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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. Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This legal option is what makes 401(k) plans ...
Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.
A 401 (k) plan is a retirement account offered by employers. Employees can opt to have some of their earnings deducted from their paychecks and put into a 401 (k). These deductions are pretax ...
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 $400,000 USD. [2] The company established a subsidiary in the United Kingdom in 1965.
Pension. A pension ( / ˈpɛnʃən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during the individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be:
Adenosine diphosphate, an organic compound essential in metabolism, resulting from the transfer of energy from ATP. Ammonium dihydrogen phosphate or monoammonium phosphate (MAP), an optical crystal. Air displacement plethysmography, a method to determine the percentage of body fat. Antidepressant Pill, a medication taken to alleviate clinical ...