Retirement Administration and Recordkeeping

Administrative Services Organization (ASO)

Paychex HR Solutions offers full-service retirement plan options including centralized administration and simplified plan management. With recordkeeping responsibilities for over 49,000 retirement services clients, we have the experience to handle your company's plan paperwork, recordkeeping, and administration requirements.

What We Offer

Payroll Integration

Paychex is one of the few retirement services providers able to integrate your payroll and 401(k) data. This greatly simplifies plan administration while helping ensure the accuracy of your participants' information. If your business does not use Paychex Payroll, you can easily enter your own payroll data through our convenient Web- and spreadsheet-based tools.

Legal Documentation

Receive all required legal documents, including the corporate resolution, adoption agreement, and Summary Plan Description.

Form Preparation

We prepare federal Form 5500 on an annual basis, and Forms 1099-R and 945 as required.

Testing, Reports, and Valuation

Each quarter, we perform nondiscrimination testing and provide you with vital management reports and participant statements. We also perform daily valuations on all account balances.

Distribution Processing

We process participant distributions for qualifying events such as termination, retirement, or disability.

Data Transfers

Every pay period, we complete secure transfers of your contribution payroll deductions to your investment provider.

Loan Administration

We model and manage any loans on your participants' retirement account assets.

Toll-Free Support and Online Account Access

Paychex HR Solutions makes it easy to manage your retirement account. We provide 24 hour plan access through the Web or our toll-free information line. Your human resources representative and administration guide book also help answer questions about your plan.

Retirement Services White Paper

Download our FREE Retirement Services white paper, outlining the strategic advantages a 401(k) plan offers businesses and employees.
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Free Web Seminar

Attend a FREE Web seminar and learn what every business should know about 401(k) plans.

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Other 401(k) and Retirement Services

For more information about our products and services, please contact a Paychex representative at 800-322-7292, Monday through Friday from 8:00 a.m. to 8:00 p.m. ET. Or, complete our online form for a no-obligation quote.

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The most new plans gained in 2009, with an increase of 12,000 new plans.

– PLANSPONSOR magazine

Get Started

For more information about our products and services, contact a Paychex representative:

800-322-7292
Monday - Friday
8:00 a.m. - 8:00 p.m. ET

Online Form

Free Payroll Quote
Paychex Retirement Calculator

 

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