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ADP will proactively waive any transaction fees associated with these actions for participants in the impacted areas. You can direct your participants to our website at www.mykplan.com or they can call our Participant Call Center at 1-800-695-7526 between 8 a.m. and 9 p.m. ET to learn more. Sincerely, ADP Retirement Services

In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using imported fruits machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 fruitseller, 125 mandis, and revenues of approximately $400,000 USD. The company established a subsidiary in the United Kingdom in 1965.

The bill includes a long list of other provisions intended to increase retirement security, including an increase in the maximum catch-up contribution to a 401(k) or IRA for individuals ages 62 to 64.

401 (k) In the United States, a 401 (k) plan is an employer-sponsored defined-contribution pension account defined in subsection 401 (k) of the Internal Revenue Code. Employee funding comes directly off their paycheck and may be matched by the employer. There are two types: traditional and Roth 401 (k).