Paychex 2010 Annual Report Download - page 4

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Client Highlights As of May 31,
2010 2009
Client base 536,000 554,000
Paychex HR Solutions client employees served 502,000 453,000
Paychex HR Solutions clients 19,000 18,000
Insurance services clients(1) 92,000 86,000
Retirement services clients 51,000 50,000
Payroll tax administration services penetration 94% 93%
Employee payment services penetration 77% 75%
Asset value of retirement services client employees’
funds (in billions) $11.3 $8.5
(1) Includes workers’ compensation insurance clients and health and benefits services clients.
Client Highlights
Corporate Overview
Paychex, Inc. (NASDAQ:PAYX) is a leading 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 services
include 401(k) plan recordkeeping, section 125 plans, a
professional employer organization, time and attendance
solutions, and other administrative services for business.
A variety of business insurance products, including group
health and workers’ compensation, are made available
through Paychex Insurance Agency, Inc.
Paychex was founded in 1971. With headquarters in
Rochester, New York, the company has more than 100
offices serving approximately 536,000 payroll clients
nationwide as of May 31, 2010. For more information
about Paychex and our products, visit www.paychex.com.