HomeMy WebLinkAboutRFP 21-22-A08 Retirement Plan Fiduciary Consultant Services Fully Executed Contract
CONTRACT BETWEEN
CLAY COUNTY UTILITY AUTHORITY
AND
SAGEVIEW ADVISORY GROUP, INC
THIS AGREEMENT for RETIREMENT PLAN FIDUCIARY CONSULTING SERVICES
(or this “Agreement”) is made and entered between Clay County Utility Authority (“CCUA”), an
independent special district established and created pursuant to Chapter 94-491, Laws of Florida,
by Special Act of 1994, 3176 Old Jennings Road, Middleburg, Florida 32068 and SageView
Advisory Group, Inc., 1645 Palm Beach Lakes, Boulevard, Suite 1200, West Palm Beach, Florida,
33401 (hereinafter referred to as the “CONTRACTOR”).
W I T N E S S E T H:
WHEREAS, CCUA has competitively solicited retirement plan fiduciary consulting services
pursuant to RFP# 2021/2022-A08 (the “Solicitation”); and
WHEREAS, CONTRACTOR has exhibited by its response to the Solicitation that it can provide
the required services; and
WHEREAS, the parties hereto have agreed to the terms and conditions cited herein based on said
solicitation;
NOW, THEREFORE, in consideration of the mutual covenants, terms, and provisions contained
herein, the parties agree as follows:
SECTION 1. TERM
The term of this Agreement shall become effective on August 3, 2022, and continue through
August 2, 2027. The contract may be renewed, subject to written notice of agreement, for one (1)
additional five (5) year period.
SECTION 2. SCOPE OF SERVICES
The Contractor shall provide the “Scope of Services” in Exhibit ‘A,’ which is attached hereto and
incorporated herein.
SECTION 3. ADDITIONAL OBLIGATIONS OF THE CONTRACTOR
Additional obligations of the CONTRACTOR shall include, but not be limited to, the following:
A. The CONTRACTOR shall provide and pay for all intellectual property, labor, tools,
materials, permits, equipment, transportation, IT resources, communication, database
resources, supervision, and any and all other items or services, of any type whatsoever,
which are necessary to fully complete and deliver the Scope of Services requested by
CCUA, and shall not have CCUA to create, or cause to be filed, any claims for labor and/or
materials against CCUA. Such claim, until it is released or adequately bonded or insured
against, shall preclude all of the CONTRACTOR’s claims, or demands for any payment
expected by virtue of this Agreement.
B. The CONTRACTOR will ensure that all its employees, agents, subcontractors,
representatives, volunteers, and the like, fully comply with all the terms and conditions set
herein, when providing services for CCUA in accordance with this Agreement.
C. The CONTRACTOR shall be solely responsible for the means, methods, techniques,
sequences, and procedures necessary to provide the Scope of Services properly and fully
for CCUA under this Agreement.
D. The CONTRACTOR shall maintain an adequate and competent staff and remain
authorized to do business within the State of Florida. The CONTRACTOR may
subcontract the services requested by CCUA, but only with prior written approval from
CCUA; however, the CONTRACTOR is fully responsible for the satisfactory completion
of all subcontracted services.
SECTION 4. STANDARD OF CARE
A. The CONTRACTOR has represented to CCUA that it possesses a level of
knowledge, experience, and expertise that is commensurate with firms in the areas
of practice required for the Scope of Services to be provided to CCUA under this
Agreement. By executing this Agreement, the CONTRACTOR agrees that the
CONTRACTOR will exercise that degree of care, knowledge, skill, and ability as
any other similarly situated contractor possessing the degree of skill, knowledge,
experience, and expertise with respect to the successful and timely completion and
performance of the Scope of Services for CCUA. The CONTRACTOR shall
perform the Scope of Services requested in a professional and efficient manner,
consistent with applicable law, accepted practices, and industry standards.
B. The CONTRACTOR covenants and agrees that it and its employees, agents,
subcontractors, representatives, volunteers, and the like, shall be bound by the same
standards of conduct as stated above.
SECTION 5. COMPENSATION
A.The amount to be paid under this Agreement for acceptable performance of the
Scope of Services described in Exhibit ‘A’ shall not exceed .12% of the total plan
assets not to exceed amount of Thirty Thousand Dollars ($30,000).
B.Compensation for services completed by the CONTRACTOR shall be paid in
accordance with section 218.70, Florida Statutes, Florida’s Local Government
Prompt Payment Act.
C. Services to be performed in accordance with this Agreement are subject to the
annual appropriation of funds by CCUA. In its sole discretion, CCUA reserves the
right to forego use of the CONTRACTOR for any services which may fall within
the Scope of Services listed herein. In the event CCUA is not satisfied with the
services provided by the CONTRACTOR, CCUA will hold any amounts due until
such time as the CONTRACTOR has appropriately addressed the problem.
SECTION 6. TERMINATION FOR CAUSE
If, through any cause, the Contractor shall fail to fulfill in a timely and proper manner its
obligations under this Agreement, or if the Contractor shall violate any of the provisions of this
Agreement, CCUA may upon written notice to the Contractor terminate the right of the Contractor
to proceed under this Agreement, or with such part or parts of the Agreement as to which there has
been a default or failure of performance, and may hold the Contractor liable for any damages
caused to CCUA by reason of such default, failure of performance, and termination. In the event
of such termination, any completed services performed by the Contractor under this Agreement
shall at the option of CCUA become CCUA’s property or may otherwise be relied on and utilized
by CCUA, and the Contractor shall be entitled to receive equitable compensation for any
professional services completed and provided to the satisfaction of CCUA. The Contractor,
however, shall not be relieved of liability to CCUA for damages sustained by CCUA by reason of
any breach of the Agreement by the Contractor and CCUA may withhold any payments to the
Contractor for the purpose of setoff until such time as the amount of damages due to CCUA from
the Contractor can be determined.
SECTION 7. TERMINATION FOR CONVIENCE
CCUA reserves the right, in the organization’s best interest as determined by CCUA, to cancel this
Agreement by giving written notice to the Contractor thirty (30) days prior to the effective date of
such cancellation.
SECTION 8. PAYMENT WHEN SERVICES ARE TERMINATED
A. In the event of termination of this Agreement by CCUA, and not due to the fault of
the CONTRACTOR, CCUA shall compensate the CONTRACTOR for all
authorized services performed prior to the effective date of termination.
