Why Work With Paychex?
You know what your clients need. We know how to deliver it. From retirement plan design to setup and administration, we take care of the details so you can focus on delivering a great client experience.
Support for Your Practice
Our products and services for advisors combine practicality and innovation to make it easier to serve your retirement clients.
- Online advisor console — a real-time account management dashboard
- Educational tools for clients — calculators and retirement readiness tools
- Thousands of investments to choose from — with complete investment neutrality
- Return of concessions and no hidden fees
- Compliance and regulatory guidance
Partner With Paychex
Retirement Plans for Any Size Client
Whether your clients are starting a new plan or converting one, we’ll work with you to find the right plan for their business. Completely investment-neutral, we have thousands of investment options to choose from. Plus, tiered pricing for cost-sharing options, 3(38) investment management, online auto-enrollment and more.
- Traditional 401(k)
- Pooled Employer 401(k) Plan (PEP)
- Safe Harbor
- Profit-Sharing
- Solo 401(k)
- SIMPLE IRA
When Payroll Meets Retirement, Everything’s Simpler
Our all-in-one platform, Paychex Flex®, integrates retirement with payroll so administration is almost completely automated and hands-off for your clients. This helps them save time and reduce cost. It also improves reporting accuracy and helps ensure they never miss a deadline. We can also provide recordkeeping and third-party administration (TPA) services, bundled or standalone.
Do you have clients who aren’t on Paychex payroll? No problem. We can integrate their retirement plan with one of 70+ other payroll providers.
Fairness, Transparency, and No Hidden Fees
Our fee-levelized 401(k) feature ensures unbiased investment options and fee transparency. Paychex does not keep the revenue-sharing payments, or “concessions”, that mutual funds routinely give to recordkeepers and TPAs. Instead, payments go to the participants.
Online Tools and Resources
Our industry-leading advisory tools are designed to help you serve your clients quickly and efficiently. Use the Advisor Console to manage plans and access your book of business with Paychex. Our k(index) feature provides access to thousands of investment choices. And our 401(k) fiduciary checklist and retirement calculator helps make sure sponsors and participants are retirement-ready and compliant.
Plan Set-Up With Hassle-Free Onboarding
Since Paychex onboards thousands of 401(k) plans each year, we know how to make the process of starting or converting a retirement plan smooth and trouble-free. A dedicated implementation manager will guide plan sponsors through onboarding, enrollment, training and more.
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.