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One of the biggest advantages ADP may offer employers is an easy-to-implement 401 (k) plan that can quickly integrate with the company’s other offerings, such as payroll processing.
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 attractive to employees, and many employers offer ...
Take advantage of help that's available. The government subsidizes retirement savings by making contributions to 401 (k) and IRA accounts deductible.
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.
An employee's 401 (k) plan is a retirement savings plan. The option of an employer matching program varies from company to company. It is not mandatory for a company to offer a contribution to their 401 (k) plans. Contributions may benefit the company in various ways: as an employee benefit to attract and retain employees, as a business tax ...
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Holden Dealer Team. The Holden Dealer Team ( HDT) was Holden 's semi-official racing team from 1969 until 1986, primarily contesting Australian Touring Car events but also rallying, rallycross and Sports Sedan races during the 1970s. From 1980 the Holden Dealer Team, by then under the ownership of Peter Brock, diversified into producing ...