C. In the event of termination of this Agreement due to the fault of the
CONTRACTOR, or at the written request of the CONTRACTOR, CCUA shall
compensate the CONTRACTOR for all authorized services completed, prior to the
effective date of termination, which have resulted in a usable or otherwise tangible
benefit to CCUA. All such payments shall be subject to an off set for any damages
incurred by CCUA resulting from any delay occasioned by early termination. This
provision shall in no way be construed as the sole remedy available to CCUA in
the event of breach by the CONTRACTOR.
SECTION 9. INSURANCE
GENERAL LIABILITY INSURANCE
The limits of this insurance shall not be less than the following limits:
Each Occurrence Limit $1,000,000
Personal & Advertising Injury Limit $1,000,000
Medical Expense Limit (any one person) $ 10,000
General liability coverage shall apply to “bodily injury” and to “property damage” occurring on,
about, or in transit to CCUA’s premises for the covered operations or professional services to be
performed for CCUA by or on behalf of the additional insureds.
WORKERS’ COMPENSATION AND EMPLOYER’S LIABILITY INSURANCE
The Contractor shall purchase and maintain at the Contractor’s sole expense Workers’
Compensation and Employer’s Liability insurance coverage for the life of this Agreement.
The Limits of this insurance shall not be less than the following limits:
Part One – Workers’ Compensation Insurance – Unlimited
Statutory Benefits as provided in the Florida Statutes
Part Two – Employer’s Liability Insurance
Bodily Injury By Accident $500,000 Each
Bodily Injury By Disease $500,000 Policy
Bodily Injury By Disease $500,000 Each
*If leased employees are used, policy must include an Alternate Employer’s Endorsement.
EXCESS LIABILITY INSURANCE
The Contractor shall purchase and maintain at the Contractor’s sole expense Excess Liability
(Umbrella Form) insurance coverage for the life of this Contract. The Limits of this insurance shall
not be less than the following limits:
Each Occurrence Limit $2,000,000
Aggregate Limit $2,000,000
PROFESSIONAL LIABILITY (ERRORS & OMISSIONS)
This additional coverage will be required for all projects involving consultants and similar
exposures. The Contractor shall purchase and maintain at the Contractor’s sole expense
Professional Liability insurance coverage for the life of this Agreement. The minimum amount of
such insurance shall be as follows:
Per Claim/Annual Aggregate $5,000,000
Professional Liability coverage will be provided on an Occurrence Form or a Claims Made Form
with a retroactive date to at least the first date of this Agreement. If provided on a Claims Made
Form, the coverages must respond to all claims reported within three (3) years following the period
for which coverage is required and which would have been covered had the coverage been on an
occurrence basis.
CYBER AND DATA SECURITY LIABILITY
This additional coverage will be required of Proposer for information technology services,
software providers, programmers, and similar exposures. The Contractor shall purchase and
maintain at the Contractor’s sole expense Cyber and Data Security Liability insurance coverage
for the life of this Contract. The minimum amount of such insurance shall be as follows:
Technology Errors and Omissions Liability coverage $1,000,000/per claim
Media $1,000,000/per claim
Network and Data (Information) Security $1,000,000/per claim
Policy coverage must include Third Party Liability coverage.
CRIME/FIDELITY COVERAGE
This additional coverage will be required for all service providers involving information
technology services, Pension consulting and administration, and similar exposures. The Contractor
shall purchase and maintain at the Contractor’s sole expense Crime/Fidelity and/or Fiduciary
Liability insurance coverage for the life of this Contract. The minimum amount of such insurance
shall be as follows:
Third Party Employee Dishonesty $1,000,000
Contractor shall require each of its subcontractors/vendors to likewise purchase and maintain at
their expense Commercial General Liability insurance, Workers’ Compensation and Employer’s
Liability coverage, Automobile Liability insurance and Excess Liability insurance coverage
meeting the same limit and requirements as the Contractor/Vendors insurance. Certificates of
Insurance acceptable to CCUA for the Contractor / subcontractor / vendor’s insurance must be
received within five (5) days of Notification of Selection and at time of signing Agreement.
Certificates of Insurance and the insurance policies required for this Agreement shall contain an
endorsement that coverage afforded under the policies will not be cancelled or allowed to expire
until at least thirty (30) days prior written notice has been given to CCUA.
Certificates of Insurance and the insurance policies required for this Agreement will include a
provision that policies, except Workers’ Compensation, are primary and noncontributory to any
insurance maintained by the Contractor/subcontractor/vendor.
CCUA must be named as an Additional Insured and endorsed onto the Commercial General
Liability (CGL), Auto Liability and Excess Liability policy(ies). A copy of the endorsement(s)
must be supplied to CCUA within ten (10) days following the execution of the Agreement or prior
to the first date of professional services being provided, whichever comes first.
The Contractor waives, and the Contractor shall ensure that the Contractor’s insurance carrier
waives, all subrogation rights against CCUA and CCUA’s officers, employees, and volunteers for
all losses or damages. CCUA requires the policy to be endorsed with WC 00 03 13 Waiver of our
Right to Recover from Others or equivalent.
CCUA shall retain the right to review, at any time, coverage from, and amount of insurance. The
procuring of required policies of insurance shall not be construed to limit the Contractor’s liability
or to fulfill the indemnification provisions and requirements of this Agreement. The Contractor
shall be solely responsible for payment of all premiums for insurance contributing to the
satisfaction of this Agreement and shall be solely responsible for the payment of all deductibles
and retentions to which such policies are subject, whether or not CCUA is an insured under such
policy(ies).
A. The CONTRACTOR shall name CCUA as a certificate holder and as additional
insured, to the extent of the services to be provided hereunder, on all required insurance
policies, and provide CCUA with proof of same.
B. The CONTRACTOR, and any authorized subcontractor(s), shall provide CCUA’s
Procurement Department with Certificate(s) of Insurance evidencing such coverage for
the duration of this Agreement. Said Certificate(s) of Insurance shall be dated and show:
1. The name of the insured CONTRACTOR;
2. The Agreement by name and CCUA Contract or RFP/Proposal number;
3. The name of the insurer;
4. The number of the policy;
5. The effective date;
6. The termination date; and
7. A statement that the insurer will mail notice to CCUA at least thirty (30) days prior
to any material changes in the provisions or cancellation of the policy.
C. Receipt of certificates or other documentation of insurance or policies or copies of
policies by CCUA, or by any of its representatives, which indicates less coverage than
is required, does not constitute a waiver of the CONTRACTOR’s obligation to fulfill
the insurance requirements specified herein.
