PAYCHEX POOLED EMPLOYER 401(K) PLAN · ROCHESTER, NY · plan year 2024
Reported admin expense ratio · 2024
0.98%
Peer grade: D· admin costs + employer contributions vs same-size plans · how grading works
Paychex Retirement LLC reported $13,947,086 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $272 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.98%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 74th-largest of 5,648 plans among New York employers on file, and the 109th of 4,798 in finance & insurance. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has grown from 316,905 to 621,703 since 2022.
Paychex Retirement LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 853275179 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.