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File:Automatic Data Processing (logo).svg. Size of this PNG preview of this SVG file: 220 × 100 pixels. Other resolutions: 320 × 145 pixels | 640 × 291 pixels | 1,024 × 465 pixels | 1,280 × 582 pixels | 2,560 × 1,164 pixels. This is a file from the Wikimedia Commons. Information from its description page there is shown below.
In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [3] The company established a subsidiary in the United Kingdom in 1965.
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Contributions can grow tax-free and then can be withdrawn tax-free starting at age 59 ½. A 401 (k) has a maximum annual contribution amount, which is $23,000 in 2024. Those age 50 and older can ...
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In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401 (k) plans ...
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