This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Paychex Recognized By Plansponsor Magazine As A Leader In 401(k)

Stocks in this article: PAYX

Paychex, Inc., one of the nation’s leading providers of 401(k) recordkeeping services for America’s businesses, ranks as the largest 401(k) recordkeeper by number of plans for the second year in a row, according to a recent national survey from Plansponsor magazine.

The fourteenth annual recordkeeping survey conducted by Plansponsor, a national publication dedicated to the pension and retirement industry, ranked Paychex as the leading provider in the category of total recordkeeping plans, serving 58,000 plans. Having been recognized previously in 2011, this marks the second time Paychex earned this honor.

Paychex also came in first by number of new plans won in 2011 with 12,200, the ninth time Paychex received this honor. Paychex also ranked seventh for net percentage increase in plans from 2010 to 2011. For the complete results of the Plansponsor survey please visit http://www.plansponsor.com/RK_Survey_2012.aspx.

“Paychex is committed to helping America’s small business owners provide the right retirement plan for their businesses,” said Lonny Ostrander, vice president of Human Resources Services Sales for Paychex. “Receiving this national recognition not only reaffirms our capabilities, but demonstrates our experience and knowledge in the industry.”

“The defined contribution market is as strong as ever. 2011 represents the most plans, assets, and participants in the 14 year history of the survey. This continued growth has fostered intense competition among the field of providers, resulting in constant investment and improvement in new products and services to benefit retirement plan sponsors and participants,” said Quinn Keeler, senior vice president of research at Asset International, which publishes Plansponsor magazine.

Paychex 401(k) recordkeeping services are part of the company’s suite of retirement offerings and are designed to meet the needs of small- to medium-sized businesses. They include:

  • Traditional 401(k)
  • 401(k) with safe harbor provision
  • Owner-only 401(k)
  • 401(k) SIMPLE
  • SIMPLE IRA
  • Profit-sharing plans

For more information, visit http://www.paychex.com/employee-benefits/401k-retirement/.

Paychex is the preferred payroll and retirement services provider for the American Institute of Certified Public Accountants (AICPA) Trusted Business Advisor Program.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs