN IDEC INC	 	Common Stock	                   28,793	                              8,054,842		
COCA-COLA CO	 	Common Stock	                 184,600	                              7,625,826		
COLGATE-PALMOLIVE CO	 	Common Stock	                 108,800	                              7,094,848		
COSTCO WHOLESALE CORP	 	Common Stock	                   29,100	                              3,463,191		
EBAY INC	 	Common Stock	                 124,500	                              6,833,805		
EMC CORP	 	Common Stock	                   64,000	                              1,609,600		
ESTEE LAUDER COMPANIES INC	 	Common Stock	                 109,000	                              8,209,880		
FRANKLIN RESOURCES INC	 	Common Stock	                   50,651	                              2,924,082		
GENERAL ELECTRIC CO.	 	Common Stock	                 309,000	                              8,661,270		
GILEAD SCIENCES INC	 	Common Stock	                 120,500	                              9,055,575		
GOOGLE INC	 	Common Stock	                   11,121	                            12,463,416		
JOHNSON CONTROLS INC	 	Common Stock	                   92,815	                              4,761,410		
JUNIPER NETWORKS	 	Common Stock	                 209,900	                              4,737,443		
MCKESSON CORP	 	Common Stock	                   25,164	                              4,061,470		
MONDELEZ INTERNATIONAL INC COMMON STOCK	 	Common Stock	                 223,900	                              7,903,670		
MONSANTO CO	 	Common Stock	                   67,300	                              7,843,815		
NIKE INC NPV B	 	Common Stock	                   88,300	                              6,943,912		
NORTEL NETWORKS CORP COM NPV	 	Common Stock	                            2	0		
OCCIDENTAL PETROLEUM CORP COM	 	Common Stock	                   79,600	                              7,569,960		
PEPSICO INC CAP STK	 	Common Stock	                   87,000	                              7,215,780		
PHILIP MORRIS INTERNATIONAL INC NPV	 	Common Stock	                   49,800	                              4,339,074		
PRICELINE.COM INC COM STK	 	Common Stock	                     3,943	                              4,583,343		
PROCTOR & GAMBLE CO NPV	 	Common Stock	                   90,305	                              7,351,730		
QUALCOMM INC	 	Common Stock	                   98,000	                              7,276,500		
RALPH LAUREN CORP	 	Common Stock	                   29,803	                              5,262,316		
STARBUCKS CORP NPV	 	Common Stock	                   70,800	                              5,550,012		
STATE STREET CORP	 	Common Stock	                   89,892	                              6,597,174		
STRYKER CORP	 	Common Stock	                   60,500	                              4,545,970		
TJX COS INC/ THE COMMON STOCK	 	Common Stock	                   98,300	                              6,264,659		
UNITED PARCEL SERVICE INC	 	Common Stock	                   65,100	                              6,840,708		
VISA INC	 	Common Stock	                   27,566	                              6,138,397		
WELLS FARGO & CO COM STK	 	Common Stock	                 157,300	                              7,141,420		
Total Common Stock	 	 	 	$	231,660,988		
 	 	 	 	 	
Short-Term Investment Fund	 	 	 	 	
*J.P. Morgan U.S. Government Short-Term Investment Fund	 	Money Market	              9,284,178	$	9,284,178		
Total Short-Term Investment Fund	 	 	 	$	9,284,178		
 	 	 	 	 	
TOTAL MONTAG & CALDWELL LARGE CAP GROWTH FUND	 	 	 	$	240,945,166		
 	 	 	 	 	
 	 	 	 	(Continued)		

27

	
							
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
COLUMBIA DIVIDEND VALUE FUND	 	 	 	 	
 	 	 	 	 	
