401k Record

Employers › Paychex

Paychex 401(k)

Filed as negative.Schedule H line 2i(3) is reported as -$156,687. The filing is shown as received; the derived figures below treat a negative amount as zero, and a percentile is only shown for positive values.

Total assets, end of year · Paychex, Inc. 401(k) Incentive Retirement Plan · plan year 2024

$2,259,114,984

16,259 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.

Source

Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729115442NAL0007362866001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729115442NAL0007362866001, received 2025-07-29

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-29.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses excluding investment management, per participant

$0.00

Fewer than 50 comparable plans report this figure; no percentile.

Source

= $0 / 16,259
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729115442NAL0007362866001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729115442NAL0007362866001, received 2025-07-29

Administrative expenses per participant

$34.37

10th: $24.33median $70.0390th: $174.36

Higher than 16% of the 1,076 plans over $1B that report it.

Source

= $558,865 / 16,259
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729115442NAL0007362866001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729115442NAL0007362866001, received 2025-07-29

Administrative expenses as a share of assets

0.025%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 23% of the 1,076 plans over $1B that report it.

Source

= $558,865 / $2,259,114,984
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729115442NAL0007362866001, received 2025-07-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729115442NAL0007362866001, received 2025-07-29

Employer contributions per participant

$2,292

10th: $1,442median $3,74490th: $8,760

Higher than 23% of the 1,135 plans over $1B that report it.

Source

= $37,258,766 / 16,259
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729115442NAL0007362866001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729115442NAL0007362866001, received 2025-07-29

Employer share of total contributions

24.4%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 20% of the 1,135 plans over $1B that report it.

Source

= $37,258,766 / $152,865,605
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729115442NAL0007362866001, received 2025-07-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729115442NAL0007362866001, received 2025-07-29

Plan terms, as stated in Paychex, Inc.'s SEC filings

Employer match

“Effective January 1, 2026, the Company provides a matching contribution of 100% of the first 4% of eligible pay that an employee contributes to the Plan.”

Form 10-K filed 2026-07-17, for the year ended 2026-05-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2026-05-31. Figures cover plan year 2024. The plan document governs.

Plan features

2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250729115442NAL0007362866001, received 2025-07-29

Full record, Paychex, Inc. 401(k) Incentive Retirement Plan

FieldValueSource
Plan sponsorPAYCHEX , INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250729115442NAL0007362866001, received 2025-07-29
Plan namePAYCHEX, INC. 401(K) INCENTIVE RETIREMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250729115442NAL0007362866001, received 2025-07-29
Sponsor EIN / plan number16-1124166 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250729115442NAL0007362866001, received 2025-07-29
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250729115442NAL0007362866001, received 2025-07-29
Sponsor locationROCHESTER, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250729115442NAL0007362866001, received 2025-07-29
Industry (business code)541214, Professional, scientific, and technical servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250729115442NAL0007362866001, received 2025-07-29
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250729115442NAL0007362866001, received 2025-07-29
Filing received2025-07-29Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250729115442NAL0007362866001, received 2025-07-29
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250729115442NAL0007362866001, received 2025-07-29
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250729115442NAL0007362866001, received 2025-07-29
Participants, beginning of year19,991Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250729115442NAL0007362866001, received 2025-07-29
Active participants15,000Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250729115442NAL0007362866001, received 2025-07-29
Participants, end of year19,539Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250729115442NAL0007362866001, received 2025-07-29
Participants with an account balance16,259Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729115442NAL0007362866001, received 2025-07-29
Total assets, beginning of year$2,005,388,451Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250729115442NAL0007362866001, received 2025-07-29
Total assets, end of year$2,259,114,984Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729115442NAL0007362866001, received 2025-07-29
Net assets, end of year$2,259,111,944Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250729115442NAL0007362866001, received 2025-07-29
Total income$473,603,670Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250729115442NAL0007362866001, received 2025-07-29
Net income$251,700,546Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250729115442NAL0007362866001, received 2025-07-29
Employer contributions$37,258,766Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729115442NAL0007362866001, received 2025-07-29
Participant contributions$101,746,778Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250729115442NAL0007362866001, received 2025-07-29
Other contributions (incl. rollovers)$13,860,061Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250729115442NAL0007362866001, received 2025-07-29
Total contributions$152,865,605Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729115442NAL0007362866001, received 2025-07-29
Benefit payments$221,308,802Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250729115442NAL0007362866001, received 2025-07-29
Total expenses (incl. benefit payments)$221,903,124Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250729115442NAL0007362866001, received 2025-07-29
Total administrative expenses$558,865Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729115442NAL0007362866001, received 2025-07-29
Contract administrator fees$3,600Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250729115442NAL0007362866001, received 2025-07-29
Recordkeeping fees-$156,687 (filed as negative)Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250729115442NAL0007362866001, received 2025-07-29
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250729115442NAL0007362866001, received 2025-07-29
Investment advisory and management fees$711,952Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250729115442NAL0007362866001, received 2025-07-29
Administrative expenses excluding investment management$0derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729115442NAL0007362866001, received 2025-07-29
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250729115442NAL0007362866001, received 2025-07-29
Held in common/collective trusts$1,188,377,645Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250729115442NAL0007362866001, received 2025-07-29
Held in mutual funds$731,101,369Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250729115442NAL0007362866001, received 2025-07-29
Independent auditorINSERO & CO. CPAS, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250729115442NAL0007362866001, received 2025-07-29

Position = column in the DOL layout for form year 2024. Filing 20250729115442NAL0007362866001, received 2025-07-29.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
STRATEGIC ADVISORS, INC.ADVISOR 27 Investment advisory (plan) $711,952no
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $-153,087yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250729115442NAL0007362866001, received 2025-07-29.

What changed since the 2023 plan year

Figure20232024Change
Total assets$1,360,399$2,259,114,984165962.7%
Participants with a balance916,259180555.6%
Administrative expensesnot reported$558,865
Recordkeeping fees per participantnot reportednot reported
Employer contributionsnot reported$37,258,766

Prior filing 20240925051312NAL0008050483001, received 2024-09-25; the plan years are contiguous.

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Sponsor name as filed: PAYCHEX , INC.; SEC registrant: PAYCHEX INC (CIK 723531, matched by EIN; display name from the Form 11-K cover).