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Managing Your Plan to Minimize Top-Heavy Issues
January 10, 2017

Happy New Year! To start the year off right, we would like to share insights on how you can help your business-owner clients minimize pains associated with top-heavy issues. Because top-heavy required employer contributions to 401(k) plans can create budget challenges and may be a thorn in the side of some business owners, this article discusses creative ways to alleviate related frustrations, satisfy existing clients and gain new relationships along the way.

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Web Access

If your plan is on the JULY Retirement Platform, you have access to a full-featured plan website and a mobile website where you can plan your retirement and manage your account.  With the JULY website you can perform the following functions:

  • Join the Plan – If your company permits online enrollment, you can enroll online.
  • Choose Investments – You can choose how your funds are invested from a menu of investment choices selected by your plan's advisor.
  • Check Your Balance – You can view your account balance at any time. Balances are updated daily.
  • Make Changes – You can make changes to your account, including changes to your personal information and how your funds are invested.
  • Request a Loan – If your plan allows you to borrow from you retirement account, the plan website will tell you how much you can borrow and will allow you to request the loan online.
  • Perform Investment Research – The plan website has detailed information on each investment offering to make it easier for you to choose the investments that are right for your plan.
  • Plan for Retirement – The online retirement calculator allows you to project the amount you should save to meet your retirement goals and will help you stay on track.
  • See Historical Transactions – You can retrieve and export historical transactions, including transaction type, date, and amount.

 Mobile Website

You can also access your account via a mobile version of the website. With the mobile Web, you can currently check details of your account balance and see historical information about your account.

 

 

 

 

View All FAQ

1. Website - What is available on the plan’s website?

Your plan’s website provides detailed information about your account and allows you to make changes. You can get information about your balance, investment options, see past transactions, and see copies of your participant statements. You can also make changes to your account, including transferring money between investments and choosing how future contributions are invested.

Learn more 2. Website – How do I access my plan’s website?

Most retirement platforms provide you a website where you can manage your retirement account.  If your account is on the JULY Retirement Platform go to:

If your retirement plan is on a non-JULY platform such as John Hancock, The Hartford, American Funds, or another provider, contact your Human Resources Department for information on accessing your account.

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