The American Institute of CPAs and Paychex have expanded their partner program -- where Paychex provides payroll services to AICPA members -- to include 401(k) recordkeeping services.

Under the expanded AICPA Business Solutions Paychex Partner Program, enrolled CPAs can offer clients a $200 reduction on the set-up fee for Paychex 401(k) recordkeeping services and a six-month satisfaction guarantee.

CPA2Biz, the insitute's marketing arm, chose Paychex as its preferred payroll service provider in 2003, replacing InterPay, a payroll provider that Paychex acquired earlier that year.

Nearly 20,000 CPAs have enrolled in the partner program since its launch in 2003, according to Paychex.

Paychex provides 401(k) recordkeeping services for more than 32,000 clients nationwide, representing over $4.8 billion in assets.

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