Paychex Announces Paychex Premier(SM) Human Resources; Total HR Outsourcing Solution Bundles Payroll Services With 401(k), FSA and Expanded Support of On-Site Human Resource Representative.

ROCHESTER, N.Y. -- Paychex, Inc. today introduced Paychex Premier Human Resources, the latest offering in the company's growing suite of human resource products and services. This comprehensive human resource outsourcing solution offers full payroll and human resources administration services, along with the expert support of an on-site human resource representative. Paychex Premier provides businesses with an enhanced package of products that combines Paychex Administrative Services, the company's inaugural comprehensive payroll and HR services product, with its 401(k) Plan Recordkeeping and flexible spending account products.

"Paychex Premier continues our great tradition of bringing tremendous value to our clients and their employees, through access to industry-leading HR services and employee benefits offerings," said Tony Tortorella, vice president of sales for Paychex Human Resource Services.

Paychex Premier pairs businesses with a specially trained human resource representative who works on-site, in partnership with a company's HR staff. The Paychex HR representative, backed by a team of experienced professionals, can provide support for functions such as employment and exit interviews, development of an employee handbook, and on-site enrollment meetings for retirement or section 125 plan participants.

"With Paychex Premier, our clients have the benefit of scheduled support visits by our HR representatives -- as well as immediate help when unexpected HR issues arise," said Diane Rambo, vice president of operations for Paychex Human Resource Services. "We free the company's HR staff to focus on strategic matters like recruiting, training, and policy development, while the Paychex HR representative concentrates on the time-consuming tasks like plan administration, benefits renewal, and employee communications."

Paychex Premier offers cost-effective solutions to the design and administration of payroll services, benefits plans, and human resource programs, including the following:

--Payroll Services: Payroll processing, tax payment service, time and attendance solutions, new-hire reporting, online services, W-2s.

--Human Resource Services: Paychex HR Online, an Internet-based human resources information system (HRIS); on-site training and seminars on such topics as interviewing and hiring, performance appraisals, and non-harassment; employee handbooks; and management manuals.

--401(k) Plan Recordkeeping: Variety of investment options through leading investment providers, profit-sharing plan options, cross-tested plan design, discrimination testing, and participant Web site or automated phone system.

--Section 125 Plans: Premium Only Plan (POP), Flexible Spending Account (FSA), participant enrollment, and daily claim processing and reimbursement.

--Employee Benefits: Employee Assistance Program (EAP), COBRA administration, and state unemployment insurance service.

--Safety and Loss Control Services: Assistance with OSHA standards and compliance, and employee safety and health training media.

--Workers' Compensation Payment Service: For an additional fee, payday-to-payday premium calculation; budgeted, electronic payments; and detailed reports.

For more information about Paychex Premier Human Resources, go to www.paychex.com/products/premier.html.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading national 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(R). Human resource and benefits outsourcing services include 401(k) plan recordkeeping, workers' compensation administration, section 125 plans, a professional employer organization, and other administrative services for business. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices and serves approximately 522,000 payroll clients nationwide. For more information about Paychex and our products, visit www.paychex.com.