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LeadChange Group

401(k) Providers

Best 401(k) Providers for Enterprises

Enterprises run large plans with committees and auditors, so governance, data controls and negotiated fees drive the choice.

products that fit
3
By LeadChange Research TeamUpdated Based on 4 sources, facts checked

LeadChange may earn a fee when you request pricing through our site or follow a sponsored link. Rankings never depend on whether a vendor pays us.We may earn a fee.

Research in progress3 products, not scored yet

See ranked 401(k) Providers software

401(k) providers for enterprises

None of these products has enough verified facts for a LeadChange Score yet, so none is ranked: they are listed by the share of their facts we have verified. Prices are list prices as published by each vendor.

Filter by verified facts

  1. Paychex Retirement Services

    Paychex Retirement Services is the 401(k) business of Paychex, a public company founded in 1971 with headquarters in Rochester, New York and Cincinnati, Ohio; it offers pooled employer, traditional, solo and SIMPLE/SEP plans. Pricing is quoted; Paychex states SOC 2 Type 2 reports and ISO 27001 certification.

    Pricing model
    Quote only1
    SOC 2 Type II
    Yes2
    Not scored yet13 of 24 facts verifiedPaychex Retirement Services pricing

  2. Principal Financial Group

    Principal offers 401(k), 403(b), 401(a) and pooled employer plans from start-up to large institutions, plus Simply Retirement by Principal for businesses with fewer than 100 employees; the company was founded in 1879 and is based in Des Moines, Iowa.

    Pricing model
    Base fee + per employee3
    Not scored yet13 of 24 facts verified

    From $145/mo + $6/employee/mo3

    What Principal Financial Group costs

  3. Empower

    Empower is a retirement services company headquartered in Greenwood Village, Colorado, created in 2014 by its parent Great-West Lifeco, that administers 401(k), 403(b), 457 and other defined contribution plans for small to mega employers, governments and nonprofits.

    SOC 2 Type II
    Yes4
    Not scored yet9 of 24 facts verifiedEmpower 401k pricing

LeadChange Score: editorial assessment based on public information.

All 401(k) providers, ranked

How the score works

What matters for enterprises

  1. Audit and committee reporting

    Large plans need records that support audits and investment committee reviews.

  2. Fee benchmarking

    Committees must be able to show that plan expenses are reasonable.

  3. Data security and distribution controls

    Participant accounts and payouts are a target for fraud.

  4. Conversion experience

    Moving large plans requires careful asset and data transfer.

More tools for enterprises

Find your fit

By company size

EnterprisesBest 401k providers for mid-sized companiesBest 401k providers for small businessBest 401k providers for startups

By industry

Best 401k providers for governmentBest 401k providers for nonprofits

By integration

For QuickBooks

Frequently asked questions

Which 401(k) providers for enterprises have SOC 2 Type II?

Empower and Paychex Retirement Services state SOC 2 Type II compliance; Paychex Retirement Services also holds ISO 27001. That is 2 of the 3 products for enterprises.

Which 401(k) providers for enterprises have a mobile app?

Empower and Paychex Retirement Services confirm a mobile app; 1 of the 3 products for enterprises does not document one.

How we research

This ranking of 401(k) providers for enterprises reweights the LeadChange Score: capability coverage 30%, pricing transparency & value 10%, integrations & API 20%, security & compliance 25%, fit & support 5%, and data confidence 10%. Only products with a verified fact showing they serve this segment are listed.

How this page was made

  • What it is built from

    9 verified facts, each checked against the vendor's own pages or another primary source, most recently on Oct 24, 2026.

  • Method

    Scored and compared with the LeadChange methodology, version 1.3. Read the methodology

  • Independent review

    Not reviewed yet by our independent reviewer. How we review

  • Hands-on testing

    We have not tested these products hands-on: this page uses public information only.

  • Who made it

    The LeadChange Research Team, following a written research process. No named expert has reviewed this page. About us

  • Independence and errors

    Who pays us never changes a score or a rank. If something here is wrong, tell us and we correct it publicly. Request a correction

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Sources

The 4 pages this page's facts come from, with the day we last checked each one. The numbers beside the figures above link here.

Quotes from the sources
  1. Paychex paychex.com/retirement-services“The cost of a Paychex 401(k) plan depends on factors like your business size and the services you require.”
  2. Paychex paychex.com/corporate/security“Paychex maintains SOC 1 Type 2 and SOC 2 Type 2 reports over various products and services.”
  3. Principal simplyretirement.com/business-owners/why-simply-retirement“There’s a one-time startup fee of $500 for bundled plans, a monthly recordkeeping fee as low as $145 ($435 billed quarterly), and a $6 monthly fee per participating employee.”
  4. Empower empower.com/plan-sponsors/about-empower/cybersecurity“Unqualified SOC 2 Type 2 third-party attestation”