July Business Services is a company that specializes in helping owner-only businesses maximize retirement savings through their comprehensive range of retirement plan solutions. They work closely with owners and their advisors or CPAs to design plans that offer greater flexibility and savings potential than traditional SEP or SIMPLE plans. One of their offerings is the SOLOK 401(k) Plan, which allows for contributions of up to $58,000 ($64,500 if over the age of 50) and provides access to funds through tax-free loans and early withdrawal features.

This plan is ideal for those who want to make larger contributions and maximize tax savings. Additionally, July Business Services also provides the option to add a SOLO Cash Balance Plan, which is designed for individuals who want to fund even larger contributions than what is allowed in 401(k) plans, SEPs, and SIMPLEs. Contributions of $150,000 or more are possible with this plan.

With July Business Services, you can expect a seamless experience as they handle all contribution calculations, recordkeeping, compliance, and reporting. They work closely with you and your advisor to ensure your retirement plan aligns with your goals and remains on track for success. Overall, July Business Services is committed to helping individuals and businesses create financial security in retirement.

Start your plan with them today and experience the expertise and dedication of their team