ROCHESTER, N.Y., April 8, 2019 /PRNewswire/ -- Paychex, Inc., one of the nation's leading providers in 401(k) recordkeeping services, has released a series of enhancements to both its participant dashboard and advisor portal, designed to simplify the process of enrolling in and managing a 401(k) plan. The new participant dashboard, along with added functionality to the advisor portal, is the latest in a series of retirement-focused product developments from Paychex.
For participants, the new dashboard experience expands retirement plan access, understanding, and investment management through a series of new features, including:
"In response to gaps in retirement readiness, Paychex is continually investing in tools to increase 401(k) participation," said Paul Davidson, director of product management at Paychex. "Our new participant dashboard makes the process of enrolling in a 401(k) simpler than ever before, and as a result, we're already seeing increased participation rates. The enhanced dashboard provides a unique combination of tools and resources that empower participants to begin the process of confidently preparing for retirement."
In addition to the participant dashboard enhancements, Paychex also introduced a new feature for plan advisors. The new Plan Health Report, available in the Paychex advisor portal, makes it easy for advisors to measure plan effectiveness and deliver better retirement outcomes through the following:
The advisor community also sees the new Plan Health Report and participant dashboard as a valuable differentiator. "As an advisor with over 60 retirement plans to manage, the Paychex portal is the best I've seen in the industry. I look forward to sharing it with my clients," said Robert Bove, wealth advisor and partner with Stratos Wealth Partners in Avon, Ohio.
To see a demonstration of the new participant dashboard and Plan Health Report, visit Paychex at booth no. 228 at the NAPA 401(k) Summit, taking place April 7-9 at Caesars Palace in Las Vegas. A video demo is also available here.
To learn more about Paychex Retirement Services, visit www.paychex.com/retirement-services. Financial advisors interested in partnering with Paychex should visit www.paychex.com/partnerships/financial-advisors.
About Paychex Retirement Services
Paychex, Inc. is a leading provider of integrated human capital management solutions, including a full suite of retirement services designed to meet the needs of businesses of all sizes. In addition to extensive options for plan sponsors, Paychex Retirement Services also works with financial advisors to help grow retirement plan business through a dedicated team of wholesalers, sales representatives, and advisor support experts.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves over 650,000 payroll clients as of May 31, 2018, across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.
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SOURCE Paychex, Inc.