PLANSPONSOR Recognizes Paychex as Leader in Total Recordkeeping Plans Again
Paychex, Inc., one of the nation’s leading providers in retirement recordkeeping services for businesses, ranks as the largest recordkeeper by total number of defined contribution plans, according to a recent survey from PLANSPONSOR magazine, a national publication dedicated to the pension and retirement industry. Serving 68,000 plans, Paychex has earned the honor five consecutive years.
“Paychex is extremely proud to partner with business owners, and their employees, to guide them through the process of saving for retirement,” said Lonny Ostrander, vice president of human resource services sales for Paychex. “By working closely with this segment of the market, and partnering with financial advisors to support the growth of their businesses, Paychex embraces its role as the industry’s leading provider of total recordkeeping plans.”
For the complete results of the PLANSPONSOR survey, click here.
In addition to earning consecutive accolades as the largest recordkeeper by number of plans, Paychex has also ranked as the top provider by the number of plans won ten times throughout the survey’s 17-year history.
Paychex recordkeeping services are part of the company’s suite of retirement offerings, which are designed to meet the needs of businesses of all sizes. Available plan types include:
- Traditional 401(k)
- 401(k) with safe harbor provision
- Owner-only 401(k)
- 401(k) SIMPLE
- SIMPLE IRA
- Profit-sharing plans
In addition to extensive options for plan sponsors, Paychex also works with financial advisors to help grow retirement plan business through a dedicated team of internal and external wholesalers.
Paychex is the preferred payroll and retirement services provider for the American Institute of Certified Public Accountants (AICPA) Trusted Business Advisor Program.