About Paychex
<p>Payroll, HR, and retirement plan administration are handled by Paychex, which provides recordkeeping services for employer-sponsored plans. The company works with businesses that want day-to-day support for plan operations alongside other workforce services.</p> <p>Founded in 1971, Paychex is headquartered in Rochester in the Finger Lakes region of upstate New York and supports employers across the U.S. Its retirement plan business includes recordkeeping and ongoing administration for workplace plans.</p> <p>As of 2025, Paychex reports 124,000 clients and $55.7B in assets under management. A key differentiator is its ability to pair retirement plan recordkeeping with payroll and HR systems under one provider.</p> <ul> <li>Provider type: administrator</li> <li>Retirement plan service: recordkeeping</li> <li>Founded: 1971</li> <li>Employees: 15,000</li> <li>Category: <a href="/retirement-plans">retirement plan providers</a></li> </ul>
Website: https://paychex.com
Founded: 1971
Employees: 15000
Office Locations
- Rochester, NY (Headquarters)
Services Offered
- 3(21) Investment Advisor
- 3(38) Investment Manager
- 3(16) Plan Administrator
- Compliance Services
- Recordkeeping
Client Statistics (2025)
- Total Clients: 124,000
- Total AUM: $55.7B
- Total Participants: 1,608,060
Plans Serviced (2025)
Largest plans where this firm is listed as a service provider (Schedule C) or IQPA (Schedule H) on the most recent filings (From Form 5500).
| Plan | Sponsor | Assets | Participants |
|---|---|---|---|
| PAYCHEX POOLED EMPLOYER 401(K) PLAN | PAYCHEX RETIREMENT LLC, NY | $1.8B | 621,703 |
| NEW JERSEY HEALTH CARE EMPLOYERS- PENSION PLAN | DISTRICT 1199J-NEW JERSEY HEALTH CARE EMPLOYERS-, NJ | $255M | 2,804 |
| LTIMINDTREE LTD 401(K) PLAN | LTIMINDTREE LTD, NJ | $207M | 6,335 |
| UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST | BOARD OF TRUSTEE UNITE HERE! WORKERS, MA | $169M | 6,037 |
| HEARTLAND HOME SERVICES, INC. 401(K) PLAN | HEARTLAND HOME SERVICES, INC., MI | $80M | 2,082 |
| 401(k) Retirement Plan | Healthcare Sponsor, NJ | $57M | 2,443 |
| 401(k) Retirement Plan | Manufacturing Sponsor, NY | $56M | 323 |
| 401(k) Retirement Plan | Professional Services Sponsor, TX | $56M | 2,454 |
| 401(k) Retirement Plan | Technology Sponsor, MI | $46M | 428 |
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