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Employee Benefits Services

Attract and retain the best talent with access to a cost-effective, comprehensive employee benefits package from Paychex. We can help you level the playing field against Fortune 500 companies, take time-consuming HR administrative responsibilities off your plate, and support you with seamless online employee benefits administration.

Support Recruiting and Engage Your Team With Employee Benefits

Individual Health Insurance

Have you lost your group coverage? Call in the professionals. Our licensed insurance agents will look at your insurance needs and help find a healthcare plan to fit your situation.

Contact us today to get a free quote

Why Employee Benefit Services Help Your Business

Benefits Administration Challenges Many Employers

32% of business owners struggle with offering competitive employee benefits and compensation.1

Improve Benefits Offerings Without Additional Costs

PEO clients can help reduce the cost of health insurance benefits for employees, compared to those who go it alone.

Stay Competitive While Alleviating Your Administrative Responsibilities

One of the most frequent responsibilities that business owners would like to outsource is the administration of 401(k) and benefits.

Offer Convenience and Value to Employees

Paychex Flex® allows employees to initiate a variety of activities themselves, empowering them to get the answers they need, when they need them — saving your HR teams’ time and helping maintain everybody’s productivity. Through the Paychex Flex website or mobile app, you can:

  • Control costs by integrating payroll and benefits with our integrated technology platform.
  • Help your workforce save for their financial future with 401(k) plans, HSAs, and the financial wellness tool, FinFit®
  • Offer an EAP to reinforce your commitment to employee wellbeing — confidential EAP resources and support can help employees deal with challenges head-on
employee using the flex mobile app

Provide Support Through Employee Assistance Programs (EAP)

Confidential resources and support that help employees deal with challenges head-on — counseling, resolving medical claims, managing stress, stopping smoking, or losing weight — can help reinforce your commitment to their well-being.

an employee receiving support through an assistance program

FinFit® Financial Wellness Program

85% of employees would like consultation on financial education.3 This valuable benefit is offered free to all Paychex customers. Support your workforce in their efforts to secure their financial future with:

  • Personalized financial assessments
  • Online education, budgeting tools and credit resources
  • Student Loan Consolidation Concierge
  • Short-term employee loans* for emergencies and the unexpected
  • Smarter alternatives to 401(k) loans, payday loans and payroll advances
  • Open configuration options
  • A financial wellness benefit at no extra charge
A financial wellness benefit at no extra charge

Paychex Is the Most Experienced Retirement Plan Provider

We offer all-in-one payroll and employee benefits administration for more efficient recordkeeping. Add to that flexible plan designs, full-service administration, employee self-service, and the expertise of the nation’s number one 401(k) plan recordkeeper2.

Using a computer to select retirement plans

Find the Right Solution for Your Business

We can help you discover what you may need and how to get there. Tell us more about your business with our interactive solutions tool.

PEO: An Affordable Way To Manage Employee Benefits

A professional employer organization (PEO) provides economies of scale that may allow you to offer valuable company benefits and services, such as 401(k) plans and HSA or FSA accounts. A dedicated Paychex HR professional  is also assigned to you to proactively assess your needs and create an action plan and provide knowledgeable HR advice.

Business owner on the phone and computer

Gain Total Visibility With Up-to-Date Benefits Data

Leverage complete administrative visibility and control over comprehensive benefits data and processes, including up-to-the-minute status and eligibility changes. Drive informed decision-making with reports by department, location, division, or other data categories. Data can also be made available to brokers or third-party administrators.

employer using the flex dashboard

Employee Benefit FAQs

  • Why Are Employee Benefits So Important?

    Why Are Employee Benefits So Important?

    Two words: recruitment and retention. Surveys show that an overwhelming majority of today’s job candidates prefer an employer who offers a good employee benefits and employee services package. Employees who have benefits tend to stay longer in their jobs, saving the organization the cost of replacement and onboarding.

    We offer benefits administration tools that help you with the process of choosing, setting up, and managing your benefits package.

  • How Do You Offer and Manage Employee Benefits?

    How Do You Offer and Manage Employee Benefits?

    Businesses may set up their own benefits packages, but managing company benefits services and employee plan services accounts and keeping up to date with regulations can be a burden. Many businesses outsource their benefits administration to an all-in-one provider who can manage the complexities of retirement, health insurance, compliance, and ACA/ESR requirements.

  • What Are Legally Required Benefits?

    What Are Legally Required Benefits?

    Certain employee benefits are legally mandated by federal, state, and local laws. These vary by location but may include Social Security and Medicare. Federal mandatory employee benefits include:

    • Social Security and Medicare
    • Unemployment insurance
    • Workers' compensation insurance
  • How Much Do Employee Benefits Cost?

    How Much Do Employee Benefits Cost?

    The price of an employee benefits package can vary depending on the complexity of the plans. A Paychex HR business partner is available to help you select a benefits package that meets your business goals, budget, and company culture.

  • What Employee Benefits Are Most Important?

    What Employee Benefits Are Most Important?

    Depending on federal and state laws and regulations, businesses may be legally required to offer unemployment insurance, workers' compensation, and other benefits. Businesses may also give employees the options of voluntary benefits for dental or life insurance, flexible spending accounts (FSA/HSA), or 401(k) plans. Employees may consider other “non-traditional” benefits to be important, such as stock options, tuition reimbursement, and telecommuting or remote work — one of the most desired benefits, according to the 2021 Paychex Pulse of HR Survey.

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