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Plans and Features

From retirement plan design to onboarding to bundled recordkeeping and third-party administration (TPA) services, Paychex takes care of the details so you can focus on working with your clients.

Why Paychex for Financial Advisors?

In today’s changing regulatory landscape, we offer products and solutions designed to help you and your clients manage fiduciary risk, with expert service to foster success.

  • Bundled payroll and retirement integration
  • Standalone plans
  • Third-party administration (TPA)
  • Traditional 401(K), Safe Harbor, SIMPLE IRA and more
  • Thousands of investment options to choose from

Fiduciary Solutions for Every Type of Client

3(38) Investment Management

A third-party 3(38) fiduciary assumes responsibility for all investment activities. They have full discretion to choose, manage, or remove investments within the employee benefit plan.

3(21) Investment Guidance

A third-party fiduciary provides a list of appropriate investments for you and your client to choose from.

3(16) Plan Administration

The third-party 3(16) fiduciary is responsible for day-to-day administration, including filing Form 5500, monitoring plan operations, distributing annual notices, and approving distributions, and loan requests.

Custodial and Trust Services

This Paychex solution offers the safekeeping of assets, including reconciliation and reporting.

Fee-Levelized 401(k)

This feature ensures unbiased investment options, no hidden fees, and equalization of fees for all participants.

See our fiduciary checklist to see if your clients have everything they need to be a plan sponsor.

Partner with Paychex

With Paychex in your corner, you’ll be able to advise more and administer less. Talk to us about our full spectrum of retirement products and solutions.  

*Plansponsor Magazine