Products April 8, 2019

Paychex Adds Plan Health Report to Retirement Plan Adviser Portal

Using retirement readiness measures, advisers have access to an objective guide to help evaluate plan status, and allowing advisers to compare metrics for plans of similar size and scope provides assessment opportunities so advisers can easily adapt plans to accommodate changing dynamics.

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Paychex, Inc. has enhanced its 401(k) plan adviser portal.

A new Plan Health Report makes it easy for advisers to measure plan effectiveness and deliver better retirement outcomes with tools to evaluate plan health and benchmarking capabilities.

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Using retirement readiness measures (including participation rate, contribution average and account balance average), loan summary information, investment lineup and plan design, advisers have access to an objective guide to help evaluate plan status. In addition, allowing advisers to compare metrics for plans of similar size and scope, the Plan Health Report provides assessment opportunities so advisers can easily adapt plans to accommodate changing dynamics.

“As an adviser with over 60 retirement plans to manage, the Paychex portal is the best I’ve seen in the industry,” Robert Bove, wealth advisor and partner with Stratos Wealth Partners in Avon, Ohio. “I look forward to sharing it with my clients.” 

A video demo of the enhanced adviser portal is available here. Financial advisers interested in partnering with Paychex should visit www.paychex.com/partnerships/financial-advisors.

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