Company: PAYX
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000950170-25-083153
Chunk: 12

Company: PAYCHEX INC
Filing Date: 2025-06-06
Form: 11-K
Chunk 12
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 Plan, and has concluded that as of December 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Therefore, the Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. NOTE G. RECONCILIATION OF FINANCIAL STATEMENTS TO IRS FORM 5500 The following is a reconciliation between the net assets available for benefits as reported in the financial statements to the net assets available for benefits as reported in IRS Form 5500 as of:

|                                                          | In Thousands |   | December 31, |      2024 |     |   |     |      2023 |
|:---------------------------------------------------------|:-------------|:--|:-------------|----------:|:----|:--|:----|----------:|
| Net assets available for benefits – financial statements |              | $ |              | 2,259,520 |     | $ |     | 2,005,694 |
| Less: deemed distributions  –  defaulted loans           |              |   |              |       408 |     |   |     |       359 |
| Net assets available for benefits – IRS Form 5500        |              | $ |              | 2,259,112 |     | $ |     | 2,005,335 |

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SCHE DULE OF ASSETS (HELD AT END OF YEAR) (SCHEDULE H, LINE 4i – FORM 5500) PAYCHEX, INC. 401(k) INCENTIVE RETIREMENT PLAN EIN-16-1124166 PLAN 001 December 31, 2024 (Dollars, Units, and Shares in Thousands)

| Identity of    
 Party          
 Involved       |     | Description of Investment Including Maturity            
 Date, Rate of Interest, Collateral, Par or              
 Maturity Value                                          |     | Units/ 
 Shares |     |        |     |   | Current 
 Value   |           |
|:---------------|:----|:--------------------------------------------------------|:----|:-------|:----|-------:|:----|:--|:--------|----------:|
| Fidelity*      |     | Cash                                                    |     |        |     |      - |     | $ |