401(k) · DOL Form 5500 · 2024

Paychex , Inc. 401(k) Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg: 15,547
Participants Very large workforce: 99th
Percentile by assets National rank: $145,309
Avg per participant Above avg balance/head

Official DOL plan name: Paychex, Inc. 401(k) Incentive Retirement Plan · Sponsored by Paychex , Inc. · New York · Professional & Technical Services

$2.3B in assets, 15,547 participants

Paychex , Inc.'s Paychex, Inc. 401(k) Incentive Retirement Plan reported $2.3B in total assets and 15,547 participants in its 2024 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.

#20,090 in Professional & Technical Services (20,173 peers)

Coverage in New York

Paychex, Inc. 401(k) Incentive Retirement Plan covers 15,547 participants in New York, 19x the typical New York plan (state average ~798 per filing). Assets: $2.3B.

#20,090
in Professional & Technical Services (20,173 peers): +12.7%
assets growth YoY: 23×
vs typical plan assets (national mean)

Paychex, Inc. 401(k) Incentive Retirement Plan's outsized position by total assets

Paychex, Inc. 401(k) Incentive Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,259,114,984 Top 1% higher than 99% of 123,620 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Paychex, Inc. 401(k) Incentive Retirement Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Paychex, Inc. 401(k) Incentive Retirement Plan is a mega filing (15,547 participants), the rightmost band on the breakdown.

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Published 5500 schedule card

Filing strip 161124166 · Paychex , Inc. PY 2024 · 401(k)

Paychex, Inc. 401(k) Incentive Retirement Plan · $2.3B · 15,547 · 99th

ASSETS $2.3B
PCT 15,547
EIN 99th
RANK 401(k)
PHOTO near Arcadis U.S., Inc. Retirement Savings Plan
IND ind #20090

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 Professional & Technical Services retirement plans → · Plans in New York →

End-of-year total assets ($B) among Paychex, Inc. 401(k) Incentive Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)	$2.0B
Net Assets (End of Year)	$2.3B
Net Income	$252M
Employer EIN	161124166
Plan Effective Date	1984-07-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in New York

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

Paychex, Inc. 401(k) Incentive Retirement Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401(k) Plan $60.4B · 52,674
Morgan Stanley 401(k) Plan $22.2B · 53,860
Pfizer Savings Plan $22.0B · 33,309
The Pepsico Savings Plan $14.9B · 137,398
The Goldman Sachs 401(k) Plan $12.8B · 23,227

Compare Paychex, Inc. 401(k) Incentive Retirement Plan side-by-side with 3 peers →

Paychex, Inc. 401(k) Incentive Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Arcadis U.S., Inc. Retirement Savings Plan in CO ($2.3B); by covered participants it is Penn State Health 401(k) Savings Plan in PA (15,556 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.3B here).

Arcadis U.S., Inc. Retirement Savings Plan (CO) $2.3B · 7,607
Juniper Networks, Inc. 401(k) Plan (CA) $2.3B · 4,613
AT&T Savings and Security Plan (TX) $2.3B · 25,236
United Rentals 401(k) Investment Plan (CT) $2.3B · 22,716

Similar participant headcount

Nearest other-state filings by covered participants (15,547 participants); asset peers above are excluded.

Penn State Health 401(k) Savings Plan (PA) 15,556 · 9 off
Raymond James Financial, Inc. 401(k) Plan (FL) 15,535 · 12 off
U.S. Associate Savings Plan (NJ) 15,513 · 34 off
Five Below 401(k) Retirement Savings Plan (PA) 15,588 · 41 off

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Paychex, Inc. 401(k) Incentive Retirement Plan assets move in 2024? ▼

Paychex, Inc. 401(k) Incentive Retirement Plan grew at a solid clip - up 12.7% during 2024, from $2.0B to $2.3B. Reported net income was $252M.

Where does Paychex, Inc. 401(k) Incentive Retirement Plan rank by assets among Form 5500 filers? ▼

Paychex, Inc. 401(k) Incentive Retirement Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Paychex, Inc. 401(k) Incentive Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Arcadis U.S., Inc. Retirement Savings Plan in CO ($2.3B, 7,607 participants).

Which 401(k) plans cover a similar participant headcount to Paychex, Inc. 401(k) Incentive Retirement Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Penn State Health 401(k) Savings Plan in PA (15,556 participants, $2.9B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 161124166.