Paychex 2011 Annual Report Download - page 12

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2011 Annual Report
provider of new 401(k)
plans for the 8th year.
Nearly
401(k) plans served in all
͙0 states.
Paychex
HR
Solutions
HISTORICAL
TRENDS
Revenue Net Income
Clients (in millions) (in millions)
1983 30,000 $24 $1
1990 120,000 $120 $9
2000 352,000 $728 $190
2011 564,000 $2,084 $515
57,000
Serving
567,000
client employees
From
the Hill to
Main Street
Some national legislative
changes that we helped our
clients with this year:
➤ Changes in the eligibility
of some flexible spending
account reimbursements.
➤ The tax cut extension.
➤ The payroll tax holiday.
➤ Passage of the Tax Relief,
Unemployment Insurance
Reauthorization, and Job
Creation Act of
2010
.
➤ Expiration of the HIRE Act.
➤ Expiration of the Making
Work Pay tax credit.
➤ Repeal of the Form
1099
tax
reporting requirement of the
Affordable Care Act.
➤ Amendment of the Affordable
Care Act’s voucher provision
for low-earning workers.
➤ Threat of a government
shutdown.
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Stats Facts
argest number
of recordkeeping
plans, accounting
for
of all 401(k) plans
in the .S.
10%
401(k)
#1
#1
10