July Business Services

Firm Profile

July Business Services (JULY) is a retirement and payroll services company that partners with financial advisors and third party administrators nationwide to design and implement successful retirement plan strategies for their clients.

JULY derives its strength from decades of hands-on experience and from our customer-first approach to helping clients meet their goals. Since 1994 we’ve built long-lasting business relationships through our guiding principles: uncompromising excellence, servant’s heart and collaborative spirit.

Plan Types: 401(k), Safe Harbor 401(k), SOLO 401(k), New Comparability, Defined Benefit, Cash Balance and 403(b).

Core Services: Recordkeeping, Participant Services, Plan Administration, ERISA Consulting, and Payroll Processing.

PRIMARY MARKETS SERVED
• Micro – (< $1 million) • Small - ($1 million - $10 million) JULY predominately services clients $20 million and under. NO. OF PLANS SERVED BY TYPE
As of 06/30/16
401(k): 1,198
403(B): 22
457: 8
NQDC: 3
Defined benefit: 77
Cash Balance: 135
Other: 4

NO. OF PARTICIPANTS SERVED BY TYPE
As of 06/30/16
401(k): 26,116
403(b): 1,464
457: 1,437
NQDC: 21
Defined benefit: 753
Cash Balance: 1,331
Other: 100

ASSET ALLOCATION FUNDS
JULY is an open investment architecture platform. We have developed relationships with the following custodians: Mid Atlantic Trust Company, Matrix Trust Company, Pershing, Charles Schwab Trust Company, and TD Ameritrade Trust Company. All asset allocation funds offered through our custodial partners are available.

PLANS BY CHANNEL
Direct sold: 0
Advisor sold: 1,447

PLATFORM(S) USED
JULY provides recordkeeping and/or third party administration services. We offer bundled and unbundled (using an outside TPA) service models.

Custodial Partners: Mid Atlantic Trust Company, Matrix Trust Company, Pershing, Charles Schwab Trust Company, and TD Ameritrade Trust Company.

ADVISOR SUPPORT SERVICES
Number of external wholesalers focused on advisors: 6
Number of internal wholesalers focused on advisors: 2
Number of Internal Wholesalers Focused on Advisers: 3

• Compliance Support
• Plan Benchmarking
• Training for DC Plan Sales/Service

PARTICIPANT SUPPORT SERVICES
• Retirement Income Estimates/Projections
• Rollover Services
• Call Center Support
• Facebook Page
• Smartphone Access to Participant Balances
• Smartphone transaction access for participants

PLAN SPONSOR SUPPORT SERVICES
Plan Sponsor Services: Dedicated Client Service Manager, Plan Sponsor Website, Standard Reports, Ad Hoc Reports, Plan Sponsor Portal/File Cabinet, education, and a consultative approach to servicing and plan design.

Business Metrics

  • Number of external wholesalers: 9
  • DC Plans UM: 2,600+
  • Retirement Plans UM: 2,800+
  • DC Participants UM: 88,000+
  • Retirement Participants UM: 92,000+
  • DC AUM: $2.4 billion
  • Retirement AUM: $2.5 billion
  • Total AUM: $2.7 billion

Asset Allocation Funds:

    • TDF: Outside - open investment architecture 
    • TD Risk: Outside - open investment architecture 
    • Custom Glide Path: Yes - open investment architecture 
    • Service Models: Bundled, Unbundled
    • Distribution Models: Advisors

    Primary Market(s) Served

    •     Micro (<$1 Million) Yes
    •     Small ($1-10 Million) Yes
    •     Mid ($10-100 Million) No
    •     Large ($100-250 Million) No
    •     Mega ($250 Million+) No

    Plan Types Offered

    • DC: Yes
    • DB: Yes
    • Non-ERISA 403(b): Yes
    • 457: Yes
    • Taft-Hartley: No
    • Non-Qualified: Yes
    • IRA: Yes

    Fiduciary Services Offered

    • 3(21): Yes - via strategic partnerships
    • 3(38): Yes - via strategic partnerships
    • 3(16): Yes - via strategic partnerships