Sephira

What Does the Like-for-Like Sales Number Show?

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The like-for-like sales number is a measure of a company’s sales performance over time. It is a way to compare sales from one period to another, without considering the effects of inflation or other factors that can distort the data. To calculate like-for-like sales, you take the sales from a specific period and compare it … Read more

Actual Deferral & Actual Contribution Percentage Tests (ADP/ACP).

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The Actual Deferral Percentage Test (ADP) is a test used by 401(k) plans to ensure that participants are not disproportionately benefiting from the plan. The test compares the average deferral percentage of highly compensated employees (HCEs) to the average deferral percentage of non-highly compensated employees (NHCEs). If the average deferral percentage of the HCEs is … Read more