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Paychex History
PEO
MMS
Employee Benefits
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100

When did John Gibson join Paychex and what year did he become CEO?

2013 and 2022

100

What does PEO stand for?

Professional Employer Organization

100

What is MMS target segment size? 

20-49

100

What is the first right of refusal in PEO UW?

This means that Paychex UW wants to see all documents when a deal is submitted and have "first right of refusal" for WC and Medical. If we need a carve out or it is denied we then move to PIA or need to make our request known up front before the deal is submitted. 

100

Who is your favorite DSM? 

Both


JK - We all know it is Noe 

200


What year did Marty Mucci become CEO?


2010

200

What is Protection Plus? What is the EPLI deductible? 

EPLI and Cyber Liability Insurance.

EPLI deductible is 50k but the client pays the first 25k and Paychex pays the second 25k as long as the client follows Paychex's advice.

200

What does MMS stand for? 

Major Market Sales 

200

What is our minimum medical benefit participation enrollment? 

5 employees 

200

What Restaurant has two locations within a few miles from another in San Marcos? 

Garcia's

300

What year was Paychex founded? 

1971

300

How many WSE are supported by Paychex HR in FY 2022? 

2 million 

300

How many private sector workers did we pay in 2022 in the US? 

1 in 12 workers

300

What carriers are our master medical plan options through in Texas? 

BCBS and Aetna

300

What is Noe's favorite color?

Purple

400

How many years in a row has Paychex been ranked most ethical as of 2022?

14 years 

400

What is a CPEO?

A certified PEO (CPEO) is a Professional Employer Organization that has met the rigorous background, financial, and reporting requirements set by the IRS. Certification ensures financial protections and tax benefits to clients of a certified PEO that clients of non-certified PEOs do not necessarily have.

  • CPEOs are responsible for the payment of federal employment taxes. (If a company uses a non-certified PEO that doesn’t pay their taxes, they could be liable for the unpaid federal employment taxes, late penalties and interest related to their employees.)
  • The certification program requires a CPEO to post a bond each year of up to $1 million guaranteeing payment of its federal employment tax liabilities.
  • CPEO clients have express authority to continue to claim specified tax credits for which they would be entitled to claim if there were no PEO relationship.
  • Certification eliminates the wage-base restart for PEO customers that join or leave a CPEO during the year. That means the client can make a change at any time and does not need to wait until January to make a change, saving thousands of dollars in taxes.

Fewer than 7% of the PEOs in the U.S. are currently certified by the IRS. 


400

How many W-2's did Paychex process in FY 2022? 

11 Million

400

How many 401k options do we have on the PEO and what are their acronyms? 

3

SEP, PEP, MEP

400

How much revenue did Paychex have in FY 2022? 

4.6 Billion 

500

How many clients do we have throughout Paychex as of FY 22?

730,000 plus

500

What is an ESAC Certification? 

Another common certification that PEOs can obtain is accreditation by the Employer Services Assurance Corporation (ESAC).

ESAC, an independent nonprofit corporation, is the official accreditation and financial assurance organization for the PEO industry. Earning accreditation demonstrates a PEO’s financial stability, ethical business conduct and adherence to operational standards and regulatory requirements.

Partnering with an accredited PEO helps ensure reliability of the service provider. Accreditation requires compliance with more than 40 industry best practices and quarterly verification of all key employer payments, including federal and state employment taxes, health and workers’ compensation premiums, and retirement plan contributions. Less than five percent of the industry has achieved this proven level of reliability.

500

How many tax credits did Paychex help issue in FY 2022? 

8 Billion 

500

How many medical plan options are we able to offer a company?

3

500
What is the fear of the number 13 called? 

Triskaidekaphabia