Plan Snapshot
- Plan Sponsor: Paychex Retirement LLC
- Sponsor EIN: 853275179
- Sponsor Address: 911 PANORAMA TRAIL SOUTH, ROCHESTER, NY, 14625
- Plan Type: 401(k)
- Total Participants: 621,703
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 621,703 | $1.8B | $169.0M | $575.5M |
| 2023 | 503,539 | $1.1B | $120.9M | $429.1M |
| 2022 | 316,905 | $433.9M | $57.9M | $244.7M |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | Investment Advisor | $11,899,319 | — | $11,899,319 |
| EXCEL WEALTH MANAGEMENT, LLC | Investment Advisor | $560,227 | — | $560,227 |
| MESIROW FINANCIAL HOLDINGS, INC | Investment Advisor | $543,541 | — | $543,541 |
| MID-ATLANTIC TRUST COMPANY | Custodian / Trustee | $322,968 | — | $322,968 |
| CAPE INVESTMENT ADVISORY, INC | Investment Advisor | $290,081 | — | $290,081 |
| 401K GENERATION INC. | Investment Advisor | $285,125 | — | $285,125 |
| LPL FINANCIAL | Investment Advisor | $60,385 | — | $60,385 |
| KEITH MCBRIDE FINANCIAL SERVICES, I | Investment Advisor | $53,511 | — | $53,511 |
| WELLS FARGO ADVISORS | Investment Advisor | $49,510 | — | $49,510 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $45,885 | — | $45,885 |
| FERMATA 401K, LLC | Investment Advisor | $44,231 | — | $44,231 |
| OSAIC WEALTH, INC. | Investment Advisor | $37,405 | — | $37,405 |
| STONEHENGE RETIREMENT PLANNERS LLC | Investment Advisor | $35,050 | — | $35,050 |
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | $29,291 | — | $29,291 |
| STEEL PEAK WEALTH MANAGEMENT | Investment Advisor | $28,242 | — | $28,242 |
| FIDUCIARY BENEFITS GROUP, INC. | Investment Advisor | $16,071 | — | $16,071 |
| RESOURCES INVESTMENT ADVISORS | Investment Advisor | $15,853 | — | $15,853 |
| ELE ADVISORY SERVICES, INC. | Investment Advisor | $14,363 | — | $14,363 |
| CETERA ADVISORS LLC | Investment Advisor | $13,400 | — | $13,400 |
| DELTA CAPITAL MANAGEMENT LLC | Investment Advisor | $13,122 | — | $13,122 |
| INTEGRITY FINANCIAL CORPORATION | Investment Advisor | $11,503 | — | $11,503 |
| SECURITIES AMERICA ADVISORS | Investment Advisor | $10,254 | — | $10,254 |
| LIFESTEPS FINANCIAL INC | Investment Advisor | $9,373 | — | $9,373 |
| CAMBRIDGE INVESTMENT RESEARCH | Investment Advisor | $8,746 | — | $8,746 |
| HANTZ FINANCIAL SERVICES | Investment Advisor | $8,499 | — | $8,499 |
| MARTINE FINANCIAL CO | Investment Advisor | $7,900 | — | $7,900 |
| JW COLE ADVISORS, INC. | Investment Advisor | $7,023 | — | $7,023 |
| IFP ADVISORS, INC. | Investment Advisor | $6,653 | — | $6,653 |
| WEALTHSOURCE | Investment Advisor | $5,983 | — | $5,983 |
| EQUITABLE ADVISORS, LLC | Investment Advisor | $5,915 | — | $5,915 |
| FLORIDA FINANCIAL ADVISORS | Investment Advisor | $5,576 | — | $5,576 |
| SAX WEALTH ADVISORS, LLC | Investment Advisor | $5,186 | — | $5,186 |
| O.N. INVESTMENT MANAGEMENT COMPANY | Investment Advisor | $5,081 | — | $5,081 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Investment Advisor
- MID-ATLANTIC TRUST COMPANY — Custodian / Trustee
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
- OSAIC WEALTH, INC. — Investment Advisor
- KESTRA ADVISORY SERVICES, LLC — Investment Advisor
- RESOURCES INVESTMENT ADVISORS — Investment Advisor
- INTEGRITY FINANCIAL CORPORATION — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,455,272
- Estimated Expense Ratio: 0.817% 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 | $13,947,086 | $1,869,998 | $12,077,088 | — | — |
| 2023 | $9,209,894 | $1,090,247 | $8,119,647 | — | — |
| 2022 | $2,721,510 | $332,986 | $2,388,524 | — | — |