Paychex Retirement 401(k) match, vesting and fees
What Paychex Retirement's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Paychex, Inc. | 2023 Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 19 defined-contribution plans in finance and insurance with 50,000 or more participants.
| Paychex Retirement: employer contribution per participant | $662 | |
| Peer median | $3,368 |
| Paychex Retirement: average balance | $6,933 | |
| Peer median | $160,346 |
| Paychex Retirement: admin expenses ÷ assets | 0.98% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $110M at the end of plan year 2021 to $1.8B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 661,036 | $1.8B | $169M | $662 | 0.98% | Not published | Form 5500 ↗ |
| 2023 | 537,703 | $1.1B | $121M | $588 | 1.22% | Not published | Form 5500 ↗ |
| 2022 | 338,049 | $434M | $57.9M | $430 | 1.00% | Not published | Form 5500 ↗ |
| 2021 | 116,067 | $110M | $8.2M | $170 | 0.45% | Not published | Form 5500 ↗ |
Common questions
Does Paychex Retirement match 401(k) contributions?
The match terms for the Paychex Pooled Employer 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $169M in employer contributions, about $662 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Paychex Retirement 401(k) match vested?
The vesting schedule for the Paychex Pooled Employer 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Paychex Retirement 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Paychex, Inc.. The plan administrator is Paychex Retirement LLC.
I left Paychex Retirement. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Paychex Retirement LLC, (585) 385-6666) or the recordkeeper, Paychex, Inc.. The Paychex Retirement old 401(k) page lists the contacts from every plan filing. Find an old Paychex Retirement 401(k)
Data from the public Form 5500 annual reports Paychex Retirement filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Paychex Retirement. Not financial advice. Report a correction · Methodology