Common Stock	 	 	 	 	
ABBOTT LABORATORIES NPV	 	Common Stock	                   91,000	$	3,488,030		
ABBVIE INC	 	Common Stock	                 127,000	                              6,706,870		
ACCENTURE PLC CLS 'A'	 	Common Stock	                   62,425	                              5,132,584		
ACE LTD COMMON STOCK	 	Common Stock	                   26,800	                              2,774,604		
ALTRIA GROUP INC	 	Common Stock	                   92,000	                              3,531,880		
AMERICAN ELECTRIC POWER CO INC	 	Common Stock	                   40,000	                              1,869,600		
AMERICAN EXPRESS CO COM	 	Common Stock	                   49,760	                              4,514,725		
AMGEN INC	 	Common Stock	                   54,000	                              6,164,640		
AT&T INC	 	Common Stock	                   88,000	                              3,094,080		
*AUTOMATIC DATA PROCESSING INC	 	Common Stock	                   42,800	                              3,458,668		
BLACKROCK INC NPV A	 	Common Stock	                   15,400	                              4,873,638		
BOEING CO	 	Common Stock	                   44,725	                              6,104,515		
BRISTOL-MYERS SQUIBB CO	 	Common Stock	                 119,000	                              6,324,850		
CHEVRON CORP	 	Common Stock	                   58,800	                              7,344,708		
CHUBB CORP	 	Common Stock	                   24,700	                              2,386,761		
CISCO SYSTEMS INC	 	Common Stock	                 188,000	                              4,220,600		
CME GROUP INC	 	Common Stock	                   32,800	                              2,573,488		
CMS ENERGY CORP	 	Common Stock	                   55,650	                              1,489,751		
COCA-COLA CO	 	Common Stock	                   65,000	                              2,685,150		
COMCAST CORP COMMON STOCK	 	Common Stock	                   44,200	                              2,296,853		
CONOCOPHILLIPS	 	Common Stock	                   54,000	                              3,815,100		
CVS CAREMARK CORP	 	Common Stock	                   26,200	                              1,875,134		
DOMINION RESOURCES INC (VIRGINIA) NPV	 	Common Stock	                   24,600	                              1,591,374		
DOVER CORP	 	Common Stock	                   38,800	                              3,745,752		
DU PONT (E.I.)DE NEMOURS & CO	 	Common Stock	                   57,390	                              3,728,628		
DUKE ENERGY CORP COMMON STOCK	 	Common Stock	                   20,075	                              1,385,376		
EMC CORP	 	Common Stock	                 172,800	                              4,345,920		
EMERSON ELECTRIC CO	 	Common Stock	                   29,250	                              2,052,765		
ENSCO PLC SHS CLASS A	 	Common Stock	                   26,800	                              1,532,424		
EXXON MOBIL CORP NPV	 	Common Stock	                   76,500	                              7,741,800		
FIFTH THIRD BANCORP NPV	 	Common Stock	                 108,000	                              2,271,240		
GENERAL MILLS INC	 	Common Stock	                   45,100	                              2,250,941		
HOME DEPOT INC	 	Common Stock	                   80,000	                              6,587,200		
HONEYWELL INTERNATIONAL INC	 	Common Stock	                   56,500	                              5,162,405		
 	 	 	 	 	
 	 	 	 	(Continued)		

28

	
							
AUTOMATIC DATA PROCESSING, INC.	 	 	Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
COLUMBIA DIVIDEND VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
ILLINOIS TOOL WORKS INC NPV	 	Common Stock	                    20,350	$	1,711,028		
INTEL CORP	 	Common Stock	                  196,000	                              5,088,160		
INTERNATIONAL BUSINESS MACHINES CORP COM	 	Common Stock	                    25,500	                              4,783,035		
JOHNSON & JOHNSON COMMON STOCK	 	Common Stock	                    89,445	                              8,192,268		
*JPMORGAN CHASE & CO COMMON STOCK	 	Common Stock	                  120,000	                              7,017,600		
KIMBERLY-CLARK CORP	 	Common Stock	                    33,885	                              3,539,627		
KLA TENCOR CORP	 	Common Stock	                    50,000	                              3,223,000		
LYONDELLBASELL INDUSTRIES NV COMMON STOC	 	Common Stock	                    26,000	                              2,087,280		
MACY'S INC COM STK	 	Common Stock	                    62,000	                              3,310,800		
MARSH & MCLELLAN COS INC COM	 	Common Stock	                    79,860	                              3,862,030		
MATTEL INC	 	Common Stock	                    49,000	                              2,331,420		
MCDONALD'S CORP	 	Common Stock	                    49,000	                              4,754,470		
MERCK & CO INC (NEW) COM STK	 	Common Stock	                  147,600	                              7,387,380		
METLIFE INC	 	Common Stock	                    35,250	                              1,900,680		
MICROSOFT CORP COMMON STOCK	 	Common Stock	                  200,000	                              7,486,000		
NEXTERA ENERGY INC	 	Common Stock	                    16,700	                              1,429,854		
NORTHEAST UTILITIES	 	Common Stock	                    36,400	                              1,542,996		
NORTHERN TRUST CORP	 	Common Stock	                    36,200	                              2,240,418		
OCCIDENTAL PETROLEUM CORP COM	 	Common Stock	                    17,200	                              1,635,720		
PARKER-HANNIFIN CORP	 	Common Stock	                    20,950	                              2,695,008		
PEOPLE'S UTD FINL COM STK	 	Common Stock	                  100,000	                              1,512,000		
PFIZER INC	 	Common Stock	                  290,000	                              8,882,700		
PHILIP MORRIS INTERNATIONAL INC NPV	 	Common Stock	                    92,600	                              8,068,238		
PHILLIPS 66	 	Common Stock	                    36,450	                              2,811,389		
PNC FINANCIAL SERVICES GROUP	 	Common Stock	                    36,800	                              2,854,944		
PRICE T ROWE GROUP INC	 	Common Stock	                    24,525	                              2,054,459		
PROCTER & GAMBLE CO NPV	 	Common Stock	                    54,000	                              4,396,140		
RAYTHEON CO	 	Common Stock	                    55,575	                              5,040,652		
RPM INTERNATIONAL INC COM STK	 	Common Stock	                    42,800	                              1,776,628		
SCHLUMBERGER	 	Common Stock	                    35,000	                              3,153,850		
SEMPRA ENERGY CORP NPV	 	Common Stock	                    20,000	                              1,795,200		
SHERWIN-WILLIAMS CO	 	Common Stock	                    24,000	                              4,404,000		
SONOCO PRODUCTS CO NPV	 	Common Stock	                    39,535	                              1,649,400		
TEXAS INSTRUMENTS INC	 	Common Stock	                    61,875	                              2,716,931		
TIME WARNER INC	 	Common Stock	                    74,000	                              5,159,280		
TJX COS INC/ THE COMMON STOCK	 	Common Stock	                    42,475	                              2,706,932		
UNITED PARCEL SERVICE INC	 	Common Stock	                    34,575	                              3,633,141		
 	 	 	 	 	
 	 	 	 	 (Continued)		

29

	
							
AUTOMATIC DATA PROCESSING, INC.	 	 	      Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	      Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	 Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
COLUMBIA DIVIDEND VALUE FUND (Con't)	 	 	 	 	
Common Stock (Con't)	 	 	 	 	
UNITED TECHNOLOGIES CORP	 	Common Stock	                    16,400	$	1,866,320		
UNUM GROUP COM	 	Common Stock	                    65,000	                              2,280,200		
US BANCORP DELAWARE	 	Common Stock	                  112,000	                              4,524,800		
VERIZON COMMUNICATIONS INC	 	Common Stock	                  168,600	                              8,285,004		
VF CORP NPV	 	Common Stock	                    34,500	                              2,150,730		
WAL-MART STORES INC	 	Common Stock	                    35,000	                              2,754,150		
WASTE MANAGEMENT INC	 	Common Stock	                    47,325	                              2,123,473		
WELLS FARGO & CO COM STK	 	Common Stock	                  149,700	                              6,796,380		
WESTAR ENERGY INC COM	 	Common Stock	0	0		
WISCONSIN ENERGY CORP	 	Common Stock	                    36,200	                              1,496,508		
ROYAL DUTCH SHELL ADR EACH REPR 2 'A' SHS	 	Common Stock	                    44,800	                              3,192,896		
VODAFONE GROUP SPON ADR REP 10 ORD SHS	 	Common Stock	                    85,650	                              3,366,901		
AVALONBAY COMMUNITIES INC	 	Common Stock	                    11,150	                              1,318,264		
PUBLIC STORAGE COM STK	 	Common Stock	                    12,500	                              1,881,500		
SIMON PROPERTY GROUP INC	 	Common Stock	                    10,200	                              1,552,032		
 	 	 	 	 	
Total Common Stock	 	 	 	$	311,545,870		
 	 	 	 	 	
Cash Equivalents	 	 	 	 	
Short-Term Investment Fund	 	 	 	 	
*J.P. Morgan U.S. Government Short-Term Investment Fund	 	Money Market	            15,044,086	$	15,044,086		
Total Cash Equivalents	 	 	 	$	15,044,086		
 	 	 	 	 	
Investment Companies	 	 	 	 	
Mutual Funds	 	 	 	 	
SPIDER S&P 500 ETF TRUST	 	Mutual Funds	                   32,875	$	6,071,026		
Total Investment Companies	 	 	 	$	6,071,026		
 	 	 	 	 	
