Form 5500 · Schedule H line 2i(12) · form year 2024

Paychex Retirement LLC

PAYCHEX POOLED EMPLOYER 401(K) PLAN · EIN 853275179 · plan number 001
$54.68
Administrative expenses paid from plan assets, per participant, as the sponsor reported, for form year 2024. The denominator is 255,088 participants with account balances.
This is line 2i(12) of Schedule H only. It excludes fees netted inside fund expense ratios and fees the employer pays directly, which are not in that line and are therefore not in this figure.
Among plans of its size — 50,000 and above participants with account balances, 122 plans in that band across the whole dataset — this plan's reported figure is between the median and the 75th percentile.
p10 $12.67p50 $50.76p90 $131.98

Percentiles are computed over all 52,836 qualifying plans in the form year 2024 dataset, not over the plans published here.

What the filing breaks out, and what it does not

Schedule H lineAs filed
Contract administrator fees$12,077,088
Investment management fees$1,869,998
Other administrative expenses$0
Total administrative expenses (line 2i(12))$13,947,086

A blank line above means the sponsor did not report a figure for it, which is not the same as reporting zero. Where the named lines add up to less than the total, the difference is shown rather than left for the reader to work out.

The rest of what this filing reports

Participants with account balances255,088
Net plan assets, end of year$1,768,512,554
Employer contributions$168,962,120
Participant contributions$575,529,992
Late participant contributions remitted$7,330,674

Late participant contributions are amounts the sponsor reported as remitted to the plan later than the deadline in 29 CFR 2510.3-102. It is reported here because the sponsor reported it, not as a judgement about it.

Check this against the filing

Every figure above was read from Paychex Retirement LLC’s own Form 5500 for form year 2024, EFAST2 acknowledgement ID 20251008165529NAL0005841041001, located 2026-08-30.

Open the filing (PDF)

The line itself is on the 2024 Schedule H form at line 2i(12), Total administrative expenses. If our number and the document disagree, the document is right and we want to know.

Plans of a similar size

Same size band, nearest reported figures. Size bands are the point: a plan with a few hundred people and one with a few hundred thousand are not comparable, and putting them side by side would imply they were.

Fedex Corporation
$54.85 per participant
140,526 with balances
H.e.butt Grocery Company
$54.07 per participant
71,186 with balances
Kaiser Foundation Health Plan, INC.
$56.71 per participant
176,765 with balances
Laboratory Corporation Of America Holdings
$52.43 per participant
66,926 with balances
Compass Group USA, INC.
$57.35 per participant
86,625 with balances
Apple INC.
$51.15 per participant
143,849 with balances

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