Paychex, Inc. (NASDAQ:PAYX) is a leading national 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 and benefits outsourcing services include 401(k) plan recordkeeping, workers’ compensation administration, section 125 plans, a professional employer organization, and other administrative services for business. Paychex was founded in 1971.
With headquarters in Rochester, New York, the company has more than 100 offices. At the end of fiscal 2005, the company reached a new milestone, serving approximately 522,000 clients. FORTUNE magazine rated Paychex one of "100 Best Companies to Work For" in America three straight years (2002-2004). In fiscal 2004, Paychex generated nearly $1.3 billion in service revenues. For more information about Paychex and our products, visit www.paychex.com.
