Your employees’ financial futures are at risk if they are not saving for retirement, and 401k plans are one of the most effective ways to help them save.
ATTRACT TOP TALENT
Statistics show that 401k plans have become the primary source of retirement savings for U.S. workers and help companies compete for top talent.
A 401k plan is a critical part of an employer’s overall benefits program and minimizes the chance that employees seek jobs with better benefits.
HELP OWNERS AND EMPLOYEES SAVE
401k plans allow owners and employees to elect pre-tax or Roth salary deferrals, and create a disciplined, tax-favored approach to savings—both are available options.
REDUCE INCOME TAXES
401k plans reduce income taxes for employees and the company. Employer contributions are tax deductible and employees elect pre-tax or Roth tax treatment – each providing special tax benefits.
We Do It For You
Unlike most providers, we take the lead and do most of the work for you. Our 3(16) fiduciary services include comprehensive plan management to reduce your workload and minimize complexity. Click for details.
1The employer signs and adopts the initial plan. JULY will sign subsequent amendments as needed or required.
2JULY has integration with many national payroll providers to streamline processing. Employers can elect to submit payroll and contribution data via our website.
A Winning Combination
Support from your local investment advisor and
JULY’s dedicated, certified 401k specialists.
Launch401k offers two pre-configured plan design options to streamline setup and plan operation. Each option has been configured with thoughtful design features.
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The Basic Plan is for employers wishing to keep fees to a minimum and desire flexibility in funding employer contributions.
Non-Safe Harbor 401k Design1
5% Automatic Enrollment
Discretionary Employer Matching
Discretionary Profit Sharing
6 Year Vesting on Employer Contributions
The Enhanced Plan is for employers seeking to fund larger contributions to owners and employees.
Safe Harbor 401(k) Design
5% Automatic Enrollment
Add 1% Auto Deferral Increase (up to 8%)
Required Employer Contributions2
Custom Profit Sharing Contributions
1 Contributions of owners and highly-compensated employees may be limited if the plan has low participation. The Enhanced Plan eliminates this issue.
2 Choose either: (1) A matching contribution of 100% of employee contributions up to 3% plus 50% on the next 2%, (2) match of 100% up to the first 4%, or (3) a 3% non-elective contribution to eligible employees.
Simple, Intuitive, Easy.
Managing your 401k has never been easier
Launch401k includes ePayroll – integration between JULY and common payroll providers.
1Available for Paychex Flex. May not be available for other Paychex payroll solutions.
Selecting the investments offered is an important fiduciary role that requires employers to act as experts. To help you with this responsibility, Launch401k includes professional services from eFiduciary Advisors.