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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.
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 ...
Gary C. Butler was the CEO and president of Automatic Data Processing. [1] He held this position from August 2006 through November 2011, and had been with the company for 37 years. From 1990 to 1995, he served as Group President for ADP's Dealer Services Group; and from 1995 to 1998 he served in the same capacity for ADP's Employer Services Group.
Contributions can grow tax-free and then can be withdrawn tax-free starting at age 59 ½.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 ...
Financials as of June 30, 2023. [update] [1] Broadridge Financial Solutions, Inc. is a public corporate services and financial technology company founded in 2007 as a spin-off from management software company Automatic Data Processing. Broadridge supplies public companies with proxy statements, annual reports, and other financial documents, as ...
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ADP (company), an American provider of human resources management software and services. AdP, a German self-help organisation for patients who have undergone pancreatectomy. Association of Directory Publishers, an international trade organization for print and online directory publishers.
The company is a subsidiary [9] of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned only by its employees and retired employees and is not publicly traded. [ 10 ] [ 11 ] Edward Jones appointed Penny Pennington as managing partner, effective January 2019, making her the firm's sixth managing partner and the ...