In this issue:

Webinar: Benchmarking Your Advisory Practice
Announcing Expanded Business Hours
New & Improved Fund Fact Sheets Now Available
Video: The CARES Act & Your Retirement Plan
Important Compliance Deadlines

Webinar: Benchmarking Your Advisory Practice

Join JULY and our guest, Matt Burt with Fi360, on June 4th at 3:10 pm CT for a 50-minute webinar exploring retirement advisory business trends and best practices. In this session we will cover the areas of marketing, sales, client management and talent management.

Announcing Expanded Business Hours

Effective May 1, we have extended our normal business hours to provide you with more flexibility in accessing plan support. You can reach your CSM or another member of our team between the hours of 7:00am and 5:30pm CT.

New & Improved Fund Fact Sheets Now Available

In an effort to simplify and improve the process of researching retirement plan investments for participants, we are pleased to announce new and improved online fund fact sheets. Information on a fund's risk profile, objective, strategy, performance and more are available in a streamlined, easy-to-read format (managed portfolios not included).

Review Sample Fund Fact Sheet

The CARES Act & Your Retirement Plan

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes provisions that may apply to retirement plans. The key highlights of this act are that it expands and relaxes rules on both withdrawals and participant loans, and it defers mandatory distributions for participants of 401(k) and most other defined contribution plans or IRAs. To learn more about the CARES Act, please click the video link above.

Important Compliance Deadlines

Here are some important dates that will affect many calendar-year retirement plans over the coming months.

June 30 – Final deadline to provide information and answer questions so year-end work can be completed without needing an extension.
July 15 (moved for 2020 in response to COVID-19) – Deadline for Sole Proprietors and C-Corps not requesting a tax extension to fund contributions and receive tax deductions on the Sole Proprietors or C-Corp's prior year tax return. (Form 1040 or Form 1120)
July 31 – Deadline for the Employer to electronically sign the Form 5500 with the Department of Labor. Failure to sign the Form 5500 can result in penalties of up to $1,100 per day.
July 31 – Deadline to file the Form 5558, which extends the Form 5500 filing due date to October 15.
July 31 – Deadline to file the Form 5330 which is required when the plan must pay excise taxes generally associated with late deferrals.

Access Comprehensive Calendar

At JULY, our goal is to provide you excellent, personalized support to help you and your clients reach your goals. Call us any time at 888.333.5859 to discuss how we can be of assistance. We’re here to help.

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Waco, TX 76701 | United States

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