# Paylocity Corporation 401(k) Plan
Source: https://planprovider.pro/companies/paylocity-corporation-401k-plan

> Paylocity Corporation's 401(k) plan: 6,287 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Paylocity Corporation

- **Sponsor EIN:** 364227403

- **Sponsor Address:** 1400 AMERICAN LANE, SCHAUMBURG, IL, 601735452

- **Plan Type:** 401(k)

- **Total Participants:** 6,287

- **Total Assets:** $438.1M

## 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|6,287|$438.1M|$18.2M|$47.7M|

| 2023|6,115|$338.6M|$16.4M|$42.3M|

| 2022|5,578|$238.1M|$13.8M|$35.4M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$492,544|—|$492,544|

| FGMK, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FGMK, LLC](https://planprovider.pro/provider/fgmk-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $492,544

- **Estimated Expense Ratio:** 0.112% 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|$492,544|—|$492,544|—|—|

| 2023|$410,952|—|$410,952|—|—|

| 2022|$329,118|—|$329,118|—|—|

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- [Tandem Hr, LLC](https://planprovider.pro/companies/tandem-hr-llc-401k-plan-001) — 9,692 participants

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