D. The CONTRACTOR shall ensure that any subcontractor(s), hired to perform any of the
duties contained in the Scope of Services of this Agreement, maintain the same insurance
requirements set forth herein. In addition, the CONTRACTOR shall maintain proof of
same on file and made readily available upon request by CCUA.
SECTION 10. CCUA OBLIGATIONS
At the CONTRACTOR’s request, CCUA agrees to provide, at no cost to CCUA, all pertinent
information known to be available to CCUA to assist the CONTRACTOR in providing and
performing the required professional services under this Agreement.
SECTION 11. DOCUMENTS CONSTITUTING ENTIRE AGREEMENT
The following documents are hereby incorporated and made part of this Agreement:
1. Exhibit A – Scope of Services
2. Exhibit B – Original proposal submitted by Contractor
In the event of a conflict between the covenants, terms, and/or provisions of this Agreement and
Exhibit “A,” the provisions of the Agreement shall take precedence.
SECTION 12. APPLICABLE LAW, VENUE, JURY TRIAL
The laws of the State of Florida shall govern all aspects of this Agreement. In the event it is
necessary for either party to initiate legal action regarding this Agreement, venue shall lie in Clay
County, Florida. The parties hereby waive their right to trial by jury in any action, proceeding or
claim, arising out of this Agreement, which may be brought by either of the parties hereto. In all
respects, this Agreement is governed by and construed in accordance with the laws of the State of
Florida without giving effect to any choice of law rules thereof that may direct the application of
the laws of another jurisdiction.
SECTION 13. PUBLIC RECORDS COMPLIANCE
A. If the Contractor has questions regarding the application of Chapter 119, Florida
Statutes, to the Contractor’s duty to provide public records relating to this
Agreement, contact the custodian of public records at the following:
Public Records
3176 Old Jennings Road
Middleburg, Florida 32068
(904) 272-5999
Recordsrequest@clayutility.org
B. The CONTRACTOR understands that by virtue of this Agreement all its documents,
records, and materials of any kind, relating to the relationship created hereby, shall be
open to the public for inspection in accordance with Florida law. If CONTRACTOR shall
act on behalf of CCUA, as provided under section 119.011(2), Florida Statutes, as
amended, the CONTRACTOR, shall:
1) Keep and maintain public records that ordinarily and necessarily would be
required by CCUA to perform the service; and
2) Provide the public with access to public records on the same terms and conditions
that CCUA would provide the records and at a cost that does not exceed the cost
provided by Florida law; and
3) Ensure that public records that are exempt or confidential and exempt from public
records disclosure requirements are not disclosed except as authorized by law; and
4) Meet all requirements for retaining public records and transfer, at no cost, to CCUA
all public records in possession of the CONTRACTOR upon termination of the
contract and destroy any duplicate public records that are exempt or confidential
and exempt from public records disclosure requirement. All records stored
electronically must be provided to CCUA in a format that is compatible with the
information technology systems of CCUA; and
5) If the CONTRACTOR does not comply with a public records request, CCUA shall
enforce the Agreement provisions in accordance with the Agreement.
SECTION 14. INDEPENDENT CONTRACTOR
This Agreement does not create an employee/employer relationship between the parties. It is the
parties’ intention that the CONTRACTOR, its employees, subcontractors, representatives,
volunteers, and the like, will be an independent contractor and separate legal entity, and not an
employee, of CCUA for all purposes, including, but not limited to, the application of the following,
as amended: the Fair Labor Standards Act minimum wage and overtime payments, the Federal
Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the
provisions of the Internal Revenue Code, the State of Florida revenue and taxation laws, the State
of Florida workers’ compensation laws, the State of Florida unemployment insurance laws, and
the Florida Retirement System benefits. The CONTRACTOR will retain sole and absolute
discretion in the judgment of the manner and means of carrying out the CONTRACTOR’s
activities and responsibilities hereunder.
SECTION 15. APPLICABLE LICENSING
The CONTRACTOR, at its sole expense, shall obtain all required federal, state, and local licenses,
occupational and otherwise, required to successfully providing the services set forth herein.
SECTION 16. COMPLIANCE WITH ALL LAWS
The CONTRACTOR, at its sole expense, shall comply with all laws, ordinances, judicial
decisions, orders, and regulations of federal, state, CCUA, and municipal governments, as well as
their respective departments, commissions, boards, and officers, which are in effect at the time of
execution of this Agreement or are adopted at any time following the execution of this Agreement.
SECTION 17. INDEMNIFICATION
The Contractor agrees to protect, defend, indemnify, and hold CCUA and the organization’s
officers, employees and agents harmless the from and against any and all losses, penalties,
damages, settlements, claims, costs, charges for other expenses, litigation, whether in court or
before an administrative body, or liabilities of every and any kind including attorney fees, in
connection with or arising directly or indirectly out of the professional services agreed to or
performed by Contractor under the terms of any Agreement that may arise due to the Solicitation
process. Without limiting the foregoing, any and all such claims, suits, or other actions relating to
personal injury, death, damage to property, loss of value, loss of income, misrepresentation, breach
of fiduciary duty, actual or alleged violations of any applicable Federal or State Statute, ordinance,
administrative order, rule or regulation, or decree of any court shall be included in the indemnity
and hold harmless agreement hereunder.
SECTION 18. SOVEREIGN IMMUNITY
CCUA expressly retains all rights, benefits, and immunities of sovereign immunity in accordance
with Section 768.28, Florida Statutes. Notwithstanding anything set forth in any section, article
or paragraph of this Agreement to the contrary, nothing in this Agreement shall be deemed as a
waiver of sovereign immunity or limits of liability which may have been adopted by the Florida
Legislature or may be adopted by the Florida Legislature, and the cap on the amount and liability
of CCUA for damages, attorney fees and costs, regardless of the number or nature of claims in
tort, equity or contract, shall not exceed the dollar amount set by the Florida Legislature for tort.
Nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing
any claim against CCUA which would otherwise be barred under the Doctrine of Sovereign
Immunity or operation of law.
SECTION 19. BANKRUPTCY OR INSOLVENCY
If the CONTRACTOR shall file a Petition in Bankruptcy, or if the same shall be adjudged bankrupt
or insolvent by any Court, or if a receiver of the property of the CONTRACTOR shall be appointed
in any proceeding brought by or against the CONTRACTOR, or if the CONTRACTOR shall make
an assignment for the benefit of creditors, or proceedings shall be commenced on or against the
CONTRACTOR’s operations of the premises, CCUA may terminate this Agreement immediately
notwithstanding the notice requirements of Section 6 hereof.
