Paychex, Inc.

Firm Profile

Paychex, Inc. is a leading provider of integrated human capital management solutions, including a full suite of retirement services designed to meet the needs of businesses of all sizes. In addition to extensive options for plan sponsors, Paychex Retirement Services also works with financial advisors to help grow retirement plan business through a dedicated team of wholesalers, sales representatives, and advisor support experts.

KEY CONTACTS
Sales: (855) 588-4775
Service: (877) 283-9520

WEBSITE
www.paychex.com

PRIMARY MARKET(S) SERVED
Micro (<$1 million)
Small ($1-$10 million)

# OF PLANS/PARTICIPANTS SERVED BY TYPE
As of 12/31/16
401(k): 76,900/849,000
Other: 100/800

ADVISOR SUPPORT SERVICES

  • Compliance Support
  • Plan Benchmarking
  • Training for DC Plan Sales/Service

PLANS BY CHANNEL

  • Direct Sold: %55
  • Advisor Sold: %45

ASSET ALLOCATION FUNDS

DEUTSCHE ALTERNATIVE ASSET ALLOCATION R
EATON VANCE TAX MANAGED EQUITY ASSET ALLOCATION A
EATON VANCE TAX MANAGED EQUITY ASSET ALLOCATION C
GOLDMAN SACHS ASSET ALLOCATION GROWTH & INCOME STRATEGY INST
GUIDEPATH ABSOLUTE RETURN ASSET ALLOCATION INST
GUIDEPATH STARTEGIC ASSET ALLOCATION INST
GUIDEPATH TACTICAL CONSTRAINED ASSET ALLOCATION INST
GUIDEPATH TACTICAL UNCONSTRAINED ASSET ALLOCATION INST
JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION I
JOHN HANCOCK ALTERNATIVE ASSET ALLOCATION R2
PUTNAM DYNAMIC ASSET ALLOCATION BALANCE R6
PUTNAM DYNAMIC ASSET ALLOCATION CONSERVATIVE R6
PUTNAM DYNAMIC ASSET ALLOCATION GROWTH R6
PUTNAM DYNAMIC ASSET ALLOCATION: BALANCED A
PUTNAM DYNAMIC ASSET ALLOCATION: BALANCED C
PUTNAM DYNAMIC ASSET ALLOCATION: BALANCED R
PUTNAM DYNAMIC ASSET ALLOCATION: BALANCED Y
PUTNAM DYNAMIC ASSET ALLOCATION: CONSERVATIVE A
PUTNAM DYNAMIC ASSET ALLOCATION: CONSERVATIVE R
PUTNAM DYNAMIC ASSET ALLOCATION: CONSERVATIVE Y
PUTNAM DYNAMIC ASSET ALLOCATION: GROWTH A
PUTNAM DYNAMIC ASSET ALLOCATION: GROWTH R
PUTNAM DYNAMIC ASSET ALLOCATION: GROWTH Y
SUNAMERICA MULTI-ASSET ALLOCATION PORTFOLIO A
SUNAMERICA MULTI-ASSET ALLOCATION PORTFOLIO C
TRANSAMERICA ASSET ALLOCATION – CONSERVATIVE PORTFOLIO
TRANSAMERICA ASSET ALLOCATION – GROWTH PORTFOLIO
TRANSAMERICA ASSET ALLOCATION – MODERATE GROWTH PORTFOLIO
TRANSAMERICA ASSET ALLOCATION – MODERATE PORTFOLIO
TRANSAMERICA ASSET ALLOCATION CONSERVATIVE A
TRANSAMERICA ASSET ALLOCATION CONSERVATIVE PORTFOLIO R
TRANSAMERICA ASSET ALLOCATION GROWTH A
TRANSAMERICA ASSET ALLOCATION GROWTH C
TRANSAMERICA ASSET ALLOCATION GROWTH PORTFOLIO R
TRANSAMERICA ASSET ALLOCATION MODERATE C
TRANSAMERICA ASSET ALLOCATION MODERATE A
TRANSAMERICA ASSET ALLOCATION MODERATE GROWTH A
TRANSAMERICA ASSET ALLOCATION MODERATE GROWTH PORTFOLIO
TRANSAMERICA ASSET ALLOCATION MODERATE GROWTH PORTFOLIO R
TRANSAMERICA ASSET ALLOCATION MODERATE PORTFOLIO R
TRANSAMERICA ASSET ALLOCATION- CONSERVATIVE PORTFOLIO
WELLS FARGO ASSET ALLOCATION A
WELLS FARGO ASSET ALLOCATION R

PLATFORMS USED

Proprietary recordkeeping system, Omni SunGard

PLAN SPONSOR SERVICE(S)

  • Enrollment Meetings
  • Client and Participant Call Center
  • Web and Mobile access to plan data
  • Fiduciary Products Offered 3(38), 3(21), 3(16)

PARTICIPANT SUPPORT SERVICES

  • Retirement Income Estimates/Projections
  • Rollover Services
  • Call Center Support
  • Smartphone Access to Participant Balances
  • Smartphone transaction access for participants

OTHER SERVICES AVAILABLE

  • Full HCM suite
  • Payroll
  • Insurance
  • PEO