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RL Worth & Associates LTD Honored by PLANSPONSOR   

 

Longstanding JULY client RL Worth & Associates LTD was recently recognized by PLANSPONSOR for their top-notch 401(k) plan.

JULY is pleased to congratulate RL Worth & Associates LTD for their recent recognition as “2016 Plan Sponsor of the Year” by PLANSPONSOR. JULY provides Recordkeeping and Plan Administration services for the RL Worth & Associates LTD 401(k) Plan. Each year PLANSPONSOR, a leading national organization providing a wealth of resources for retirement benefits decision makers, recognizes the most effective and innovative retirement plans throughout the nation. Winners are announced at a celebratory gala in the heart of New York City.

Blake Willis, Chief Consulting Officer for JULY commented on RL Worth & Associates’ recognition by PLANSPONSOR: “We are very happy for our longstanding client to receive such prestigious recognition. Their genuine commitment to their employees’ retirement is inspiring. We are grateful to play an important role in supporting their retirement plan needs.”

Teresa James, Controller for RL Worth & Associates LTD, says of the recognition, “I am honored to have received this award on behalf of our participants and our business partners – JULY and Cross Financial. JULY has gone above and beyond in terms of service to meet our 401(k) and payroll needs. JULY continues to provide the 1:1 service that we were looking for when we moved our plan to them eight years ago. JULY loves to think outside the box with me; they helped us manage a “friendly” IRS 401k audit and are always creative in helping us find ways to address unique participant needs as they arise. Together we have an incredible plan.”

Headquartered in San Antonio, Texas, RL Worth & Associates LTD is a commercial real estate agency that embraces their employees as family. As a commitment to their employees, about a year ago they began an extensive evaluation of their 401(k) plan to help ensure retirement readiness for their family of employees. After hiring Dan Clark with Cross Financial Services as the plan’s 3(21) fiduciary advisor, they were poised to make additional changes to better their plan. Under Clark’s guidance, a newly-formed plan investment committee approved a variety of changes to make a good plan even better. Changes included:

Headquartered in San Antonio, Texas, RL Worth & Associates LTD is a commercial real estate agency that embraces their employees as family. As a commitment to their employees, about a year ago they began an extensive evaluation of their 401(k) plan to help ensure retirement readiness for their family of employees. After hiring Dan Clark with Cross Financial Services as the plan’s 3(21) fiduciary advisor, they were poised to make additional changes to better their plan. Under Clark’s guidance, a newly-formed plan investment committee approved a variety of changes to make a good plan even better. Changes included:

  • Additional 3(21) fiduciary oversight
  • Creation of investment committee and formal investment policy statement
  • Simplified investment lineup
  • Significantly lower investment management fees
  • Onsite, quarterly 1:1 employee consultations with financial advisor (paid for by the Plan Sponsor)
  • Implementation of “Riskalyze” a risk-alignment tool recommended by Cross Financial Services
Blake Willis

Pictured: Blake Willis, Chief Consulting Officer for JULY and Teresa James, Controller for RL Worth & Associates LTD at the PLAN SPONSOR Awards Dinner in New York City.

Today RL Worth & Associates LTD 401(k) Plan boasts a 96.67% participation rate, 7.22% average deferral rate, diversified default target date investment options and a generous 5% company match. They continue to improve their plan and continue to encourage each of their 30 employees to meet with a financial advisor annually.

 

About JULY

July Business Services is a leading retirement plan provider that helps financial advisors and third party administrators deliver successful retirement plan strategies through its fully independent, open-architecture retirement plan platform. 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. JULY supports clients with an expansive, conflict-free investment platform, including ETFs, collective trusts, professionally managed portfolios, and mutual funds.