Paycom Payroll, LLC 401(k) Review & Grade
Paycom 401(k) Plan
Oklahoma City, OKProfessional, Scientific & Technical Services7,136 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,645Employer $ per active participant
$5,822Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$322.4MNet plan assets, end of year
$39,310Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 38th |
| Employee saving | 31th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,450 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Paycom Payroll put in about $2,645 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $18,879,097 |
| Participant (employee) contributions | $41,551,598 |
| Other contributions (incl. rollovers in) | $8,423,381 |
| Administrative expenses paid from the plan | $518,979 |
| Contract administrator fees | $458,979 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $32,383,950 |
| Net assets, start / end of year | $247.2M / $322.4M |
| Active participants, start / end of year | 7,200 / 7,073 |
| Participants with account balances | 8,202 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogantaylor LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $458,979 reported compensation |
| Alliant Retirement Servi | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916133300NAL0002004977001, received 2025-09-16, EIN 26-0302465, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.