401(k) Administration and Recordkeeping
Payroll Integration
Paychex can integrate 401(k) data with Paychex Payroll to greatly simplify plan administration, while helping ensure the accuracy of your participants' information.
Web Access & Phone Support
Paychex provides 24-hour plan access through the Paychex Retirement Services Website. Toll-free phone assistance is also available.
Forms & Documentation
Paychex prepares federal Form 5500 annually and Forms 1099-R and 945 as required, as well as all required legal documents, including the corporate resolution, adoption agreement, and Summary Plan Description.
Compliance
Paychex performs daily valuations on all account balances, performs quarterly nondiscrimination testing, and provides vital management reports and participant statements.
Loans
Paychex models and manages any loans on your participants' retirement account assets.