Recordkeepers
NAPAFIRMPARTNERS
Rochester, NY • paychex.com
Philadelphia, PA • pcsretirement.com
Paychex
PCS Retirement, LLC
Key Contact(s)
Key Contact(s)
Dan Campanelli 303.905.1119 • dcampanelli@paychex.com Heidi Conti 585.216.0471 • hconti@paychex.com
Matt Drummond 267.780.3344 • matthew.drummond@pcsretirement.com Pete Kirtland 813.766.4273 • pete.kirtland@pcsretirement.com Reno Regalbuto 267.675.6714 • reno.regalbuto@pcsretirement.com
Firm Profile Paychex, Inc. is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves approximately 740,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live.
Primary Market(s) Served
Firm Profile PCS Retirement is among the nation’s largest independent and conflict-free retirement solution providers in the industry. PCS Retirement offers Recordkeeping services to over 32,000 plans and 850,000 eligible participants representing $28+ billion in retirement assets. PCS allows mutual fund companies, investment managers and other financial institutions to offer leading white label and branded retirement solutions for the complete spectrum of retirement plans and accounts.
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million
Primary Market(s) Served
Plans / Participants Served by Type*
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
401(k): 113,600 / 1,381,411
Total Assets Administered
Plans / Participants Served by Type*
Proprietary recordkeeping system, Omni SunGard
401(k): 8,400 / 177,000 403(b): 17,700 / 147,000 457: 1,200 / 9,000 Cash Balance: 46 / Defined Benefit (Traditional): 118 / Money Purchase: 12 / 500 NQDC: 15 / 80 Other: 4,300 / 27,000
Asset Allocation Funds
Total Assets Administered
$46,000,000,000
Plans by Channel
Direct: 75,892 / Advisor: 37,682
Platform(s) Used
See kindex.paychex.com for full list of available funds.
$28,000,000,000
Advisor Support Services
Plans by Channel
Internal Wholesalers Focused on Advisors: 25 Compliance Support, Plan Benchmarking, Training for DC Plan Sales/Service
Direct: 0 / Advisor: 32,000
Platform(s) Used
Participant Support Services
PCS Retirement recordkeeping platform
Rollover Services, Call Center Support, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Asset Allocation Funds
Plan Sponsor Service(s) Available Enrollment Meetings; Client/Participant Call Center; Web/Mobile access to plan data; Multilingual Support (Spanish language); Fiduciary Products: 3(38), 3(21), 3(16); PEP: Paychex acting as pooled plan provider and 3(16)
Open-architecture, mutual funds, ETFs, advisor managed model
Advisor Support Services
External Wholesalers Focused on Advisors: 6 External Wholesalers Focused on Institutional: 9 Internal Wholesalers Focused on Advisors: 7 Internal Wholesalers Focused on Institutional: 2 Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services Rollover Services, Call Center Support, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available An effortless retirement savings plan for employers featuring: award-winning client services, hands-on, tactical and strategic support, tailored plan design services, the latest recordkeeping technology. *as of 6.30.23
NAPABLACKBOOK2023
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