Paychex, Inc., one of the nation’s leading providers of 401(k)
recordkeeping services for America’s businesses, ranks as the largest
401(k) recordkeeper by number of plans for the second year in a row,
according to a recent national survey from Plansponsor magazine.
The fourteenth annual recordkeeping survey conducted by Plansponsor,
a national publication dedicated to the pension and retirement industry,
ranked Paychex as the leading provider in the category of total
recordkeeping plans, serving 58,000 plans. Having been recognized
previously in 2011, this marks the second time Paychex earned this honor.
Paychex also came in first by number of new plans won in 2011 with
12,200, the ninth time Paychex received this honor. Paychex also ranked
seventh for net percentage increase in plans from 2010 to 2011. For the
complete results of the Plansponsor survey please visit http://www.plansponsor.com/RK_Survey_2012.aspx.
“Paychex is committed to helping America’s small business owners provide
the right retirement plan for their businesses,” said Lonny Ostrander,
vice president of Human Resources Services Sales for Paychex. “Receiving
this national recognition not only reaffirms our capabilities, but
demonstrates our experience and knowledge in the industry.”
“The defined contribution market is as strong as ever. 2011 represents
the most plans, assets, and participants in the 14 year history of the
survey. This continued growth has fostered intense competition among the
field of providers, resulting in constant investment and improvement in
new products and services to benefit retirement plan sponsors and
participants,” said Quinn Keeler, senior vice president of research at
Asset International, which publishes Plansponsor magazine.
recordkeeping services are part of the company’s suite of retirement
offerings and are designed to meet the needs of small- to medium-sized
businesses. They include:
401(k) with safe harbor provision
For more information, visit http://www.paychex.com/employee-benefits/401k-retirement/.
Paychex is the preferred payroll and retirement services provider for
the American Institute of Certified Public Accountants (AICPA) Trusted
Business Advisor Program.
Paychex, Inc. (NASDAQ: PAYX)
is a leading provider of payroll, human resource, and benefits
outsourcing solutions for small- to medium-sized businesses. The company
offers comprehensive payroll services, including payroll processing,
payroll tax administration, and employee pay services, including direct
deposit, check signing, and Readychex®. Human resource services include
401(k) plan recordkeeping, section 125 plans, a professional employer
organization, time and attendance solutions, and other administrative
services for business. A variety of business insurance products,
including group health and workers' compensation, are made available
through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With
headquarters in Rochester, New York, the company has more than 100
offices serving approximately 567,000 payroll clients as of May 31,
2012. For more information about Paychex and our products, visit www.paychex.com.
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