Paychex Once Again Recognized by Plansponsor Magazine as Leader in Total Recordkeeping Plans
Paychex, Inc., one of the nation's leading providers in retirement recordkeeping services for America's businesses, ranks as the largest total recordkeeper by number of plans, according to a recent survey from Plansponsor magazine, a national publication dedicated to the pension and retirement industry. Serving more than 60,000 plans, this marks the fourth consecutive year Paychex has earned the honor.
"Paychex is incredibly proud of the role we play in helping small business owners, and their employees, save 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 continues to be the industry's leading provider of total recordkeeping plans."
For the complete results of the Plansponsor survey, visit www.plansponsor.com/2014_RK_Survey.aspx.
In addition to earning consecutive accolades as the largest total recordkeeper, Paychex has also ranked as the top provider by the number of plans won ten times throughout the survey's 16-year history.
Paychex recordkeeping services are part of the company's suite of retirement offerings and are designed to meet the needs of small- to medium-sized businesses. Plans include:
- 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.
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/partnerships/financial-advisors.