401(k) · DOL Form 5500 · 2023

Paychex Retirement LLC 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
485,003
Participants Very large workforce
99th
Percentile by assets National rank
$2,225
Avg per participant Low balance/head
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Official DOL plan name: Paychex Pooled Employer 401(k) Plan · Sponsored by Paychex Retirement LLC · New York · Finance & Insurance

$1.1B in assets, 485,003 participants

Paychex Retirement LLC's Paychex Pooled Employer 401(k) Plan reported $1.1B in total assets and 485,003 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,656 in Finance & Insurance (8,869 peers)

Coverage in New York

Paychex Pooled Employer 401(k) Plan covers 485,003 participants in New York, 608x the typical New York plan (state average ~798 per filing). Assets: $1.1B.

#8,656
in Finance & Insurance (8,869 peers)
+148.7%
assets growth YoY
11×
vs typical plan assets (national mean)

Paychex Pooled Employer 401(k) Plan's outsized position by total assets

Paychex Pooled Employer 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,079,187,220 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Paychex Pooled Employer 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Paychex Pooled Employer 401(k) Plan is a mega filing (485,003 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Paychex Pooled Employer 401(k) Plan end-of-year assets rose from $434M in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
  • Paychex Pooled Employer 401(k) Plan reported net income rose from $297M in the plan year 2022 filing to $665M in the plan year 2023 filing.
  • Paychex Pooled Employer 401(k) Plan reported participants rose from 299,256 in the plan year 2022 filing to 485,003 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 853275179 · Paychex Retirement LLC PY 2023 · 401(k)

Paychex Pooled Employer 401(k) Plan · $1.1B · 485,003 · 99th

  • TYPE $1.1B
  • TYPE 485,003
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Teradata Savings Plan
  • TYPE ind #8656

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in New York →

Paychex Pooled Employer 401(k) Plan in the asset neighbourhood

Paychex Pooled Employer 401(k) PlanPaychex Pooled Employer 401(…$1.1BTeradata Savings Plan$1.1BClean Harbors Savings and Retirement PlanClean Harbors Savings and Re…$1.1BThe US Oncology Clinical Practice 401(k) PlanThe US Oncology Clinical Pra…$1.1BVertex Pharmaceuticals Incorporated 401(k) PlanVertex Pharmaceuticals Incor…$1.1B
End-of-year total assets ($B) among Paychex Pooled Employer 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$434M
Net Assets (End of Year)$1.1B
Net Income$665M
Employer EIN853275179
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Paychex Retirement LLC)

Sponsor-wide plan assets over time

All Paychex Retirement LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 307.58382392157176% vs 2022
2024 filing year
$0B$0.5B$1B$1.5B$2B 202220232024 $0.43B $1.77B ▲ +311.6%
Year Plans Participants Total Assets
2022 1 299,256 $434M
2023 1 485,003 $1.1B
2024 1 610,098 $1.8B

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Paychex Pooled Employer 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. 0200000400000600000 -20020406080 Total assets ($B) Participants Paychex Pooled Employer 401(k) Plan, Total assets ($B): 1.07918722 · Participants: 485003Paychex Pooled Employer 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Paychex Pooled Employer 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Paychex Pooled Employer 401(k) Plan side-by-side with 3 peers →

Scale composition for Paychex Pooled Employer 401(k) Plan

Paychex Pooled Employer 401(k) Plan reports $1.1B in end-of-year assets across 485,003 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.52% of 93,925,755 covered participants) - about $2,225 per participant (2% of the national average assets-per-participant) . Net income for plan year 2023 was $665M.

This plan identity (EIN 853275179, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $434M to $1.8B (+307.6%) while covered participants moved from 299,256 to 610,098 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 299,256 $434M Open filing
2023 485,003 $1.1B This page
2024 · index core 610,098 $1.8B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Paychex Pooled Employer 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Teradata Savings Plan in CA ($1.1B); by covered participants it is The Teamster - UPS National 401(k) Tax Deferred Savings Plan in GA (510,511 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (485,003 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Paychex Pooled Employer 401(k) Plan assets move in 2023? ▼
Paychex Pooled Employer 401(k) Plan surged - up 148.7% during 2023, from $434M to $1.1B. Reported net income was $665M.
How have Paychex Retirement LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paychex Retirement LLC's sponsor-wide assets grew 307.6%, from $434M to $1.8B.
Where does Paychex Pooled Employer 401(k) Plan rank by assets among Form 5500 filers? ▼
Paychex Pooled Employer 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Paychex Pooled Employer 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Teradata Savings Plan in CA ($1.1B, 2,129 participants).
Which 401(k) plans cover a similar participant headcount to Paychex Pooled Employer 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Teamster - UPS National 401(k) Tax Deferred Savings Plan in GA (510,511 participants, $17.2B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 853275179.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.