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Paychex 401(k) Retirement Services for your Clients

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Paychex 401(k) Plans for Your Firm...

Your small-business clients have a wide range of employer-sponsored retirement plans they can offer their employees, including 401(k), SEP, SIMPLE IRA and profit-sharing plans. With such a wide array of options to choose from, don't be surprised if some of your clients come to you seeking advice and guidance. With the Paychex Partner Program, you can help your clients select an affordable, simple, easy to administer 401(k) retirement plan.

 

 

A smart choice for your clients...

For hundreds of thousands of businesses, Paychex means payroll. But did you know Paychex is also one of the industry's largest 401(k) record keepers with over 47,000 retirement service clients? There's a good reason so many businesses choose Paychex as their retirement plan administrator.

 

 

With a Paychex 401(k), your clients get:

  • $200 off 401(k) plan setup
  • May be eligible for a $500 per year tax credit for 3 years*
    - for employers with fewer than 100 employees
  • Full integration with Paychex payroll
  • Safe Harbor Provision to encourage plan participation from all employees
  • No added administrative burdens
  • 1000's of investment options from major fund families, enhanced trustee services, and more

To find out more, contact your local Paychex sales representative or call 877.264.2615.
Simple IRA and 401(k) Safe Harbor Comparison Chart
"I have a small business; I can't afford a 401(k)." FACT: Paychex has affordable 401(k) plans to fit firms of any size.
"401(k) plans are too complicated to set up and the administrative duties are prohibitive." FACT: Paychex manages the paperwork, recordkeeping and administrative duties. So your clients are free to focus on what really needs attention: their business.
"There's not enough value in a 401(k)." FACT: A 401(k) plan is an effective way to save for retirement and a powerful tool to attract and retain good employees.
"With the state of the economy, my employees are not in a position to save for retirement." FACT: The sooner your clients' employees start saving for retirement the better. A 401(k) makes it easy to get started.
Common Client Misconceptions about 401(k) Retirement Plans
Paychex 401(k) Plans for Your Clients
Now you can give your firm the same benefits your clients enjoy through the AICPA Firm-Based Member Retirement Program. Following an extensive due diligence process, the AICPA Member Retirement Committee has selected Paychex as the preferred provider of 401(k) plan administration for AICPA Members.

 

Sign up for Paychex 401(k) plan administration through this program and you'll enjoy:

  • Reduced 401(k) setup fee and attractive plan pricing for AICPA Members
  • Free, integrated basic payroll processing for firms with 1 to 50 employees
  • Consultation with a Paychex retirement specialist, plus Paychex' "Platinum-level service" and much more

For sole practitioners, Paychex also offers an Owner-Only 401(k) that allows one-person businesses to maximize salary deferral contributions.

 

See www.cpa2biz.com/RetirementProgram for details, contact your local Paychex sales representative or call 877.264.2615.

 

*Small businesses establishing first-time retirement plans may be eligible to receive a tax credit of 50% for annual administrative costs, up to $500, in each of the first three years of the plan.

 

Note: The AICPA Firm-Based Member Retirement Program has been designed around the needs of AICPA members in firms with approximately 1-50 employees. For AICPA members in business and industry or in firms with greater than 50 employees, these benefits may not apply. Please consult with a Paychex sales specialist to learn more. The consultation with a local Paychex retirement specialist is available in most major markets.

What is National 401(k) Day?
As retirement follows work, 401(k) Day falls on the Friday after Labor Day, September 5, 2008, and spotlights the importance of employer-sponsored profit sharing and 401(k) plans. This event was created by the Profit Sharing/401k Council of America.

What is National Payroll Week?
National Payroll Week was founded in 1996 by the American Payroll Association. It brings the payroll industry, the public, and payroll management together to recognize the importance of payroll in America. It is being celebrated September 1 - 5, 2008.

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