Basic Payroll Dictionary of Payroll and HR Terms

Basic Payroll Dictionary of Payroll and HR Terms This Dictionary is a compilation of Terms related to the Payroll professional in general, but also includes Terms specific to ADP. The definitions relating to ADP Terms do not include any internal or restricted proprietary information, and can be otherwise obtained from publicly available sources. We are in the process of adding Terms from other Payroll service providers. The definitions of this Dictionary are written in a concise and broad manner so as to provide the reader with a general understanding of the defined Terms , and as such, should not be cited in lieu of legal counsel or authority. Links not preceded by the word our are to government web pages outside this website.

actually send the 401(k) amounts withheld from employee checks to their 401(k) administrator (such as CIGNA or Merrill Lynch, etc.). If a client uses ADP’s 401(k) service, then ADP calculates and deducts amounts from employee checks, and is also responsible for handling the financial transactions associated with those deductions.

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