Press Release

July Business Services is First to Earn a CEFEX Certification for Operational Fiduciaries in Pooled Plans

Issued by JULY Business Services

Oct. 24, 2023

July Business Services (“JULY”) has received the first certification as a Pooled Plan Service Provider issued by the Centre for Fiduciary Excellence (“CEFEX”) from Broadridge.

JULY was evaluated for the readiness of its infrastructure to support compliance with substantially all operational requirements under ERISA and the Internal Revenue Code.

The CEFEX Pooled Plan certification program was launched earlier this year by Broadridge Retirement and Workplace, in partnership with Group Plan Systems, LLC, (“GPS”) a company specializing in operational fiduciary due diligence oversight for group plans, including Pooled Employer Plans (“PEPs”).

“We’re proud to be the first organization to earn its CEFEX certification as a Pooled Plan Service Professional” said John Humphrey, CEO of JULY. He continued, “We launched our first PEP in 2021 to support industry partners and value the message this certification sends to the market.”

Pete Swisher, Managing Partner of GPS, led the assessment required to certify JULY. “Our entire team at GPS acknowledges JULY’s commitment to excellence as a service provider, evident in the people, processes, and technology at the company,” Swisher said. “They take their role as a service provider to PEPs very seriously, and we appreciate the opportunity to collaborate with them in this capacity,” Swisher added.

“JULY has demonstrated commitment to recordkeeping excellence, evidenced by several years of previous CEFEX certification,” said Carlos Panksep, VP of CEFEX. “They have earned the right to use the new CEFEX Mark, which indicates the firm’s established practices are aligned with investors’ and stakeholders’ interests and worthy of trust and confidence.”

• About JULY:

JULY offers a modern suite of retirement plan solutions aimed at putting workplace plans within the reach of millions of small businesses. JULY’s proprietary technology solutions streamline, automate, and simplify all facets of retirement plan setup and operation while its high-touch service model elevates the experience of employers, their employees, and their financial advisors. Today, JULY serves more than 7,500 401(k), cash balance, defined benefit, and other retirement plans across the country and provides expert white label and back-office support for other organizations. Please visit us at www.julyservices.com to learn more.

• About GPS:

Group Plan Systems, LLC (GPS) is an independent fiduciary and consultant specializing in group retirement programs. Our founders—Pete Swisher and Jason Roberts—are two of the best-known subject matter experts on fiduciary law and practice in the United States. We bring a unique blend of skills—sales leadership, distribution strategy, and brand-building as well as top-of-class legal and technical expertise.

• About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 14,000 associates in twenty-one countries. For more information about Broadridge, please visit www.broadridge.com.

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