JULY Introduces JULY IRA to Support Participant Rollovers
The JULY IRA helps participants with their savings goals keeping their monies invested for the future.
Waco, Texas, March 30, 2022 – July Business Services (JULY) announces JULY IRA (JULY IRA), an integrated IRA rollover solution designed specifically for small accounts from retirement plans. The program is powered by IRALOGIX (IRALOGIX), a firm specializing in supporting institutional partners with white label solutions.
“Keeping participant accounts invested is so important to our mission of enriching lives by shaping the future of retirement,” says Michelle LeCates, VP of Institutional Relationships/Products and Marketing. “IRALOGIX is a great partner from inception to production, and together we’ve created a remarkable solution that is easy to understand and offers a great investment lineup.”
JULY IRA is a comprehensive IRA solution with an institutionally priced core fund line-up managed by Expand Financial, LLC (EXPAND), and access to online advice. Retirement plan sponsors seeking to keep costs down will benefit from JULY IRA by eliminating small account balances owned by terminated participants.
JULY and IRALOGIX have built an automated solution to exchange data and setup new accounts continuously throughout the year. Participants receive easy to understand communications and have access to a new website for more details.
“IRALOGIX was designed to help recordkeepers run their businesses more efficiently by providing smaller balance accounts an institutional IRA solution, as they leave the employer’s plan,” says Pete Littlejohn, Chief Revenue Officer, at IRALOGIX. “We are certainly pleased to be working with JULY as they are one of the top retirement providers in the industry. JULY’s reputation for building strong relationships throughout the retirement industry by delivering high levels of service and embracing innovation makes this a perfect fit between our firms. Doing the right thing by helping everyone achieve their retirement goals, regardless of account sizes, makes our relationship with JULY truly something special.”
About JULY:
JULY is a 401(k) services company specializing in hi-touch, tech-enabled retirement plan services. Our employees have served as plan experts to advisory firms and employers in the small and micro 401(k) plan market for over 25 years. Over the last decade, our in-house software development team has built a host of proprietary technology solutions to streamline, automate and simplify all facets of retirement planning to make processes rewarding and easy for our clients. For more information about JULY, visit www.julyservices.com.
About EXPAND:
EXPAND is a Registered Investment Advisory Firm that specializes in supporting advisors, broker dealers, recordkeepers, and other financial institutions in their effort to serve the 401(k) plan market. EXPAND’s flexible service model supports all types of advisors and institutions, including those that offer 401(k) as a core part of their business and firms where 401(k) is a secondary part of what they do. Whether serving as a direct plan fiduciary or in a back-office capacity, EXPAND brings expertise and proprietary technology to the 401(k) investment management process. For more information about EXPAND, visit www.expandfinancial.com.
About IRALOGIX:
IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA recordkeeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market. Through IRALOGIX’s proprietary cloud-based technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from several industry leading providers. IRALOGIX can complement your market strategy, streamline your IRA service options, and help you expand your business. For more information, please visit www.iralogix.com.