How big is Paychex Retirement LLC's plan?

Paychex Retirement LLC's plan reported $1.8B in assets and 621,703 participants for 2024.

Original filing (PDF)20251008165529NAL0005841041001

Paychex Retirement LLC

Name: Paychex Retirement LLC — Paychex Pooled Employer, Form 5500 (2024)
Creator: Paychex Retirement LLC
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Paychex Pooled Employer 401(k) Plan

401(k) retirement plan · Paychex Retirement LLC's Paychex Pooled Employer 401(k) Plan held $1.8B in plan assets for 621,703 participants in 2024.

Signals · 5

Late participant contributionsCorrective distributions issued~82 bps in Sched C feesNo recordkeeper disclosed33 service providers

Active participants

621,703

Accounts w/ balance

255,088

Plan assets (EOY)

$1.8B

Net assets (EOY)

$1.8B

People on this filing

Scott Buffington signed Paychex Retirement LLC's 2024 Form 5500 as plan administrator.

Scott Buffington — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Paychex Retirement LLC's EIN is 85-3275179.

EIN 85-3275179

Plan number 001

Plan year 2024

ACK ID 20251008165529NAL0005841041001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Paychex Retirement LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Paychex Retirement LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for PAYCHEX RETIREMENT LLC.

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How this plan invests

This plan

25 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Below-average — multiple flags

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 7331K (1% of contributions).
Corrective distributions issued (likely failed ADP/ACP testing).
Total administrative cost in the bottom quartile of peers (3rd percentile).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (3rd percentile).
Bottom-decile employer contributions per participant (3rd percentile).

Plan sponsor

Name

PAYCHEX RETIREMENT LLC

EIN

all filings

Address

911 PANORAMA TRAIL SOUTH · ROCHESTER, NY · 14625

Phone

(585) 385-6666

Industry

Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-08

Pension benefit codes

2A · Age/service weighted or new comparability

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

Service providers (Schedule C)

33 rows

Investments

25 direct securities· $1.8B(100% of reported assets)

Other securities

$1.3B

14 holdings

Common Collective Trusts

$319.7M

6 holdings

Mutual Funds

$127.6M

5 holdings

					% of plan
State Street Target Retirement 2045 Fund Class K Mutual Fund (1)	Other securities	—	—	$170.1M	9.6%
State Street Target Retirement 2035 Fund Class K Mutual Fund	Other securities	—	—	$167.2M	9.5%
State Street Target Retirement 2060 Fund Class K Mutual Fund	Other securities	—	—	$165.1M	9.3%
State Street Target Retirement 2050 Fund Class K Mutual Fund	Other securities	—	—	$162.7M	9.2%
State Street Target Retirement 2040 Fund Class K Mutual Fund	Other securities	—	—	$150.9M	8.5%
Vanguard Growth Index Fund Institutional Shares Mutual Fund	Common Collective Trusts	—	—	$148.0M	8.4%
State Street Target Retirement 2055 Fund Class K Mutual Fund	Other securities	—	—	$140.8M	8.0%
State Street Target Retirement 2030 Fund Class K Mutual Fund	Other securities	—	—	$137.2M	7.8%
State Street Equity 500 Index Fund Class K Mutual Fund	Common Collective Trusts	—	—	$105.7M	6.0%
State Street Target Retirement 2025 Fund Class K Mutual Fund	Other securities	—	—	$94.0M	5.3%
Vanguard Value Index Fund Institutional Shares Mutual Fund	Common Collective Trusts	—	—	$51.9M	2.9%
Vanguard Federal Money Market Fund Money Market Fund	Mutual Funds	—	—	$38.2M	2.2%
State Street Target Retirement 2020 Fund Class K Mutual Fund	Other securities	—	—	$37.6M	2.1%
Fidelity Extended Market Index Mutual Fund	Mutual Funds	—	—	$36.8M	2.1%
American Funds American Balanced Fund Class R6 Mutual Fund	Mutual Funds	—	—	$35.7M	2.0%
per annum with maturities through January 2043. -	Other securities	—	—	$34.7M	2.0%
T. Rowe Price Small Cap Value Fund I Mutual Fund	Other securities	—	—	$22.5M	1.3%
State Street Retirement Fund Class K Mutual Fund	Other securities	—	—	$16.1M	0.9%
MFS International Diversification Fund Class R6 Mutual Fund	Mutual Funds	—	—	$12.9M	0.7%
JPMorgan Core Bond Fund Class R6 Mutual Fund	Other securities	—	—	$12.6M	0.7%
State Street Global All Cap Equity ex-U.S. Index Fund Class K Mutual Fund	Common Collective Trusts	—	—	$7.9M	0.4%
State Street Target Retirement 2065 Fund Class K Mutual Fund	Other securities	—	—	$7.8M	0.4%
State Street Aggregate Bond Index Fund Class K Mutual Fund	Common Collective Trusts	—	—	$6.1M	0.3%
Fidelity Inflation Protection Bond Index Mutual Fund	Mutual Funds	—	—	$4.1M	0.2%
Vanguard Growth Index Fund Admiral Shares Mutual Fund	Common Collective Trusts	—	—	$22K	<0.1%

1–25 of 25

Fund families in this plan

Detected from the parsed Schedule of Assets. Click a family to see every plan that holds it — ranked by position size.

