Paychex Again Recognized as Industry Leader in 401(k) Recordkeeping Services
For the eighth consecutive year,
"At Paychex Retirement Services, our goal is to help America's businesses prepare their valued employees for a secure retirement," said
In addition to earning consecutive accolades as the largest recordkeeper by number of plans,
Solutions from Paychex Retirement Services meet the needs of businesses of all sizes by delivering:
* Next-level efficiency with full Paychex HCM integration - The ability to integrate retirement into the full suite of services from
* Fee Transparency - Plan sponsors and participants benefit from a clear picture of the fees they pay. With the Return of Concessions 401(k) feature, any revenue-sharing payments are returned to the participant accounts from which they were generated, ensuring fee equalization, share class neutrality, and fee transparency.
* Plan accessibility across devices - Plan sponsors can view and manage every aspect of their plan from a desktop or mobile device, including employee data, plan administration, documents and reports, and plan tips and tools.
* Investment flexibility and fiduciary solutions - Plan sponsors can match investment objectives with acceptable levels of risk and return, with no proprietary requirements.
* Participant support - Participants can enroll with ease, access their accounts through the online portal or mobile app, get personalized quarterly statements, use the retirement calculator to check their savings progress, and get personalized investment advice from third party experts
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