Paychex Insurance Agency Ranks 28 on Top 100 List of U.S. Insurance Firms

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ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex Insurance Agency, a wholly owned subsidiary of Paychex, Inc., ranks number 28 on Business Insurance magazine’s 2012 list of the Top 100 Brokers of U.S. Business. This marks the agency’s second appearance on the list, up from number 30 last year. In its annual list, Business Insurance, the leading trade magazine for the commercial insurance industry, ranks agents and brokers based on revenues generated by U.S.-based clients.

“It’s a tremendous honor to see the Paychex Insurance Agency ranked among these industry leaders,” said Kevin Hill, Paychex vice president of insurance and HR Solutions services. “With revenues of $92.3 million, and more than 24 percent year-over-year growth from this time last year, the advancement of the Paychex Insurance Agency is a testament to our unique business model, our exceptional customer service, and talented workforce.”

Paychex Insurance Agency, serving over 100,000 clients, is a full-service agency offering flexible, scalable insurance solutions for business owners and their employees. Insurance services include:

The Paychex Insurance Agency primarily focuses on the needs of America’s small- and medium-sized businesses and is uniquely positioned in the industry with the ability to use the latest technology to seamlessly integrate with Paychex payroll, significantly streamlining insurance administration. The agency currently works with more than 150 national and regional insurance carriers to design services that make insurance more affordable.

“As the country’s businesses continue to navigate through the ever-changing regulatory landscape, especially in light of health care reform, the Paychex Insurance Agency will continue to be an essential partner to them—offering products and services that help meet critical business objectives and better serve employees,” added Hill.

For example, as part of the regulations mandated by the Patient Protection and Affordable Care Act, Paychex can leverage clients’ payroll and insurance data to help them meet the new W-2 reporting of employee health coverage requirement. Paychex also helps businesses simplify the process of claiming the Small Business Tax Credit by providing details on employees’ hours, wages, premiums, and withholdings.

For the latest from the Paychex Insurance Agency on health care reform, visit http://www.paychexinsurance.com/healthcarereform.

For more information about the Paychex Insurance Agency, visit www.paychexinsurance.com.

About Paychex

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 567,000 payroll clients as of May 31, 2012. For more information about Paychex and our products, visit www.paychex.com.

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Paychex, Inc.
Media:
Lisa Fleming, 585-387-6402
Public Relations Program Manager
lfleming@paychex.com
@PaychexNews
media.paychex.com

Source: Paychex, Inc.

Released July 17, 2012