State Street / SPDR$1.4B Vanguard$238.2M Fidelity$40.9M American Funds (Capital Group)$35.7M T. Rowe Price$22.5M JPMorgan$12.6M

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Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
PAYCHEX, INC.	16-1124166	ROCHESTER, NY	INVESTMENT ADVISORY (PART	$11.9M	—
EXCEL WEALTH MANAGEMENT, LLC	81-2780637	MANCHESTER, CT	INVESTMENT ADVISORY (PART	$560K	—
MESIROW FINANCIAL HOLDINGS, INC	36-3429599	CHICAGO, IL	INVESTMENT ADVISOR/MANAGE	$544K	—
CAPE INVESTMENT ADVISORY, INC	26-1775149	MCDONOUGH, GA	INVESTMENT ADVISORY (PART	$290K	—
401K GENERATION INC.	26-4477125	ALTAMONTE SPRINGS, FL	INVESTMENT ADVISORY (PART	$285K	—
LPL FINANCIAL	04-3046611	SAN DIEGO, CA	INVESTMENT ADVISORY (PART	$60K	—
KEITH MCBRIDE FINANCIAL SERVICES, I	—	REDONDO BEACH, CA	INVESTMENT ADVISORY (PART	$54K	—
WELLS FARGO ADVISORS	—	ST. LOUIS, MO	INVESTMENT ADVISORY (PART	$50K	—
COMMONWEALTH FINANCIAL NETWORK	04-2675571	WALTHAM, MA	INVESTMENT ADVISORY (PART	$46K	—
FERMATA 401K, LLC	93-3957830	SONOMA, CA	INVESTMENT ADVISORY (PART	$44K	—
OSAIC WEALTH, INC.	93-0987232	JERSEY CITY, NJ	INVESTMENT ADVISORY (PART	$37K	—
STONEHENGE RETIREMENT PLANNERS LLC	82-4032869	LOS ANGELES, CA	INVESTMENT ADVISORY (PART	$35K	—
KESTRA ADVISORY SERVICES, LLC	74-2794194	AUSTIN, TX	INVESTMENT ADVISORY (PART	$29K	—
STEEL PEAK WEALTH MANAGEMENT	—	WOODLAND HILLS, CA	INVESTMENT ADVISORY (PART	$28K	—
FIDUCIARY BENEFITS GROUP, INC.	87-3709842	LAKE ELSINORE, CA	INVESTMENT ADVISORY (PART	$16K	—
RESOURCES INVESTMENT ADVISORS	43-1451524	OVERLAND PARK, KS	INVESTMENT ADVISORY (PART	$16K	—
ELE ADVISORY SERVICES, INC.	—	SOUTHFIELD, MI	INVESTMENT ADVISORY (PART	$14K	—
CETERA ADVISORS LLC	95-3845382	EL SEGUNDO, CA	INVESTMENT ADVISORY (PART	$13K	—
DELTA CAPITAL MANAGEMENT LLC	—	LONGWOOD, FL	INVESTMENT ADVISORY (PART	$13K	—
INTEGRITY FINANCIAL CORPORATION	90-0946875	BELLEVUE, WA	INVESTMENT ADVISORY (PART	$12K	—
SECURITIES AMERICA ADVISORS	11-2551174	LA VISTA, NE	INVESTMENT ADVISORY (PART	$10K	—
LIFESTEPS FINANCIAL INC	—	CLAREMONT, CA	INVESTMENT ADVISORY (PART	$9K	—
CAMBRIDGE INVESTMENT RESEARCH	42-1445429	FAIRFIELD, IA	INVESTMENT ADVISORY (PART	$9K	—
HANTZ FINANCIAL SERVICES	38-3431708	SOUTHFIELD, MI	INVESTMENT ADVISORY (PART	$8K	—
MARTINE FINANCIAL CO	36-4938226	LAKE WORTH, FL	INVESTMENT ADVISORY (PART	$8K	—
JW COLE ADVISORS, INC.	—	TAMPA, FL	INVESTMENT ADVISORY (PART	$7K	—
IFP ADVISORS, INC.	83-0951655	TAMPA, FL	INVESTMENT ADVISORY (PART	$7K	—
WEALTHSOURCE	—	SAN LUIS OBISPO, CA	INVESTMENT ADVISORY (PART	$6K	—
EQUITABLE ADVISORS, LLC	13-4071393	SYRACUSE, NY	INVESTMENT ADVISORY (PART	$6K	—
FLORIDA FINANCIAL ADVISORS	—	TAMPA, FL	INVESTMENT ADVISORY (PART	$6K	—
SAX WEALTH ADVISORS, LLC	—	CLIFTON, NJ	INVESTMENT ADVISORY (PART	$5K	—
O.N. INVESTMENT MANAGEMENT COMPANY	31-0784369	CINCINNATI, OH	INVESTMENT ADVISORY (PART	$5K	—

Trustee

Name	EIN	Location	Relation	Direct comp	Indirect comp
MID-ATLANTIC TRUST COMPANY	27-3169253	PIERRE, SD	PLAN TRUSTEE	$323K	—