SECTION 20. BINDING EFFECT
This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs,
personal representatives, successors, and/or assigns.
SECTION 21. ASSIGNMENT
This Agreement shall only be assignable by the CONTRACTOR upon the express written consent
of CCUA.
SECTION 22. SEVERABILITY
All clauses found herein shall act independently of each other. If a clause is found to be illegal or
unenforceable, it shall have no effect on any other provision of this Agreement. It is understood
by the parties hereto that if any part, term, or provision of this Agreement is by the courts held to
be illegal or in conflict with any law of the State of Florida or the United States, the validity of the
remaining portions or provisions shall not be affected, and the rights and obligations of the parties
shall be construed and enforced as if the Agreement did not contain the particular part, term, or
provision held to be invalid.
SECTION 23. WAIVER
Failure of the parties to insist upon strict performance of any of the covenants, terms, provisions,
or conditions of this Agreement, or to exercise any right or option herein contained, shall not be
construed as a waiver or a relinquishment for the future of any such covenant, term, provision,
condition, or right of election, but same shall remain in full force and effect.
SECTION 24. NOTICE
The parties hereto agree and understand that written notice, mailed or delivered to the last known
mailing address, shall constitute sufficient notice to CCUA and the CONTRACTOR. All notices
required and/or made pursuant to this Agreement to be given to CCUA and the CONTRACTOR
shall be in writing and given by way of the United States Postal Service, first class mail, postage
prepaid, addressed to the following addresses of record:
CCUA: Clay County Utility CCUA
Attention : Jeffrey S. Wesselman, CPA
Chief Financial Officer
3176 Old Jennings Road
Middleburg, Florida 32068
CONTRACTOR: SageView Advisory Group Inc.
Attention : Lisa Garcia
Retirement Plan Consultant
1645 Palm Beach Lakes Boulevard, Suite 1200
West Palm Beach, Florida 33401
SECTION 25. MODIFICATION
The covenants, terms, and provisions of this Agreement may be modified by way of a written
instrument, mutually accepted by the parties hereto. In the event of a conflict between the
covenants, terms, and/or provisions of this Agreement and any written Amendment(s) hereto, the
provisions of the latest executed instrument shall take precedence.
SECTION 26. HEADINGS
All headings of the sections, exhibits, and attachments contained in this Agreement are for the
purpose of convenience only and shall not be deemed to expand, limit, or change the provisions
contained in such sections, exhibits, and attachments.
SECTION 27. ADMINISTRATIVE PROVISIONS
In the event CCUA issues a purchase order, memorandum, letter, or any other instrument
addressing the services, work, and materials to be provided and performed pursuant to this
Agreement, it is hereby specifically agreed and understood that any such purchase order,
memorandum, letter, or other instrument is for CCUA's internal purposes only, and any and all
terms, provisions, and conditions contained therein, whether printed or written, shall in no way
modify the covenants, terms, and provisions of this Agreement and shall have no force or effect
thereon.
SECTION 28. CONFLICT OF INTEREST
The CONTRACTOR warrants that the CONTRACTOR has not employed or retained any
company or person, other than a bona fide employee working solely for the CONTRACTOR, to
solicit or secure this Agreement, and that the CONTRACTOR has not paid or agreed to pay any
person, company, corporation, individual, or firm any fee, commission, percentage, gift, or any
other consideration, contingent upon or resulting from the award or making of this Agreement.
For the breach or violation of this Section, CCUA shall have the right to terminate this Agreement
immediately, without liability and without regard to the notice requirements of Section 6 hereof.
SECTION 29. PUBLIC ENTITY CRIMES
As required by section 287.133, Florida Statutes, the CONTRACTOR warrants that it is not on the
convicted contractor list for a “public entity crime” committed within the past thirty-six (36)
months. The CONTRACTOR further warrants that it shall neither utilize the services of, nor
contract with, any supplier, subcontractor, or consultant in connection with this Agreement for a
period of thirty-six (36) months from the date of that person or entity being placed on the convicted
contractor list.
SECTION 30. EMPLOYMENT ELIGIBILITY VERIFICATION (E-VERIFY)
In accordance with State of Florida, Office of the Governor, Executive Order 11-116 (superseding
Executive Order 11-02; Verification of Employment Status), in the event performance of this
Agreement is or will be funded using state or federal funds, the CONTRACTOR must comply
with the Employment Eligibility Verification Program (“E-Verify Program”) developed by the
federal government to verify the eligibility of individuals to work in the United States and 48 CFR
52.222-54 (as amended) is incorporated herein by reference. If applicable, in accordance with
Subpart 22.18 of the Federal Acquisition Register, the CONTRACTOR must (1) enroll in the E-
Verify Program, (2) use E-Verify to verify the employment eligibility of all new hires working in
the United States, except if the CONTRACTOR is a state or local government, the
CONTRACTOR may choose to verify only new hires assigned to the Agreement; (3) use E-Verify
to verify the employment eligibility of all employees assigned to the Agreement; and (4) include
these requirement in certain subcontract, such as construction. Information on registration for and
use of the E-Verify Program can be obtained via the internet at the Department of Homeland
Security Web site: http://www.dhs.gov/E-Verify.
SECTION 31. JOINT AUTHORSHIP
This Agreement shall be construed as resulting from joint negotiation and authorship. No part of
this Agreement shall be construed as the product of any one of the parties hereto.
SECTION 32. EQUAL OPPORTUNITY EMPLOYER
The CONTRACTOR is an Equal Opportunity Employer and will comply with all equal
opportunity employment laws. The CONTRACTOR will further ensure that all subcontractors it
utilizes in providing the services required hereunder will comply with all equal opportunity
employment laws.
SECTION 33. AUDITING, RECORDS, AND INSPECTION
In the performance of this Agreement, the CONTRACTOR shall keep books, records, and
accounts of all activities, related to the Agreement, in compliance with generally accepted
accounting procedures. Throughout the term of this Agreement, books, records, and accounts
related to the performance of this Agreement shall be open to inspection during regular business
hours by an authorized representative of CCUA and shall be retained by the CONTRACTOR for
a period of three (3) years after termination or completion of the Agreement, or until the full CCUA
audit is complete, whichever comes first. CCUA shall retain the right to audit the books during
the three (3)-year retention period. All books, records, and accounts related to the performance of
this Agreement shall be subject to the applicable provisions of the Florida Public Records Act,
Chapter 119, Florida Statutes. CCUA also has the right to conduct an audit within sixty (60) days
from the effective date of this Agreement to determine whether the CONTRACTOR has the ability
to fulfill its contractual obligations to the satisfaction of CCUA. CCUA has the right to terminate
this Agreement based upon its findings in this audit without regard to the termination provision set
forth herein.
