JULY Announces PremierPath401k – an Innovative Retirement Plan Solution for Small Businesses

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PremierPath401k leverages capabilities of Envestnet and BNY Mellon’s Pershing

July Business Services (JULY) has released a new streamlined retirement plan solution called PremierPath401k. The solution, custodied by BNY Mellon’s Pershing (“Pershing”) Retirement Plan Network, includes a dynamic 3(38) investment lineup managed by Envestnet Retirement Solutions with integration into the Envestnet platform, allowing for advanced research, integrated analytics, and expert advisory support.

PremierPath401k leverages Pershing’s Retirement Plan Network, which is a trust-level platform designed to hold and service assets of qualified retirement plans.

PremierPath401k includes plan design options best suited for small businesses, payroll integration, and 3(16) and 3(38) fiduciary services.

With Envestnet Retirement Solutions serving as the 3(38) investment fiduciary, advisors and plan sponsors are provided with comprehensive quarterly reports, and a diverse, low-cost fund lineup. Complete plan level data integration ensures streamlined access to Envestnet’s advisor tools and resources.

According to a new state-by-state analysis published by the American Retirement Association (ARA), more than five million employers in the United States still don’t offer a workplace retirement savings benefit, a generation after the 401(k) plan design was first introduced.* PremierPath401k provides advisors and their clients a simple, easy-to-understand retirement program, taking much of the heavy lifting off plan sponsors.

“Building tech-enabled retirement solutions with institutional partners like Pershing and Envestnet gives advisors access to robust platforms and reporting. We strive to offer innovative solutions to help advisors grow their retirement plan practices while making retirement plans easier to set up and manage for small businesses and their employees,” said John Humphrey, JULY’s CEO.

“Advisors are increasingly recognizing the growth opportunities presented by offering small business 401(k) plans,” said Hans Schemmel, director of retirement, insurance-based and cash management solutions at Pershing. “We are thrilled to have worked with JULY and Envestnet in bringing this packaged solution to our respective clients. This and other similar efforts we have underway underscore our commitment to delivering advisors best-in-class solutions that help drive their retirement business forward.”

“Envestnet’s vision is to build a fully integrated unified advice platform to empower financial advisors to help their clients achieve their goals,” said Khash Sarrafi, Senior Vice President of Institutional Sales for Envestnet Retirement Solutions. “We continue to seek innovative solutions that help advisors, and we believe providing a simple solution backed by strong key partnerships and proven methodology will deliver on our mission.”

To learn more about PremierPath401k please visit https://premierpath401k.com.

  • Business Wire, July 23, 2019

About JULY:
JULY is a leading retirement plan provider that supports financial advisors and their clients by delivering successful retirement plan strategies through its fully independent, open-architecture retirement plan recordkeeping platform and plan administration services. JULY brings unbiased, expert knowledge to all facets of the retirement plan process including customized plan design, leading technology, and hands-on implementation and management of the plan.

Our team understands that retirement is the number one reason for individual investing, and for many investors, company-sponsored savings and investment plans are the foundation of their retirement savings strategies. Our role in assisting organizations to offer employee retirement plans is fundamental to our mission - “Building Retirement Security”. Please visit http://www.julyservices.com for more information.

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Leslie Smith
July Business Services
+1 254-296-4015 Ext: 147
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Blake Willis
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