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Paychex Again Ranks Among Top 401(k) Recordkeepers In U.S.

PLANSPONSOR Recognizes Paychex as Leader in Total Recordkeeping Plans Again

June 17, 2015


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.”

See the complete results of the PLANSPONSOR survey.

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
  • 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.

For more information on Paychex 401(k) services, visit www.paychex.com/retirement. Financial advisors interested in partnering with Paychex should visit www.paychex.com/advisors.

Paychex is the preferred payroll and retirement services provider for the American Institute of Certified Public Accountants (AICPA) Trusted Business Advisor Program.

Tracy Volkmann
Public Relations Program Manager

Tracy Volkmann

Tracy Volkmann began working at Paychex in July 2014 and currently serves as the public relations program manager. In this role, she is responsible for research PR efforts, as well as all publicity for the company's technology solution, Paychex Flex, and supporting overall goals of the public relations department. Tracy is a graduate of St. Bonaventure University and has a background in collegiate athletic communications, having spent seven years at West Point.

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