SECTION 34. CLIENT SERVICE MANAGERS
CCUA and the CONTRACTOR have identified individuals as “Client Service Managers” (herein
so called), listed below, who shall have the responsibility for managing the Scope of Services to
be performed under this Agreement. The person or individual identified by the CONTRACTOR
to serve as the Client Service Manager for this Agreement, or any replacement thereof, is subject
to prior written approval and acceptance by CCUA. If CCUA or CONTRACTOR replace their
own current Client Service Manager with another individual, an amendment to this Agreement
shall not be required. CCUA will notify the CONTRACTOR, in writing, if the current CCUA
Client Service Manager is replaced by another individual.
A. CCUA Client Service Manager’s contact information is as follows:
Jeffrey S. Wesselman, CPA
Chief Financial Officer
Clay County Utility CCUA
3176 Old Jennings Road
Middleburg, Florida 32068
Phone: 904-213-2404
Email: jwesselman@clayutility.org
B. The CONTRACTOR Client Service Manager’s contact information is as follows:
Scope of Services and Related Requirements
CCUA requests proposals from qualified firms for retirement services for fiduciary consulting
services for IRC Section 401(a) (Defined Contribution Plan) and Section 457(b) (Deferred
Compensation Plan) retirement plans, in accordance with the following specifications listed herein.
CCUA may add or delete specified services listed and specified herein during the life of this
Agreement as directed by CCUA’s service protocols.
As of March 9, 2022, there were approximately 168 active participants (mandatory participants)
in CCUA’s defined contribution plan, which includes 457(b) and 401(a) retirement plans
(EXHIBIT ‘B’). As of that date, plan assets totaled approximately $13.6 million. Participants
currently have several investment options from which to choose offered by third party
administrator/record keeper, Ascensus, LLC. In addition, plan assets also include rollover amounts
from other qualified retirement plans (e.g., IRC Section 401(k), 403(b), 401(a), etc.).
CCUA seeks a proposal from a qualified and experienced firm in Retirement Planning Services to
serve as a financial adviser and fiduciary. The Successful Proposer shall evaluate, on at least a
quarterly basis, the performance and cost of investment options offered to participants by the
Third-Party Administrator (TPA). Further, the Successful Proposer shall also provide general
consultation services regarding IRC Section 457(b) and Section 401(a) plan issues. CCUA intends
to obtain sound, independent, and objective advice.
CCUA seeks a Retirement Planning Services firm, which shall provide but is not limited to the
following:
1. Retirement Planning Services as financial adviser and fiduciary
2. General consulting services for CCUA’s Board of Supervisors, Executive Director, and
Chief Financial Officer as needed regarding, but not limited to the items listed below.
a. Retirement plan documents
b. Retirement plan design
c. Monitoring of operation and performance of CCUA’s deferred compensation
program and defined contribution plan
d. CCUA’s written Investment Policy Statement
e. CCUA’s strategic goals for retirement planning for employees
f. Detailed retirement and financial planning communications for CCUA employees
g. Detailed onsite employee financial and retirement planning education programs
h. Industry best practices for both internal and plan service provider procedures
EXHIBIT 'A'
i. Implementation and compliance with new and existing federal and state laws, and
regulatory requirements and changes, etc.
j. Consideration and implementation of accepted CEBS/CBP management, planning,
and benefits principles applicable to CCUA’s retirement plans
3. Quarterly Investment Review Services through delivery of written financial reports as
requested by CCUA which include but not limited to the reports listed below.
a. An economic overview and general market conditions for the reporting period
b. A comparison of each investment option’s performance to appropriate market
benchmarks and CCUA Investment Policy (EXHIBIT ‘A’)
c. A verification of investment style of each investment option
d. A measurement of the risk characteristics of each investment option
e. Historical performance with a focus on consistency
f. Morningstar or equivalent ratings
g. Comments on manager tenure and on the popularity of funds among participants
h. A review of expenses and returns of each fund option
i. An analysis of the extent to which investment policies have been carried out and
how they have affected actual fund performance
j. Recommendations for alternative investment that meet policy requirements and
performance benchmarks to address any of the above
k. A summary of findings and recommendations based on individual funds’ strengths
and/or weaknesses in the Plan
l. A review of plan participant fund selections by age
m. Responsible for plan administration duties, including capturing and reporting
meeting minutes for Trustee (as designated by the Board of Supervisors which is currently CCUA’s Executive Director and Chief Financial Officer) (i.e., the trustee of CCUA’s retirement plans) review and approval
n. Provides Financial Wellness Program initiative for plan participants, including but
not limited to, financial advice and counseling with a Certified Financial Planner,
and financial education programs and workshops
4. Prepare, coordinate, issue, and evaluate with CCUA Senior Leadership Team (SLT) a
solicitation for a Third-Party Administrator/Record Keeper. The Successful Proposer
shall include the services listed below. CCUA defines the SLT as CCUA’s Executive
Director, Chief Financial Officer, Chief Human Resources Officer, Chief Operations
Officer, and Chief Engineer.
a. Prepare the solicitation documents for a Retirement Plan Record Keeper
i. The Successful Proposer shall work with CCUA’s SLT regarding the
requirements and evaluation criteria to include in the Solicitation documents.
b. Review the Solicitation documents with CCUA’s SLT
i. CCUA’s SLT and Procurement Manager shall approve the Solicitation
documents prior to advertisement.
c. Coordinate with CCUA’s SLT regarding the evaluation of Solicitation responses
from firms interested in serving as CCUA’s Retirement Plan Record Keeper
d. Provide a written recommendation to CCUA’s SLT for the selection of a
Retirement Plan Record Keeper and receive concurrence from CCUA’s SLT prior
to award of contract for the Retirement Plan Record Keeper.
