ADP


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ADP

Biochem adenosine diphosphate; a nucleotide derived from ATP with the liberation of energy that is then used in the performance of muscular work

ADP

(biochemistry)

ADP

(1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing.

(2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp.com) An international computer services company that specializes in payroll processing. From a modest start in 1949 by founding brothers Henry and Joe Taub, ADP evolved from payroll assistance to modern day outsourcing of record keeping, benefit administration, retirement account services, human resources, and screening and selection services. The company's first salesman, credited with a huge role in the success of the business, was Frank Lautenberg, who rose through the ranks to be its president and left decades later to enter politics as a prominent senator from New Jersey.
References in periodicals archive ?
401(a)(4) both before and after the QNECs are used in the ADP (or ACP) test.
Quotron will continue to pursue all remaining aspects of this case aggressively, including monetary damages against ADP and Smith Barney for copyright infringement and misappropriation of trade secrets, attorney's fees, and other costs of the suit.
The Solution Innovation award is presented to clients who have demonstrated an outstanding commitment and contribution to the future direction of ADP services, products and functionality, while the MVP Award is an appreciation award to recognize particularly strong ADP/client relationships.
ADP commissioned Spring Consulting Group, LLC to identify the benefits of ADP's payroll and 401(k) plan services for its clients.
ADP Time and Labor Management Services produce cost savings by automating collection of employee hours and application of company payroll policies.
By hosting and maintaining clients' payroll and HR solutions, ADP clients experience much lower initial systems cost and virtually no upgrade costs.
This includes plan design, contribution processing, payroll integration for ADP payroll clients, compliance support, and loan administration services.
The TPASelect program delivers on ADP's strategy of partnering with key members of the retirement services community to provide comprehensive solutions that meet the needs of today's employers," said Kendall Kay, Vice President, Marketing, Strategic Planning and Business Development, ADP Retirement Services.
They can complete courses online via ADP's Professional Education Center Web site, via DVD/VHS in their office, or ADP can present materials in person at accountants' offices.