Introduction
Paychex, Inc.
www.paychex.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #29 | $30,133 | |||
401(k) | $29,973 | |||
403(b) | $0 | |||
457 | $0 | |||
NQDC | $0 | |||
All Other | $160 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #28 | 870,000 | |||
<$10MM | 847,000 | |||
$10MM – $50MM | 23,000 | |||
>$50MM – $200MM | 0 | |||
>$200MM – $1BMM | 0 | |||
>$1B | 0 |
Service Offerings | |
---|---|
New client restrictions | No company stock; no Taft-Hartley or union plans |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 2 |
Will act as §3(16) fiduciary | Yes - via third party |
Participant Services | |
---|---|
Call center hours | Weekdays: 8 a.m. - 8 p.m. ET |
Online chat support | Yes |
Mobile app | Yes |
Managed account options | GuidedChoice |
Retirement Income | |
---|---|
Displays retirement income estimate on statements | No |
Offers in-plan guaranteed retirement income products | No |
Offers out-of-plan annuity bidding service | No |
Recordkeeping Platform FIS Omni, Proprietary and other systems |
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