i. Prepare and provide presentation support to CCUA’s Board of Supervisors
recommending selection of a Retirement Plan Record Keeper
CCUA currently has one (1) Record Keeper, Ascensus, and two (2) plans with 168 Current
participants. The summary of Assets as of March 9, 2022, is estimated as follows:
$ 1,928,122.95457(b)- CCUA Deferred Compensation Plan
$ 11,736,688.71401(a)- CCUA 401(a) Flexible Plan
$ 13,664,811.66Total Assets
Title Page
RESPONSE TO REQUEST FOR PROPOSAL
Clay County Utility Authority
Retirement Plan Fiduciary Consulting Services
RFP# 2021/2022-A08
Submission Date: May 5, 2022
Lisa Garcia, AIF®, CPFA, AIF, MBA
SageView Advisory Group
1645 Palm Beach Lakes Boulevard, Suite 1200
West Palm Beach, FL 33401
(407) 791-3562
lgarcia@sageviewadvisory.com
1645 Palm Beach Lakes Blvd
Suite 1200
West Palm Beach, FL 33401
May 5, 2022
RE: Request for Proposals For Retirement Plan Fiduciary Consulting Services - RFP# 2021/2022-A08
To the Clay County Utility Authority Committee:
Thank you for allowing SageView Advisory Group, LLC (“SageView”) to present our firm’s capabilities
for investment consulting services to Clay County Utility Authority (“CCUA”). At SageView, we strive for
a culture of consistency, client commitment, and to create a defendable process for fiduciaries. We
hope our response not only conveys our commitment to fulfilling your requested needs, but also our
consulting abilities and enthusiasm to provide services in the context of a collaborative partnership.
SageView’s focus on retirement plan consulting and investment advisory services is a business model
that’s been in place for 30 years. Since our inception, we have been dedicated to providing unbiased
fiduciary services to retirement plans. The scope of services requested in this RFP is the core of our
business and we are fully committed to providing the level of service and resources needed for a
successful relationship.
Our History
SageView was founded by in 1989 in Irvine, CA (now headquartered in Newport Beach, CA) and we
now service clients out of 31 regional offices. Since our inception, we consult on 401(k), 403(b), 457,
defined benefit, and non-qualified deferred compensation. As of December 31, 2021, we provide consulting services to 1,537 retirement plans with assets totaling $175.4 billion. We employ 230
talented individuals and are privately-owned by our employees and Aquiline Capital Partners.
Our Mission
We simplify the complexities of retirement by applying clear thinking, innovative processes and
national resources, giving you insights and clarity on investing, compliance and fiduciary obligations
so you can make informed decisions. As a fiduciary advisor to both employers and individuals, we
believe our role is to be an objective and unbiased partner, using our unique services to provide a
sound retirement plan and fiduciary oversight process.
Service Focused
We have dedicated specialists, resources and scalable solutions for retirement plans of all sizes for
investment consulting, fiduciary risk management, compliance guidance, retirement plan design,
financial wellness, vendor comparative analysis, and fee benchmarking.
Local Presence, National Resources
Our firm has one goal - to leverage all of our employees,
who are focused entirely on retirement plan sponsors’ and participants’ needs, to support the Committee from
a fiduciary standpoint all the while increasing the
likelihood that your participants reach their retirement
goals. Our CEFEX certification speaks to our focused
approach on fiduciary best practices. SageView is
among a small, select group of investment advisors to
be awarded this certification by the Centre for Fiduciary
Excellence.
In 2019, SageView was one of eight CEFEX-certified firms recognized for our decade of adherence to
a defined Standard of Practice. Through CEFEX’s independent assessment, the certification provides
assurance to Plan Sponsors that SageView has demonstrated adherence to the industry’s best
fiduciary standards and practices.
Lisa Garcia, located in Orlando, FL, will be your main point of contact for the Plans and for this RFP. With the support of the local Florida team, they will work collaboratively and will be further supported
by a national team to proactively service CCUA. We are well positioned to serve as a fiduciary partner
to CCUA and to support plan participants through the innovative approach we have developed for
investment oversight. If you have any questions, please do not hesitate to contact Lisa at the contact
information listed below. We do not anticipate any substitutions, but will confirm that if a substitution
is necessary, any substitution must have prior approval of CCUA.
Lisa Garcia, AIF®, QPFC, MBA
Retirement Plan Consultant
1645 Palm Beach Lakes Blvd, Suite 1200
West Palm Beach, FL 33401
T (407) 791–3562
F (561) 207-2001
lgarcia@sageviewadvisory.com
As you read through our proposal, we hope you find that we have effectively communicated our core
strengths and ability to provide day-to-day consulting in a way that furthers your organizational goals.
Thank you again for the opportunity to convey our capabilities; we would be honored to serve CCUA
and your employees.
Sincerely,
Randall Long, AIF®
Managing Principal
SageView Advisory Group, LLC 2 | Page
TABLE OF CONTENTS
TITLE PAGE .................................................................................................................................................................. 1
TABLE OF CONTENTS ................................................................................................................................................. 2
MANDATORY REQUIREMENTS ................................................................................................................................. 3
A.Minimum Qualifications............................................................................................................................ 3
B.Background and Qualifications ................................................................................................................. 4
C.Portfolio Evaluation/Reporting and Participant Education ...................................................................... 9
D.Approach to Delivery Services ................................................................................................................ 13
E.Price Proposal/Fee Structure ................................................................................................................ 20
EXHIBITS
A.Client Reference Letters
B.Sample Investment Review
C.Webinar and Participant Flyers
SageView Advisory Group, LLC 3 | Page
MANDATORY REQUIREMENTS
A. Minimum Qualifications
1. The Proposer must have been in business for a minimum of four (4) years and this
information must be verifiable on https://dos.myflorida.com/sunbiz;
Confirmed.
2. The Proposer must provide the number of clients and type of clientele (defined by industry
and size of portfolio);
Please see below for the number of clients and type of clientele we serve:
Asset Ranges
Client Type <$10
million
$10
million
- $50
million
$50
million
- $100
million
$100
million
- $250
million
$250
million
- $500
million
$500
million
- $1
billion
$1
billion+ Total
Governmental/Public 21 28 13 18 3 2 3 88
Not for Profit 134 89 35 26 13 17 6 320
For Profit/Private
Sector 403 347 126 130 60 38 25 1,129
3. Proposer must provide the location of office(s) located in the State of Florida;
1645 Palm Beach Lakes Blvd, Suite 1200
West Palm Beach, FL 33401
4. Location of corporate headquarters;
4000 MacArthur Boulevard, Suite 1050
Newport Beach, CA 92660
5. Related organizations
SageView is a privately held organization owned by its employees along with interest from
Aquiline Capital Partners. Aquiline is a well-capitalized private investment firm based in New
York and London investing in businesses across the financial services sector.
