JULY Announces Launch401k – An Innovative Retirement Plan Solution for Small Businesses
Waco, Texas, January 10, 2019 – July Business Services (JULY) has released a new, innovative small business retirement plan solution called Launch401k. With 23% of all private sector, full-time US workers lacking access to a retirement plan1 and many small business owners reluctant to offer a plan due to cost and complexity, JULY leveraged its 25 years of industry experience and its technology and innovation capabilities to bring this solution to the market. Launch401k provides small businesses a cost effective, easy to set up and operate 401k program that comes bundled with built in fiduciary services.
Launch401k includes: two plan design options created specifically for small businesses, 360օ and 180օ payroll integration, fiduciary 3(16) services and a built in 3(38) fiduciary investment lineup managed by Expand Financial. Advisors and their clients can choose from three portfolio manager options, including Dimensional Fund Advisors’ Target Date Series, Stadion’s managed account solution StoryLine, or Tandem Wealth Advisor’s Risk-Based Asset Allocation Portfolios.
“JULY’s culture is centered in service, innovation and technology. Based on frequent conversations with advisors, we wanted to meet a unique and growing need to bring a fully integrated, simple, and affordable retirement plan solution to small business owners and their financial advisors. We want to close the gap and reduce the number of workers without access to a retirement plan. By taking some of the fiduciary burden off the plan sponsor and narrowing down the plan design choices, we think this new solution is smart and impactful.” -John Humphrey, JULY’s CEO.
With the soft release of Launch401k during the fall of 2018, many advisors and plan sponsors have already benefitted from this integrated solution. To learn more about Launch401k, please visit www.launch401k.com.
1 US Bureau of Labor Statistics
The changes listed below are Proposed. ASPPA, and probably others, are already preparing requests for clarifications which should be forthcoming. For now, and for issue awareness, it is good to be aware of changes.
JULY is a leading retirement plan provider that supports financial advisors and their clients by delivering successful retirement plan strategies through its fully independent, open-architecture retirement plan recordkeeping platform and plan administration services. JULY brings unbiased, expert knowledge to all facets of the retirement plan process including customized plan design, leading technology, and hands-on implementation and management of the plan.
Our team understands that retirement is the number one reason for individual investing, and for many investors, company-sponsored savings and investment plans are the foundation of their retirement savings strategies. Our role in assisting organizations to offer employee retirement plans is fundamental to our mission – “Building Retirement Security”. Please visit www.julyservices.com for more information.
JULY’s Director of Marketing and Communications
Phone: 254.296.4015 x3147