The company processes the payrolls of about 564,000 clients, making it the second-largest payroll accounting firm in the US after Automatic Data Processing. Paychex also provides automatic tax payment, direct deposit, and wage garnishment processing. Its Paychex Business Solutions (a professional employer organization) offers such services as 401(k) record-keeping, risk management, benefits administration, and group...
Paychex, Inc. 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 approximately 554,000 payroll clients nationwide, as of May 31, 2009.
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