Waco, TX (July 18, 2024)
Waco, TX (July 18, 2024) – July Business Services, LLC (“JULY”), a leading national provider of 401(k) plan services to small to mid-sized employers, is pleased to announce the successful acquisition of Acuff & Associates (Acuff), a Third Party Administrator (TPA) of Defined Contribution plans and actuarial consulting services based in Brentwood, TN. The Acuff acquisition perfectly aligns with JULY’s strategic growth plan, with a focus on high-touch administration and actuarial services. As with all five of JULY’s other acquisitions since the beginning of 2023, Acuff was chosen for their strong, experienced people, and culture and values that complement JULY. Acuff employees, the majority of whom hold professional designations within the retirement plan space, will be integrating into the JULY team.
“We are thrilled to welcome Acuff to the JULY family,” said John Humphrey, CEO of JULY. “This acquisition is a significant step in our growth strategy, allowing us to provide even more comprehensive services to our clients. Acuff is uniquely poised to strengthen our administration and actuarial services, as they focus solely on these two areas. We have a core belief at JULY that to be a successful long-term provider in the retirement market, we need to excel in three areas – innovation, expertise, and service – and Acuff strengthens us in all three areas. They will especially enhance our team’s expertise in plan administration and actuarial services and help us continue to strengthen our service delivery to clients and advisors.”
“This partnership is a natural fit, as both of our organizations share a dedication to client service and innovation in the retirement plan industry,” commented Trina Gross, Acuff Chairman and CEO. “We are excited about the opportunities this acquisition brings and look forward to being part of JULY’s continued success.”
This marks JULY’s second acquisition in 2024 as the company continues to pursue strategic growth opportunities that align with its culture and tap into valuable talent pools. Following this acquisition, JULY now serves an impressive client base of over 8,500 clients, comprising 215,000 plan participants and $12+ billion in plan assets.
For more information about this acquisition and JULY’s services, please visit www.julyservices.com.
JULY offers a comprehensive suite of modern retirement plan solutions, with a focus on making workplace plans accessible to millions of small businesses. Leveraging proprietary technology solutions, JULY simplifies and automates all aspects of retirement plan setup and operation. Additionally, the company’s high-touch service model ensures a superior experience for employers, employees, and financial advisors. Presently, JULY serves more than 8,500 401(k), cash balance, defined benefit, and other retirement plans across the United States. The company also provides expert white label, co-branded, and back-office support for other organizations. Please visit us at www.julyservices.com to learn more.
