Plan Snapshot
- Plan Sponsor: Paychex , INC.
- Sponsor EIN: 161124166
- Sponsor Address: 911 PANORAMA TRAIL SOUTH, ROCHESTER, NY, 14625
- Plan Type: 401(k)
- Total Participants: 15,000
- Total Assets: $2.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 15,000 | $2.3B | $37.3M | $101.7M |
| 2023 | 15,547 | $2.0B | $38.2M | $104.1M |
| 2022 | 15,687 | $1.7B | $35.8M | $100.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $711,952 | — | $711,952 |
| INSERO & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- INSERO & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $711,952
- Estimated Expense Ratio: 0.032% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $558,865 | $711,952 | $3,600 | — | — |
| 2023 | -$1,821 | $631,100 | $900 | — | — |
| 2022 | -$433,317 | $548,852 | — | — | — |