Waco, TX (PRWEB) August 29, 2012
JULY Business Services, a leading retirement and payroll services organization, announces that CEFEX, Centre for Fiduciary Excellence, LLC, has certified JULY as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. JULY is among the first firms in the United States to successfully complete the independent certification process for service providers.
According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “The CEFEX certification provides assurance to fiduciaries and their stakeholders that JULY has demonstrated adherence to the best practices in the recordkeeping and administration industry. The successful completion of the independent assessment is an extraordinary indication of a firm’s accountability to its clients.”
Jim Hudson, President and CEO of JULY states, “This significant certification from CEFEX is reflective of our long standing philosophy of setting our standards high and building an organization founded on honesty, loyalty, and integrity. This approach delivers value to our clients and partners and helps foster long term relationships.”
The ASPPA Standard of Practice describes how a record keeper of any size or type can help employers fulfill their fiduciary obligations. CEFEX uses 2 classifications:
1. Recordkeeping Services, and
2. Administration Services (i.e. third party administration).
The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. JULY is among the few organizations in the country that has earned both certifications.
July is registered at the CEFEX.org website. View JULY’s CEFEX certificates at the following URLs:
1. Recordkeeping - http://www.cefex.org/registrationDetails.aspx?reg=10177
2. Administration - http://www.cefex.org/registrationDetails.aspx?reg=10181
About JULY Business Services:
July Business Services is a retirement plan and payroll services company that partners with financial advisors and employers in designing and implementing successful retirement plan strategies. We bring our independent expert knowledge to all facets of the strategy from customized plan design to implementing and managing successful solutions for our clients. http://www.JulyServices.com
The Centre for Fiduciary Excellence, LLC. is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX has offices in Pittsburgh, Pennsylvania and Toronto, Canada.