Company: PAYX
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000950170-25-083153
Chunk: 2

Company: PAYCHEX INC
Filing Date: 2025-06-06
Form: 11-K
Chunk 2
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 of December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated in all material respects in relation to the financial statements as a whole.

/s/ Insero & Co. CPAs, LLP

Insero & Co. CPAs, LLP

Certified Public Accountants

We have served as the Plan’s auditor since 2013.

Rochester, New York

June 6, 2025

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PAYC HEX, INC. 401(k) INCENTIVE RETIREMENT PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS In Thousands

| As of December 31,                                            |     |   | 2024 |           |     |   | 2023 |           |
|:--------------------------------------------------------------|:----|:--|:-----|----------:|:----|:--|:-----|----------:|
| Assets                                                        |     |   |      |           |     |   |      |           |
| Cash                                                          |     | $ |      |     6,996 |     | $ |      |     4,386 |
| Investments:                                                  |     |   |      |           |     |   |      |           |
| Common stock                                                  |     |   |      |           |     |   |      |           |
| Paychex ESOP Stock Fund                                       |     |   |      |   231,016 |     |   |      |   222,555 |
| Annuity funds                                                 |     |   |      |           |