Frequently Asked Questions

Frequently Asked QuestionsFrequently Asked Questions

Frequently Asked Questions

Below is a list of Frequently Asked Questions about Launch401k.

 
  • Plan Size – Up to 100 eligible employees.
  • Plan Design – Must be willing to utilize the plan design and plan features shown on this website.
  • Payroll – The company must use a payroll provider with electronic integration to JULY or be willing to submit comprehensive payroll.
  • ACH – Fund contributions via ACH pull.
  • Online Setup – Complete the online setup forms and e-sign service agreements.
  • Online Features – Utilize and promote online plan features such as online enrollment, distributions, and loans.
  • No Outside Assets – All assets must be held in investments approved by the plan’s 3(38) fiduciary. Investments not approved by the fiduciary do not quality for Launch401k. Non approved investments include: brokerage accounts, employer stock, and annuities.
  • Takeover Plans – Certain takeover plans with protected and complex features are not allowed. This includes plans with joint and survivor annuity provisions and assets that cannot be converted to the investment options in Launch401k.
  • Single Payroll Contact – Must have a single payroll contact responsible for payroll communication.
  • No Controlled Groups – Companies that are part of a Controlled Group or Affiliated Service Group are not eligible for Launch401k. Companies that are part of a Controlled Group or Affiliated Service Group, can inquire about Liberty401k or Freedom401k, our solutions for companies needing customized features.