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Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. [1] Founded in 1971 and headquartered in Rochester, New York , the company has more than 100 offices serving approximately 740,000 payroll clients in the U.S. and Europe. [ 1 ]
Key Points. Investing in a 401(k) can help you build wealth for retirement. You should make sure you choose the right type of 401(k) if your employer offers both a traditional and a Roth option.
Fortunately, a 401(k) offers portability, so you don’t need to be stuck in a former plan if you don’t like it. Workers have a few options for dealing with their old 401(k) after leaving a company:
In 2023, a solo 401(k) allows the participant to save up to $22,500 as an employee contribution and a further $43,500 as an employer contribution. Those aged 50 and over can add another $7,500 ...
Personally, I think the 401k should be a top priority over other investment accounts if there's a match to be had. Indeed, some employers offer some really generous matches (think more than 100% ...
Now more than ever, a comfortable retirement depends on secure, stable investments. Unfortunately, the right stocks for retirement won't just fall into your lap. In this series, I look at 10 ...
The fortunes of payroll processor Paychex (NAS: PAYX) seem to be on the upswing as it posts a 7.2% growth in service revenue in the recently announced third quarter. Although a weak economy and ...