PAYCHEX POOLED EMPLOYER 401(K) PLAN

At the end of 2021, the total retirement plan assets of PAYCHEX POOLED EMPLOYER 401(K) PLAN is $110,354,577.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in PAYCHEX POOLED EMPLOYER 401(K) PLAN is 99513

In 2021, the average participant retirement account value for PAYCHEX POOLED EMPLOYER 401(K) PLAN is $1,108

In 2021, the estimated average employee contribution amount per participant for PAYCHEX POOLED EMPLOYER 401(K) PLAN is $558

In 2021, the estimated average employer match for an employee in PAYCHEX POOLED EMPLOYER 401(K) PLAN is approximately $82

In 2021, PAYCHEX POOLED EMPLOYER 401(K) PLAN allocates $8,245,067 to match its employees’ contributions, providing an employer match rate of 14.84% of their contributions

In 2021, the investment and administrative expense ratio of PAYCHEX POOLED EMPLOYER 401(K) PLAN is 0.22%.

Enrollment Features

PAYCHEX POOLED EMPLOYER 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.