Clear Pricing

We deliver great retirement plans with clear pricing that’s easy to understand and easy to choose.

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SOLOK

Owner Only Companies

For one or multiple owner companies without employees.

Starting at

$30

monthly plan fee

+

$30

per add’l owner

N

Larger Contributions than SEPs or SIMPLEs ? Fund up to $64,500 ($58,000 if less than age 50) which is higher than SEPs and SIMPLEs.

N

Roth and Pre-Tax Options ? Contributions can be funded on a pre-tax basis or as Roth contributions for tax free withdrawals at retirement.

N

Access Funds via Tax-Free Plan Loans ?Borrow 50% of your balance (up to $50,000) tax free if repaid according to IRS regulations.

N

Flexible Investment Options ?Work with your advisor to establish mutual funds, ETFs, or invest in a brokerage account for more options.

N

Add a Cash Balance Plan ?If you want to contribution more than $64,500 in a tax-deferred account, you can add a Cash Balance Plan and contribute more than $250,000.

Launch

Up to 250 Employees

A 401k that will support you as you grow.
 

Starting at

$120

monthly plan fee

+

$6

per participant

N

Integrated with Your Payroll ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the ‘How it Works’ section of the website for details.

N

Safe Harbor and Non-Safe Harbor ?Safe Harbor Plans allow owners and highly paid employees to maximize their own salary deferrals, but unlike Non-Safe Harbor Plans, they require employers to make contributions of up to 4% of employee’s pay.

N

Choice of Eligibility Options ?With our standard eligibility, employees can join the plan on the first day of the month 60 days after hire date. With our Flex and Advanced options, you can require 1 year of employment and 1,000 hours of service.

N

Automatic Enrollment Options ?With our Launch solution, employees are automatically enrolled with a 6% deferral which automatically increases 1% at the beginning of each year. Employee’s can opt out at any time.

N

Plan and Investment Fiduciary ?Launch 401k is a Pooled Employer Plan and JULY serves as the plan fiduciary – the Pooled Plan Provider – responsible for managing most of the plan functions. The plan also includes an investment fiduciary to select and manage the plan’s investments.

Custom

Up to 250 Employees

For companies and their advisors wanting a tailored plan.

Starting at

$200

monthly plan fee

+

$8

per participant

N

Integrated with Your Payroll ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the ‘How it Works’ section of the website for details.

N

Custom Plan Design ?We work with you to customize every feature of your plan, including eligibility, contributions, distributions and loans, and other important features.

N

Open Investment Menu ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.

N
Plan Fiduciary Options ?With Custom, JULY serves as the 3(16) Administrative Fiduciary handling the plan’s administrative processes and your advisor will appoint a 3(38) Investment Fiduciary to select and monitor the plan’s investments.
N

Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.

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Low
Investment
Expenses1

For Launch your employees pay these fees from plan assets.

0.12%2

Annual Plan Service Fee

0.17%3

Average Expense Ratio of Core Funds

Your investment advisor will charge a fee to assist with enrolling and educating plan participants.

1 Pricing shown is Launch. Fees will be different for SOLO and Custom based on the investment options chosen. Per the 2019 401k Averages Book, participants paid an average asset-based fee for investment related expenses of 1.89%.
2 Includes custodial fees, trustee fees, and 3(38) investment management services. Investment fiduciary services provided by Expand Financial, a registered investment advisory company.
3 Represents the average expense ratio of the core investment lineup for the Launch product only where Expand Financial is 3(38) Investment Fiduciary.

Get the Details on Our Plans

Checkmark  Included

Checkmark  Optional
Launch
Start
Number of Employees
Up to 250
New or Converting Plans
New Plans Only
Plan Type
PEP 401k
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$120 + $6
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.12%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
0.17%
Are You Ready?
Launch
Flex
Number of Employees
Up to 250
New or Converting Plans
New or Conversion
Plan Type
PEP 401k
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$150 + $6
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.12%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
0.17%
Are You Ready?
Launch
Advanced
Number of Employees
Up to 250
New or Converting Plans
New or Conversion
Plan Type
PEP 401k
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$200 + $6
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.12%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
0.17%
Are You Ready?
Custom
Flex
Number of Employees
Up to 250
New or Converting Plans
New or Conversion
Plan Type
401k, 403b
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$200 + $8
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.05%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
TBD
Are You Ready?
Custom
Advanced
Number of Employees
Up to 250
New or Converting Plans
New or Conversion
Plan Type
401k, 403b
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$250 + $8
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.05%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
TBD
Are You Ready?
Custom
Combo
Number of Employees
Up to 250
New or Converting Plans
New or Conversion
Plan Type
+ Cash Balance
PLAN DESIGN FEATURES
Safe Harbor Design ?Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation.
Automatic Enrollment ?Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time.
60 Day Eligibility ?Employees join the plan on the first day of the month 60 days after their hire date.
Customize Your Plan Design ?You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan.
Integration with Your Payroll Provider ?JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the 'How it Works' section of the website for details.
Plan Amendments / Restatements ?You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee.
Notice Delivery Service ?With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time.
Non-Safe Harbor Option ?Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan.
Expanded Eligibility Options ?Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service.
New Comparability Profit Sharing ?Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees.
Add a Cash Balance Plan ?With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions.
Customize Your Investment Lineup ?With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments.
FIDUCIARY AND PLAN SERVICES
JULY Serves as Named Fiduciary ?In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability.
JULY 3(16) Administrative Fiduciary ?In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload.
Integrated 3(38) Investment Fiduciary ?In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu.
Outside 3(38) Investment Fiduciary ?With Custom your advisor will serve as or appoint a 3(38) Investment Fiduciary for the plan.
PRICING AND FEES - See Details
Monthly Flat Fee + Participant Fee ?This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer.
$600 + $15
Annual Plan Service Fee ?This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee.
0.05%
Average Expense Ratio of Core Funds ?This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio.
TBD
Are You Ready?