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AICPA Selects Paychex as Preferred Provider of 401(K) Plan Administration for its Members

The American Institute of Certified Public Accountants has selected Paychex, Inc. as the preferred provider to administer 401(k) plans for AICPA members who participate in the Institute’s retirement program for firms. Paychex was chosen because its programs serve the needs of smalland medium-sized businesses.

“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 urge our member firms to explore this opportunity and their existing retirement strategy with Paychex.”

The AICPA believes its member firms will benefit from using Paychex as their Member Retirement Program Partner. The Paychex program offers more than 3,600 funds, a co-fiduciary service, and local support in over 100 cities to help design and implement plans for firms of any size. Exclusively through this program, AICPA members are eligible to receive competitive retirement plan pricing, integrated payroll processing for small-and mid-size firms, and enrollment in Paychex’ Platinum-level Service Plan.

For additional information or to enroll, members should contact their local Paychex representative, call 1-877-264-2615 from 8:00 a.m. to 8:00 p.m. Eastern Time, or visit www.cpa2biz.com/retirementprogram.

CPA2Biz is a subsidiary of the American Institute of Certified Public Accountants (AICPA), and provides marketing and technology services to the AICPA for its wide array of products and services, such as continuing education, conferences and professional literature. CPA2Biz also develops and manages client-focused business solutions programs (e.g. payroll, banking) that enable CPAs to build stronger relationships with their business clients or employers. For more information, visit www.cpa2biz.com.

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with approximately 350,000 members, including CPAs in business and industry, public practice, government, and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.

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®. 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 561,000 payroll clients nationwide. For more information about Paychex and our products, visit www.paychex.com.

Press Contact Information:

Paychex Media Contact
Lisa Fleming
Public Relations Program Manager
585-387-6402
lfleming@paychex.com

CPA2Biz Media Contact
Pamela Johnston
Public Relations Representative
PJ Inc.
212-629-8445
Pamela@pjinc.net