Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 45

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 45
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 2023 and 2024 an additional $7,500. Under our 401(k) plan, each employee is fully vested in his or her deferred salary contributions. Employee contributions are held and invested by the plan’s trustee, subject to participants’ ability to give investment directions by following certain procedures. We provide matching contributions under our 401(k) plan equal to 100% of the first 1% of employees’ salary deferrals and 50% of employees’ salary deferrals between 2% and 6%, up to a maximum matching contribution of 3.5% of salary. Our 401(k) plan also permits us to make discretionary contributions, and all of our contributions are subject to established limits and a vesting schedule. We do not maintain any defined benefit pension plans or any nonqualified deferred compensation plans. Perquisites and Other Personal Benefits We provided our NEOs with perquisites and other personal benefits in 2022, 2023 and 2024 that the Committee believed were reasonable and consistent with our overall compensation program. In addition to the items described below, we pay country club dues on behalf of Mr. Richison and all of our NEOs are entitled to participate in a supplemental medical plan that provides for visits and benefits with private physicians and health professionals. The 51

Committee periodically reviews the levels of perquisites and other personal benefits provided to our NEOs. Attributed costs, if any, of the personal benefits for the NEOs for the years ended December 31, 2022, 2023 and 2024 are included in the “All Other Compensation” column in “Compensation of Executive Officers—Summary Compensation Table.”

Automobile Allowances. During 2024, Messrs. Richison and Boelte received monthly automobile allowances pursuant to their respective employment agreements.

Security. Pursuant to his employment agreement, the Company is obligated to provide personal and home security for Mr. Richison. We view these security services as an integral part of our risk management program and necessary and appropriate business expenses for the benefit of Paycom.

Private Air Travel. Pursuant to Mr. Richison’s employment agreement, the Company is obligated to provide 24 hour-per-day, 365 day-per-year access to private aircraft for Mr. Richison’s business travel, and he is entitled to 75 hours of flight time per year for non-Company use of such private aircraft. To fulfill his duties, Mr. Richison frequently uses the private aircraft when he travels on business. Such