TOTAL COLUMBIA DIVIDEND VALUE FUND	 	 	 	$	332,660,982		
 	 	 	 	 	
 	 	 	 	(Continued)		

30

	
							
AUTOMATIC DATA PROCESSING, INC.	 	 	Plan Number 002	
RETIREMENT AND SAVINGS PLAN	 	 	Plan Sponsor EIN 22-1467904	
 	 	 	 	 	
FORM 5500, SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)	 	
AS OF DECEMBER 31, 2013	 	 	 	 	
 	 	 	 	 	
 	 	Description	Number	Current	
Identity of Issuer, Borrower or Similar Party	 	of Investment	of Shares	 Value	
 	 	 	 	 	
Retirement Income	 	 	 	 	
*JPMORGAN SMARTRETIREMENT INCOME FUND	 	Commingled Trust	               2,771,685	$	45,095,317		
 	 	 	 	 	
Retirement 2010	 	 	 	 	
*JPMORGAN SMARTRETIREMENT 2010 FUND	 	Commingled Trust	               1,733,877	$	29,094,456		
 	 	 	 	 	
Retirement 2015	 	 	 	 	
*JPMORGAN SMARTRETIREMENT 2015 FUND	 	Commingled Trust	               4,736,281	$	82,837,561		
 	 	 	 	 	
Retirement 2020	 	 	 	 	
*JPMORGAN SMARTRETIREMENT 2020 FUND	 	Commingled Trust	             11,927,914	$	219,712,168		
 	 	 	 	 	
Retirement 2030	 	 	 	 	
*JPMORGAN SMARTRETIREMENT 2030 FUND	 	Commingled Trust	             12,454,171	$	235,134,753		
 	 	 	 	 	
Retirement 2040	 	 	 	 	
*JPMORGAN SMARTRETIREMENT 2040 FUND	 	Commingled Trust	             10,315,135	$	198,669,492		
 	 	 	 	 	
S&P 500 Index Fund	 	 	 	 	
NORTHERN TRUST S&P 500 INDEX FUND	 	Commingled Trust	               2,388,557	$	360,409,415		
 	 	 	 	 	
Money Market Fund	 	 	 	 	
GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND	 	Money Market	           228,449,792	$	228,449,792		
 	 	 	 	 	
Pyramis Select International Plus Commingled Pool	 	 	 	 	
PYRAMIS SELECT INTERNATIONAL PLUS COMMINGLED POOL	 	Commingled Trust	            19,769,554	$	264,516,633		
 	 	 	 	 	
ING Small-Cap Growth Fund	 	 	 	 	
ING SMALL-CAP GROWTH FUND	 	Commingled Trust	            19,319,133	$	291,853,208		
 	 	 	 	 	
Total Investment Funds	 	 	 	$	3,456,732,023		
 	 	 	 	 	
*Participant loans - original loan amounts	 	 	 	 	
ranging from $1,000 to $50,000 with interest rates	 	 	 	 	
ranging from 4.25% to 10.5% collateralized by	 	 	 	 	
the participant's vested interest in the account balance.	 	 	 	 	
The loan maturity dates range from 2014 to 2019	 	 	 	$	86,740,438		
 	 	 	 	 	
TOTAL INVESTMENTS	 	 	 	$	3,543,472,461		
 	 	 	 	 	
 	 	 	 	 (Concluded)		
*Permitted party-in-interest	 	 	 	 	
Cost information is not required for participant directed investments and is therefore not included.	 	 	
See Report of Independent Registered Public Accounting Firm.	 	 	

31

SIGNATURE

The Plan . Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

	

 	 	AUTOMATIC DATA PROCESSING, INC.	
 	 	RETIREMENT AND SAVINGS PLAN	
 	 	(Name of Plan)	

                        

			
Date: June 23, 2014	 	/s/ Michael A. Bonarti	
 	 	Michael A. Bonarti	
 	 	Trustee of the Plan	
 	 	Vice President, General Counsel and Secretary	
 	 	Automatic Data Processing, Inc.	

32

Exhibit 23
Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in Registration Statements Nos. 333-110395, 333-75468, 333-90540 and 333-146565 of Automatic Data Processing, Inc. on Form S-8 of our report dated June 23, 2014, appearing in this Annual Report on Form 11-K of Automatic Data Processing, Inc. Retirement and Savings Plan for the year ended December 31, 2013.

/s/ CohnReznick LLP

Roseland, New Jersey
June 23, 2014

33