Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

Paychex Advisor Select 401(k), a product developed by the recently acquired ePlan Services, is concession neutral in that Paychex does not retain any form of revenue share payments that are provided by mutual funds. The offering provides online account administration for both employer-plan sponsors and their employee-plan participants.

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