SageView Advisory Group, LLC 4 | Page
B. Background and Qualifications
1. Resumes of principals and professional staff responsible for the services provided to CCUA;
The following contains an overview of the current service team for CCUA, led by Lisa Garcia.
Lead Consultant
Lisa Garcia, CPFA, AIF®, MBA
Retirement Plan Consultant
T (407) 791-3562
lgarcia@sageviewadvisory.com
Role on Service Team
Lisa Garcia is a Retirement Plan Consultant based in SageView’s Florida office and will be the
lead consultant and primary contact working with CCUA’s committee on plan design,
investment due diligence, fee benchmarking, monitoring and reporting, as well as a prudent
and comprehensive process compliance to maximize your fiduciary protection.
Relevant Experience
Lisa has vast experience working with plan sponsored retirement plans in both the private and
public sector servicing defined benefit plans, 401(a), 401(k), 457(b) deferred compensation
and executive supplemental retirement plans. She has been able to drive significant
efficiencies and cost savings to many other governmental entities. Lisa’s goal is to enhance
the retirement program for the benefit of the employees while helping plan sponsors meet
their fiduciary responsibilities. She is currently serving a two-year term as a member on the
NAPA Leadership Council. NAPA is an organization part of the American Retirement
Association, based in the Washington, D.C. area, leading advocacy efforts on behalf of the
retirement plan industry.
Education Professional Credentials
University of Buffalo, B.S. in International Business and World Trade
University of Phoenix, MBA with a specialization in Human Resource Management
Accredited Investment Fiduciary (AIF)
Certified Plan Fiduciary Advisor (CPFA)
Certified Health Savings Advisor (CHSA)
Series 6, 63, 7 and 65 Registered
NAPA Top Women Advisor, 2016-2021
NAPA Top Retirement Advisors Under 40, 2018
Senior Consultant
Jeffrey Petrone, AIF®, QPFC
Managing Director
T (561) 207-2020
jpetrone@sageviewadvisory.com
SageView Advisory Group, LLC 5 | Page
Role on Service Team
Jeff serves as a Managing Director for SageView and leads our Florida office. He will be able
to leverage his overall experience and provide feedback as needed and will work with Lisa to
ensure all the SageView resources are in place in order to deliver top tier services to CCUA.
Relevant Experience
Prior to joining SageView, Jeff made significant contributions to the employee benefits and
retirement practices of Mercer in Florida. He began his career with the financial planning
division of Citigroup in West Palm Beach, Florida. He has 20 years of retirement plan
experience.
Jeff speaks regularly at conferences including the National Health Benefits Conference &
Expo, Employee Benefits Network Annual Summit, HR Florida, SHRM Conferences, NAPA
401(k) Summit, Florida Public Human Resources Association and others. He also provides
thought leadership to some of the largest retirement plan administrators in the country serving
on their financial advisory boards. Jeff has consistently used his knowledge and experience
with retirement plan management to help with the development of new tools and products to
better serve the retirement plan industry.
Education and Professional Credentials
Villanova University, B.S. in Finance
Accredited Investment Fiduciary (AIF)
Qualified Plan Financial Consultant (QPFC)
Series 6, 63 and 65 registered
Investment Performance and Measurement
Justin Bogart, QPFC, CIMA
Investment Consultant
T (561) 800-4134
jbogart@sageviewadvisory.com
Role on Service Team
Justin will serve as the dedicated Investment Consultant for CCUA’s retirement program. As
the Investment Consultant, Justin will be responsible for the investment research, analytics
and performance reporting. Justin works closely with SageView’s internal Investment
Committee and will ensure that CCUA is receiving the best thinking of the entire SageView
research efforts.
Relevant Experience
Justin has 20 years of industry experience, including working with both qualified and non-
qualified retirement plans, such as defined contribution plans, not-for-profit plans, pension
plans and various other investment portfolio strategies. Justin is also a member of the
American Society of Pension Professionals and Actuaries (ASPPA) as well as a member of
Investment Management Consultants Association (IMCA).
Education and Professional Credentials
Kansas State University, B.S. in Finance
FINRA Series 7, 63 and 65 registered
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Certified Investment Management Analyst (CIMA)
Qualified Plan Financial Consultant (QPFC)
CFA Candidate – Level II
Communication Consultant
Maressa Etzig, QPFC
Account Executive
T (561) 284-0699
metzig@sageviewadvisory.com
Role on Service Team
As a dedicated participant education specialist, Maressa’s primary role is to work with service
providers and administrators to design and deliver customized employee education. She also
focuses on planning, implementing, and executing a robust communication and education
campaign for clients and conducting education meetings in both English and Spanish.
Relevant Experience
Maressa brings ten years of experience in participant education. Prior to joining SageView,
she provided education services as a contractor for vendors such as Transamerica,
MassMutual and Lincoln Financial Group.
Education and Professional Credentials
Interamerican University of Puerto Rico, B.A. and B.S.
FINRA Series 6, 63, and 65 registered
Qualified Plan Financial Consultant (QPFC)
Certified Health Savings Advisor (CHSA)
2. Number of years of experience in Retirement Plan Fiduciary Consulting Services;
SageView has 33 years of experience in Retirement Plan Fiduciary Consulting Services.
3. Describe business philosophy;
Our business philosophy is to be the advisor of choice for organizations who desire to optimize
their investment approach by leveraging a high-quality boutique advisory firm. As independent
investment advisors, we believe our role is to be our clients’ objective and unbiased partner,
using our unique stable of services to provide a sound investment planning and oversight
process. We spend every day working to provide our clients with better services and improve
our knowledge of the investment landscape. The collective experience of our firm is second-
to-none when compared to other consulting firms of our size. Each client is assigned a service
team of associates with the ability of leveraging our entire national team so that the client can
benefit from the collective experience and knowledge of our entire company.
