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Paychex Payroll Pricing: 2022 Costs, Fees & Service Rates

Paychex is one of the most popular and successful outsourcing HR and payroll companies in the US and can boast many high-profile customers.

 

But that doesn’t mean that they restrict themselves to large corporate companies, far from it. They offer their services to every sized company, from small businesses and startups to enterprise-level companies and everything in between.

Here are some interesting statistics about Paychex payroll services and general HR:

  • Although based in Rochester, NY, the company has over 100 locations in Europe and the US.
  • One in twelve US private-sector employees receive their paycheck from Paychex.
  • The company boasts a staff of more than 600 HR professionals.
  • The company’s HR employees average eight years of training and experience.
  • Among the HR professionals, the company employs over two hundred experts in local, state, and federal regulations compliance.
  • Paychex is a member of the National Association of Professional Employer Organizations (NAPEO).
  • The company’s activities are IRS certified and accredited by the BBB and ESAC.

So, how much does all this expertise cost?

Well, Paychex has multiple services available, and we will break them down in this article. Unfortunately, Paychex payroll fees don’t appear on their website. Instead, they prefer to speak directly to their customers to design a package that suits you. However, we have managed to compile some figures for you from various online resources

Paychex Payroll Services & Solutions

Paychex doesn’t only provide payroll solutions; it also supplies timekeeping and general human resources services too.

In addition, the company assists its customers with the following services:

  • Recruitment and onboarding.
  • Tax filing.
  • Benefits management. Furthermore, you can purchase medical, dental, optical, and life insurance for your employees.
  • Various types of business insurance.
  • And much more.

The great thing about Paychex packages is that customers can customize them to suit their company’s requirements. This is the same whether you’re a startup needing only the basic HR skeleton or a multi-national corporation requiring the entire broad spectrum of HR services. Customers also have the advantage that they can add or subtract features depending on what they need. This system also offers flexibility in Paychex pricing, allowing your company to work within its budget while remaining compliant with the regulations.

Paychex Pricing Plans & Subscriptions

At the time of writing, Paychex has three pricing tiers available for customers. But, even the most expensive will be more affordable than hiring employees to do the work in-house. Each tier shows where a customer can begin and subsequently add extra features as needed, with an appropriate increase in Paychex prices and fees.

  1. Firstly, Paychex Go costs around $60/month plus $4 per user.
  2. Next, Paychex Flex pricing ranges from $90 to $150/month plus about $5 per user.
  3. Paychex Flex Enterprise, however, is customized for your company, so you must contact a Paychex agent directly and ask for a quotation.

*Please note that Paychex rates and plan descriptions were correct at the time of writing but may change without notice.

Paychex Go

Paychex Go is the basic entry-level package. The plan provides a small company or independent contractor with a payroll service covering everything to get the job done. It operates from a simple mobile app that calculates wages and files your company and employees’ tax. The plan also integrates with other third-party software tools such as QuickBooks. This basic-level package can handle overtime and short hours. Also, it calculates paychecks at weekly, monthly, or quarterly intervals.

Then, when the time comes to pay the IRS, it ensures you pay tax on time, thus remaining wholly compliant and avoiding federal tax penalties.

Paychex Flex Select

This plan is Paychex’s most popular option. Generally, the price depends on the customized features you choose. The package contains everything in Paychex Go plus allocates a dedicated payroll specialist to your company’s account. The plan also integrates with many third-party HR, bookkeeping, and accounting software tools. At the time of writing, the company also offers $1000 of digital marketing services and the assistance of a specialist consultant.

Paychex Flex Enterprise

This plan has featured in addition to those of the Go and Select packages. With this plan, Paychex offers the service of an entire HR package that addresses more complex issues. The features include:

  • Unemployment insurance processing.
  • Paycheck deductions and wage garnishment.
  • Employee background checks.
  • Workers’ compensation insurance.
  • Cloud-stored feedback, training modules, and HR compliance information.

Paychex Software Integrations

Every company grows over time, and you must have your company administration working efficiently while your company matures. Your employees will expect to be hired, managed, and paid efficiently. Otherwise, you’ll lose your workforce. Therefore, any new software tools must integrate with those you already use.

Paychex integrates and helps to connect and share data between its payroll solutions and other popular HR, productivity, and financial tools.

