Adp401k.com: A Comprehensive Online Resource for Retirement Planning; Centralized Web Site Offers ADP Products, Interactive Tools, Information and the Latest Industry Trends.Business Editors ROSELAND, N.J.--(BUSINESS WIRE)--April 30, 2001 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. , Inc., a subsidiary of Automatic Data Processing Same as data processing. , Inc. (ADP(R)), today announced the launch of adp401k.com, an easy-to-use retirement services portal that provides employers with a powerful resource to help them select an employee retirement plan that best suits their (and their employees') needs. The site offers employees convenient access to detailed information, such as current legislation and industry trends, educating them for better decision-making when planning for retirement. Adp401k.com contains a comprehensive menu of ADP Retirement Services products and services, making available innovative and interactive planning tools and calculators, and various solutions for employers to help attract and retain employees. The site provides frequently updated information from industry-leading resources such as Standard and Poors, PlanSponsor.com and the Profit Sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of Council of America, and useful links to Web sites maintained by government agencies and other organizations. Additional features include: investment basics, a college savings planner, first-time home mortgage sections, information on tax issues including legislation, and a useful research hub with informative retirement and personal finance articles written by leading industry experts. "Adp401k.com is a unique, one-stop-shop containing quality information for employers who provide 401(k) plans or are looking into that possibility," said Ian Sheridan, vice president of marketing and business development at ADP Retirement Services. "Our Web site pulls together an exceptional line-up of top-tier resources that helps employers and employees with their retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. ." About ADP Retirement Services ADP Retirement Services, which is a service provider to over 10,000 plans ranging in size from one participant to tens of thousands, is dedicated to providing comprehensive retirement plan services to clients of all sizes and in all industries. ADP Retirement Services simplifies the administrative process for the corporate payroll, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. or benefits professional or business owner by linking retirement plan recordkeeping services to company payrolls - helping to eliminate paperwork and lower costs. ADP Retirement Services is part of the Employer Services division of ADP- the leading global provider of comprehensive payroll, human resources and benefits administration outsourcing services. About ADP Automatic Data Processing, Inc. (NYSE NYSE See: New York Stock Exchange : ADP) is one of the largest global providers of computerized transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and information services See Information Systems. , with more than $6 billion in revenues and more than 500,000 clients worldwide. ADP Inc.'s Employer Services (ES) Division is a leading provider of integrated business administrative solutions that help clients efficiently manage their internal processes, allowing them to focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
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