pfs.julyservices.comPFS July Services 401k | Supporting Primerica Financial Professionals

JULY Main Site Services Technology Plan Investments Resources/Webinars Services Technology Plan Investments Resources/Webinars Supporting Primerica Financial Professionals in growing your retirement plan practice. Contact Us SECURE Act tax credits can help cover new plan costs. See how much. Available retirement plan types with JULY include: Owner Only Companies SOLOK For your clients with one or multiple owner companies without employees. Quarterly fees starting at: $115 plan fee + 3.75 bps ✔ Larger Contributions than SEPs or SIMPLEs ✔ Roth and Pre-Tax Options ✔ Access Funds via Tax-Free Plan Loans ✔ Add a Cash Balance Plan ✔ Includes 3(38) Fiduciary Services Learn More Up to 250 Employees LAUNCH PEP A 401(k) that will support your clients as they grow. Quarterly fees starting at: $360 plan fee + 3.25 bps + $18 per participant ✔ Integrated with Your Payroll ✔ Safe Harbor and Non-Safe Harbor ✔ Choice of Eligibility Options ✔ Automatic Enrollment Options ✔ Includes 3(16) and 3(38) Fiduciary Services Learn More Up to 250 Employees CUSTOM For your clients wanting a more unique and tailored plan. Quarterly fees starting at: $625 plan fee + 3.25 bps + $24 per participant ✔ Integrated with Your Payroll ✔ Custom Plan Design ✔ Includes 3(38) Fiduciary Services ✔ Add a Cash Balance Plan ✔ Includes 3(16) Fiduciary Services Learn More Up to 250 Employees CASH BALANCE For your clients seeking to fund larger contributions than allowed in a 401(k). Quarterly fees starting at: $1,075 plan fee + 3.25 bps + $21 per participant ✔ Maximize Contributions to Owners and HCEs ✔ Minimize Contributions to Employees ✔ Accelerate Retirement Savings ✔ Maximize Tax Deductions ✔ Includes 3(38) Fiduciary Services Learn More Why Choose JULY? Choose JULY for: Independent, expert knowledge Unparalleled sales support Exceptional client service Proprietary technology solutions Participant education 3(38) fiduciary protection 3(16) administrative fiduciary services Extensive ERISA consulting services Full service payroll processing and payroll integration Working with JULY: PFS Brochure: https://www.julyservices.com/pdfs/PFS_JULY_22.pdf Email: [email protected] Phone: 888.425.4989 Get the Details on Our Plans Number of Employees New or Converting Plans Plan Type PLAN DESIGN FEATURES Safe Harbor Design ? Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation. Automatic Enrollment ? Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time. 60 Day Eligibility ? Employees join the plan on the first day of the month 60 days after their hire date. Customize Your Plan Design ? You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan. Integration with Your Payroll Provider ? JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the ’How it Works’ section of the website for details. Plan Amendments / Restatements ? You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee. Notice Delivery Service ? With our Notice Delivery service, we provide required notices to your participants via our Electronic Notice Delivery technology. Participants can opt out of electronic delivery at any time. Non-Safe Harbor Option ? Non-Safe Harbor 401ks generally do not require employer contributions, but owners and highly-paid employees may be limited in how much they can defer into the plan. Expanded Eligibility Options ? Choose an eligibility feature other than 60 days, including requiring a 1 year wait and 1,000 hours of service. New Comparability Profit Sharing ? Our Advanced and Custom solutions allow you to add a New Comparability Profit Sharing – a type of employer contribution that can be targeted to owners or key employees. Add a Cash Balance Plan ? With Custom, you can add a Cash Balance Plan alongside your 401k to turbo-charge contributions . Customize Your Investment Lineup ? With the help of your advisor, you can create a custom investment lineup for your plan – choosing from thousands of Mutual Funds, Exchange Traded Funds, Target Date Funds, Risk Based Models, Separately Managed Accounts, and other types of investments. FIDUCIARY AND PLAN SERVICES JULY Serves as Named Fiduciary ? In Launch, JULY serves as a named fiduciary – the party legally responsible for operating the plan. This relieves the employer of a certain amount of fiduciary responsibility and liability. JULY 3(16) Administrative Fiduciary ? In Custom, JULY normally serves as the 3(16) Administrative Fiduciary, responsible for carrying out many of the administrative duties of the plan. This relieves the employer of certain fiduciaries responsibilities and liability and also reduces workload. Integrated 3(38) Investment Fiduciary ? In Launch, Expand Financial, a JULY affiliate, generally serves as the plan’s 3(38) Investment Fiduciary and is responsible for selecting and managing the plan’s investment menu. PRICING AND FEES Quarterly Flat Fee + Participant Fee ? This fee is displayed as a monthly amount, but it is invoiced quarterly in arrears. If the plan has assets of more than $250,000 fees can be paid from plan assets. Otherwise fees are invoiced to, and paid by, the employer. Annual Plan Service Fee ? This fee is displayed as an annual fee and is automatically deducted quarterly in arrears from plan assets. The Annual Plan Service Fee consists of (1) a recordkeeping services fee of .05% payable to JULY, and (2) an investment fiduciary services fee of .07% payable to Expand Financial. JULY pays other services providers, including the custodian, out of the Annual Plan Service fee. Average Expense Ratio of Core Funds ? This represents the average expense ratio of the investments in the plan’s core investment menu. Each plan can choose managed investment options (risk-based portfolios, target date investments, or professionally managed portfolios) to complement the plan’s core investment lineup. The expense ratio of the optional managed investments is not included in this average. The actual average expense ratio of an individual investor will vary based on the specific makeup of their portfolio. Launch START Up to 250 New Plans Only PEP 401k $360 + $18 0.13% 0.24% Number of Employees New or Converting Plans Plan Type PLAN DESIGN FEATURES Safe Harbor Design ? Safe Harbor 401(k) Plans reduce complexity and maximize owner and highly compensated employee contributions. They eliminate refunds to owners and highly paid employees and require an employer contribution – generally equal to 4% of employee compensation. Automatic Enrollment ? Employees are automatically enrolled in the eligibility period with a 6% salary deferral. They can opt out at any time. 60 Day Eligibility ? Employees join the plan on the first day of the month 60 days after their hire date. Customize Your Plan Design ? You can customize elements of your plan design to meet your needs, including eligibility, contributions, distributions and loans, and other plan features. The Custom Option gives you the most flexibility in tailoring your plan. Integration with Your Payroll Provider ? JULY offers integration with a growing number of payroll providers to streamline the 401k data exchange and make the plan run more smoothly. See the ’How it Works’ section of the website for details. Plan Amendments / Restatements ? You can amend your plan at any time and JULY will handle required plan restatements (generally every 6 years) – both at no additional fee. Notice Delivery Service ? With our...