Some of the most popular integrated software brands include:

  • QuickBooks
  • Xero
  • Indeed
  • BambooHR
  • Insight360
  • Clover

For a complete list of current integrations, visit the Paychex website.

Paychex Payroll Cost by Number of Employees

Usually, the cost of subscribing to Paychex payroll services depends on the number of employees. Therefore, you will be charged a flat rate plus a set cost per user. This means that as your company expands, you will pay more for the added services to your subscription.

You’ll find that you will save money even with a small team by choosing a Paychex subscription. So, let’s look at how the payroll processing costs vary with the number of employees.

Paychex Payroll Cost for 2 Employees

Let’s assume you own a small company with only two employees. Perhaps you’re a contractor or a small medical practice. In this case, Paychex Go will probably cost around $68 per month. This payment covers the standard Paychex payroll system, including tax calculations, direct deposit, and the other essential functions we’ve already mentioned.

However, you must use Paychex Select if you prefer to issue paper pay checks with customized branding. If this is the case, then you will pay $100 per month. The Paychex cost for one employee or two will probably have too many features if you choose a package in the higher two tiers, so stay at the entry-level if you can.

Paychex Cost for 20 Employees

Now let’s assume you have a slightly bigger company. For example, you might have twenty employees. In which case:

  • A Paychex Go subscription costs $140month.
  • Paychex Select ranges from $150 to $230/month.

You can see from these prices that with the higher number of employees, it’s probably better to choose the Paychex Select package.

Paychex Pricing for 50 Employees

Now, what happens if you have fifty employees? In this case, your outgoings will be:

  • About $260 for Paychex Go.
  • And $240 to $340 for the Paychex Select.

As you can see, once again, Paychex Select is more cost-effective than the Go plan bearing in mind the more extensive range of features.

As you might expect, twenty or fifty employees are more difficult to manage and will take up much more of your time. So the added features available in the plans available from the upper tiers will provide you with considerable benefits when managing a larger workforce. We’ll talk more about the benefits in the next section.

Benefits of Paychex Payroll Solutions

Without a doubt, Paychex services and solutions provide many benefits for employers across the US and worldwide. Not only will the system grow alongside your company, but you can also add or subtract features as needed. But, perhaps, a far better feature is its ease of use.

If you need help at any time, Paychex customer support is exceptional and will steer you back on track. Additionally, the built-in HR tools allow you to manage your employees easily.

Paychex solutions are ideal HR tools for small and mid-sized companies and give you access to:

  • Health insurance.
  • Business insurance.
  • HR administration.
  • Retirement plans.
  • Payroll services.
  • Employee benefits administration.

However, you’ll find that it’s tough to get information about costs without speaking to an agent.

What Other Services Do Paychex Provide?

You might be surprised to hear that Paychex offers additional benefits to companies other than payroll, benefits, and HR. These include:

Useful, aren’t they?

Paychex Payroll Reviews & Ratings 

PayChex Payroll has a very good reputation on some apps, like G2. Here, more than 80% of customers leave the company a 5-star review, resulting in an average 4 stars out of over 1000 reviews. Customers quote customer service, ease of use, and features as reasons for the good reviews. Customers quote fast service, helpful support, and friendly representatives, with some citing having used it for 20+ years 

ON other websites, the brand has a significantly worse reputation. For example, on Consumer Affairs, Paychex has a 2.8-star review. Customers cite problems with taxes being paid, with customer service not following up, and improperly filed paperwork. TrustPilot has a similar review profile. However, with just 14 reviews, it doesn’t share enough opinions to have a full picture.  

Overall, most Paychex reviews are overwhelmingly positive. However, some people definitely have issues with the brand and its customer service. Going into the service, you may want to be sure that you double check everything, connect with your representative, and ensure the system  

Next Steps

Finding an outsourced payroll company that also offers HR services can be a problem, especially when you can’t find quoted prices online to compare. Whatever happens, don’t choose the first company that gives you a quote. Shop around and find the company that provides the features your company needs at affordable prices. Paychex payroll solutions might be the way forward. In a nutshell, you need professional help to prevent spending a lot of time online or on the phone. That’s where we come in.

Complete the form on this page, and you’ll receive up to three quotations detailing Paychex pricing rates for the plan that suits your company and its resources.