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Paychex Retirement Services

Paychex Retirement Services Understanding Participant Fee Disclosure Dear Plan Administrator: Regulations require employers who sponsor certain qualified Retirement plans to provide participants and beneficiaries with a Participant Fee Disclosure Statement. The fee disclosure must be provided on or before the date the participant can first direct their investments and annually thereafter. The fee disclosure is intended to make the participant/beneficiary aware of his or her rights and responsibilities associated with the investment options made available under the plan. The disclosure will allow him or her to make informed decisions regarding the management of their account. If information in the fee disclosure changes, you must distribute an updated fee disclosure statement to eligible employees 30 days in advance of the change.

Paychex has made an online report available that specifies the participants who have elected to receive the fee disclosure electronically and those you must provide a paper copy to. To access the report, please follow these steps: 1. Log in to the Paychex Retirement Services for Employers website* at www.paychexflex.com and

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