The nation's largest CPA professional group and Paychex develop
unique retirement program offering for its AICPA members
ROCHESTER, N.Y.--(Business Wire)--
Paychex, Inc., a leading provider of payroll, human resource, and
benefits outsourcing solutions for small- to medium-sized businesses,
has been selected by the American Institute of Certified Public
Accountants (AICPA)--the national professional association for
CPAs--as the provider of retirement services for its member firms.
CPAs often encourage their business clients to prepare for
retirement by investing in a 401(k). Through this program, the AICPA
provides the incentive and guidance for member CPA firms to do the
same. Paychex 401(k) recordkeeping and payroll services offer the
ability to save time and ensure accuracy by linking payroll processing
directly with employee 401(k) deposits and employer matching
contributions.
"We are very pleased with this designation from the AICPA," said
Walter Turek, senior vice president of sales and marketing for
Paychex. "For the AICPA to recommend us to their own membership
denotes a very high level of trust and confidence placed in the people
and services of Paychex."
"After evaluating several best-in-class retirement services, we
concluded that Paychex offered the Institute's Firm-Based Member
Retirement Program, which is especially designed for firms with up to
50 employees, the best flexibility in plan design, a clear savings, a
wide array of high-quality investment choices and a unique
distribution model," said Jay Rothberg, AICPA vice president - office
of the CEO. "We encourage our member firms to explore this opportunity
and their existing retirement strategy with Paychex."
Paychex has a long-standing professional affiliation with the
AICPA. In 2003, Paychex was designated as the preferred provider of
payroll services for clients by CPA2Biz, the AICPA's marketing and
technology subsidiary. In 2005, the Paychex Partner Program from AICPA
Business Solutions expanded to include 401(k) Recordkeeping services,
and in 2006, AICPA Business Solutions extended the Paychex Partner
Program through September 2011.
Earlier this year, the Paychex Partner Program from AICPA Business
Solutions reached a milestone with the enrollment of more than 20,000
AICPA-member firms. From those businesses, more than 29,000 individual
CPAs are registered nationwide in the program, which enables CPAs to
offer value-added benefits to their clients, including attractive
price incentives and a satisfaction guarantee.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll,
human resource, and benefits outsourcing solutions for small- to
medium-sized businesses. The company offers comprehensive payroll
services, including payroll processing, payroll tax administration,
and employee pay services, including direct deposit, check signing,
and Readychex(R). Human resource services include 401(k) plan
recordkeeping, health insurance, workers' compensation
administration, section 125 plans, a professional employer
organization, time and attendance solutions, and other administrative
services for business. Paychex was founded in 1971. With headquarters
in Rochester, New York, the company has more than 100 offices and
serves over 572,000 payroll clients nationwide. For more information
about Paychex and our products, visit www.paychex.com.
Paychex
Tracy Kather
Public Relations Specialist
585-387-6433
tkather@paychex.com
Copyright Business Wire 2008
