Products November 25, 2013

Paychex Adds ModelxChange Portfolios to Platform

November 25, 2013 (PLANSPONSOR.com) - Paychex Inc. added Mid Atlantic Trust Company’s ModelxChange Web-based model portfolios to its recordkeeping platform.
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ModelxChange lets financial advisers choose from a suite of preselected portfolios from various money management firms and is meant to simplify coordinating with recordkeepers to efficiently manage an investment model.

According to a dual release from the firms, the addition of the ModelxChange portfolio to the Paychex platform will give clients a simplified model that is easy to use but still allows sophisticated investment management.

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For more information about Paychex retirement services and the ModelxChange portfolios, visit http://www.paychex.com/advisors/.
Benefits November 25, 2013

Coworkers Spend Thanksgiving Together

November 25, 2013 (PLANSPONSOR.com) – Coworkers are ever present, even during the holidays.
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A new survey by CareerBuilder finds that an average of nearly one in five (19%) employees say they plan to celebrate Thanksgiving with coworkers either in or out of the office.

These figures vary due to several variables. For example, in cities with large economies, Atlanta came in first, with 35%. Next comes Dallas (30%); San Francisco (23%); Phoenix (22%); Washington, D.C. (20%); Los Angeles (16%); New York (16%); Philadelphia (11%); Chicago (8%); and finishing with Boston (6%).

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In terms of industry, transportation and utilities rated highest (28%), followed by retail (25%), finance (23%), health care (23%), IT (23%), and leisure and hospitality (21%).

When it comes to age, those 18 to 24 topped the list (21%), followed by those 25 to 34 (at 17%), those 35 to 44 (at 22%), those 45 to 54 (at 18%) and those 55 and older (at 16%).

When broken down by diverse groups, the survey finds that an average of 32% of African American employees will spend Thanksgiving with a coworker, followed by LGBT employees (25%), disabled employees (22%), Asian employees (19%) and Hispanic employees (18%).

However, the survey also finds that an average of 14% of employees say they will have to work on Thanksgiving. Again, this figure varies by industry, with the list topped by employees in leisure and hospitality (36%), followed by retail (29%), health care (23%), and transportation and utilities (21%).

This survey was conducted within the United States by Harris Interactive on behalf of CareerBuilder. Performed online, the survey reached 3,484 U.S. workers (employed full-time, not self-employed and nongovernment) between August 13 and September 6.

CareerBuilder is a provider of labor market intelligence, talent management software and other recruitment solutions.

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