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.
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.
Receive all required legal documents, including the corporate resolution, adoption agreement, and Summary Plan Description.
We prepare federal Form 5500 on an annual basis, and Forms 1099-R and 945 as required.
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.
We process participant distributions for qualifying events such as termination, retirement, or disability.
Every pay period, we complete secure transfers of your contribution payroll deductions to your investment provider.
We model and manage any loans on your participants' retirement account assets.
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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