Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. News Desk 2018 Message Board

Paychex Provides 401(k) Plan Sponsors Greater Choi

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 617763
(Total Views: 120)
Posted On: 03/20/2017 11:00:03 AM
Avatar
Posted By: News Desk 2018
Paychex Provides 401(k) Plan Sponsors Greater Choice and Flexibility with New Fiduciary Investment Solutions

ROCHESTER, NY --(Marketwired - March 20, 2017) - Paychex, Inc. , one of the nation's leading providers in retirement recordkeeping services, today announced that it has expanded its portfolio of partners and solutions that provide investment and administrative fiduciary protection to 401(k) plan sponsors. The new offerings include ERISA 3(21) investment guidance services through Wilshire Associates and ERISA 3(38) investment management services through Mesirow Financial. These new fiduciary services join Paychex's current 3(38) offerings from GuidedChoice and LPL Financial .

"With these services, we're making it easier for advisors and plan sponsors to offer investment options in their 401(k) plans that allow them to keep up with the demands of the ever-changing regulatory environment," said Tom Hammond , vice president of corporate strategy and product management at Paychex. "Our clients will be able to choose from a suite of fiduciary solutions to help them with the complicated investment selection process by outsourcing to professional firms."

The Wilshire 3(21) Advisor services provide a select list of investments that have been screened using Wilshire's tested methodology, as well as plan-specific quarterly reports to help track and monitor investments. An option to auto-execute recommended fund changes is also available.

"We are excited to be working with Paychex as we continue to expand our ERISA 3(21) services and overall fiduciary services offering," said Jason Schwarz, president of Wilshire Funds Management. "This relationship will allow us to provide our institutional-caliber investment services to an even wider scope of the plan sponsor market."

Mesirow Index Elite is an ERISA 3(38) investment fund lineup that includes index and target date funds. The funds in this product are selected and monitored by Mesirow Financial's industry experts.

"Our discretionary lineup management service helps meet the demands of the ever-changing regulatory environment and provides advisors and plan sponsors with a unique offering available on the Paychex platform," said Michael Annin, CFA, senior managing director of investment strategies at Mesirow Financial.

"Each fiduciary firm has its own standards for selecting investments, but in general these processes are designed to ensure that the investments made available to participants are continuously monitored," said Hammond. "This monitoring will improve participants' experience, while assisting the employer in fulfilling its fiduciary obligations to the plan."

In conjunction with MidAtlantic Trust Co., Paychex is also now providing an innovative solution to levelize the commissions paid to financial advisors from fund companies. The program leverages Paychex's industry-leading Return of Concessions feature where all commission and revenue share are returned to participants, and all fees are levelized across all participants in the plan.

To learn more about fiduciary investment solutions available through Paychex, visit www.paychex.com/retirement/plan-management.aspx .

About Paychex Retirement Services Paychex, Inc. is a leading provider of integrated human capital management solutions, including a full suite of retirement services designed to meet the needs of businesses of all sizes. In addition to extensive options for plan sponsors, Paychex Retirement Services also works with financial advisors to help grow retirement plan business through a dedicated team of wholesalers, sales representatives, and advisor support experts.

About Paychex Paychex, Inc. ( NASDAQ : PAYX ) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com , and stay connected on Twitter and LinkedIn .

Media Contacts Lisa Fleming Paychex, Inc. 585-387-6402 lfleming@paychex.com Twitter: @PaychexNews Tess Alberts Eric Mower + Associates 716-880-1488 talberts@mower.com



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us