4. Describe customer service philosophy;
Our consulting philosophy is to always put the clients first. SageView is known in the
consulting/advisory community as always doing what is right for the client in an honest and
transparent manner. Our recommendations will always be based on our client’s best interest
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in mind. We’re also committed to being your advocate and liaison with your service provider
to ensure the costs are competitive and they are providing the services you expect. We rarely
lose clients and believe our philosophy fosters long-standing relationships built on mutual
trust. We also believe our responsibility to you is to help create and monitor a retirement
program that provides the opportunity to achieve realistic investment goals and help your
employees feel more confident about their retirement planning
5. Include a list of your governmental clients, specifically utility companies or government
entities;
As of December 31, 2021, SageView provides investment advisory and retirement plan
consulting services to 88 retirement plans sponsored by Governmental/Public entities with
$13.4 billion in combined plan assets. Our current clients include a diverse array of states,
counties, cities, and other governmental agencies throughout the nation. While we are not
able to list them all, below is a list of some of our government clients have signed marketing
agreements with us. In addition, we serve 8 governmental utility companies sponsoring
13plans, with $488 million in assets.
Governmental Clients
Arizona Public Safety Personnel Retirement
System State of Idaho
Citizens Property Insurance (Jacksonville,
FL)
System for Tax Administration and Revenue
Services (STARS)
City of Cocoa, FL Town of Barnstable, MA
City of Pacific Grove, CA Town of Harwich, MA
City of Plantation, FL Tullahoma Utilities Board
County of Santa Barbara Utilities Commission, City of New Smyrna
Beach
State of Idaho Ventura County
6. Include three (3) letters of recommendation that CCUA may contact (clients most similar to
CCUA in type and size and similar services requested for projects completed within the last
ten (10) years).
We have provided our 3 client letters of recommendation as Exhibit A.
7. In 250 words or less, what do you believe are the key strengths or competitive advantages
of your company?
In general, below is a summary of what we believe are our key differentiators, and why we
think we are a good fit for CCUA:
If we summarized it in one word, inequivalently, it would be our culture. Our culture of
collaborative service, which leverages expertise across our firm to strengthen how we serve
our clients both geographically and technically. Doing what is right for our clients, providing a
transparent and above average level of service is found throughout the entire organization at
SageView. SageView has a comradery and synergy among all offices that is not often found in
SageView Advisory Group, LLC 8 | Page
our industry. We collectively work together, share ideas, best practices, lessons learned, etc.
to leverage the experience of our entire firm and better serve our clients.
SageView is a Gold level sponsor at the National Association of Government Defined
Contribution Administrators (“NAGDCA”) to help us better serve our governmental clients. In
addition, SageView is a leader in shaping the consulting and investment management
industry. Last year, we joined more than a dozen of the nation’s leading institutional
investment consulting organizations to create (as a founding member) the Institutional
Investing Diversity Cooperative (IIDC), a collective of institutional plan sponsors and
institutional investment consulting firms. The IIDC’s goal is to ensure greater diversity in the
institutional asset management sector by advocating for access to data that would capture
every dimension of diversity.
8. Litigation: Using the Litigation Disclosure Form, list any past and/or pending litigation or
disputes which have arisen or have been asserted within the last five (5) years, related to
Retirement Plan Fiduciary Consulting Services, or contracted fiduciary duties of any type or
plan size involving your firm or its subsidiaries and/or affiliates. This list shall include the
matter or dispute name, or case style, and the nature of the litigation or dispute.
We have not had any past or pending litigation or disputes which have arisen or asserted
within the last 5 years.
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C. Portfolio Evaluation/Reporting and Participant Education
1.Frequency of reporting to clients.
On a quarterly basis, the Committee will receive a comprehensive investment report created
utilizing our proprietary reporting software, which allows us to customize our reports to meet
our clients’ needs. The performance reports are prepared quarterly and are typically available
30 days after the end of the quarter.
2.Format of reports (include sample reports in proposal submission).
A typical quarterly report contains the following information:
•Market Commentary - Provides an analysis of the overall economy and examination of
various equity and fixed income markets.
•Legislative Update - Also included in our quarterly market commentary is an update on
legal and legislative issues and proposals that might affect the retirement plan industry,
including recent litigation impacting plan sponsors.
•Investment Summary - Includes both historical returns and our proprietary fund ranking
for each investment option in the plan, which is based on various factors including risk-
adjusted metrics to determine funds on the watch-list based on the Investment Policy
Statement.
•Portfolio Summary - Summarizes the plan lineup, including rankings versus industry
standard benchmarks and static benchmarks. Style analysis of the plan lineup utilizing
both holdings analysis and returns-based analysis is also included.
•Plan Asset Allocation - Outlines detailed plan level statistics including asset allocation by
fund, portfolio compositions, plan demographics and participant usage statistics.
•Fund Performance - Detailed analysis of each investment option comparing
performance to the appropriate benchmark as well against its peer group.
•Appendix - Plan highlights and investment glossary.
We have provided a sample quarterly investment review as Exhibit B.
The quarterly report will include meeting minutes from the prior meeting. In addition to the
quarterly investment report, the following reports and communications will be provided
throughout the year:
•Industry Plan Benchmark Report (annually)
•Target Date Fund Analysis (annually)
•Market Commentary (monthly)
•Participant Investment Education Flyers and Webinars (1 – 2 per quarter)
•Fee Analysis & Benchmarking (annually)
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3. Provide an evaluation of CCUA’s existing policy, plans, participants and provide
recommendations aimed to lower costs, maximize returns, minimize risks, and educate
participants.
Based on our review of the Investment Policy Statement provided in ‘Exhibit A’, we noted the
following observations:
• Monitoring criteria is based on the fund’s 3-year time period, whereas taking into
consideration longer time periods such as 5-year and 10-year to capture different
periods in the market and manager’s consistency in addition to other risk-adjusted
metrics is recommended.
• IPS is not very clear on when a fund is subject to termination or replacement
• While Target Date Funds meet the criteria of ‘Qualified Default Investment Alternative’
investment option as noted, the IPS should include methodology of how these are
selected and monitored. Best practice is to adopt the Department of Labor’s guidance
issued.
According to our IPS and scoring methodology, the following funds are on our watch-list, as
illustrated in the attached investment report:
• DFA World Ex-US Government Fixed Income (4 quarters on our watch-list)
• Invesco Developing Markets (1 quarter on our watch-list; replace)
• Fidelity Real Estate Investment Portfolio (6 quarters on our watch-list)
We have also listed potential areas of non-compliance with the current IPS:
• Alternative Asset Category not included in the IPS; however, plan holds the resources
Diversified Risk Mitigation fund with approximately $1 million in assets. IPS does
address use of derivatives available for investment managers but no benchmark is
provided to evaluate this asset category.
• The following funds have less than a 3-year track history, which may be considered as
non-compliant with your current IPS:
o Resources Diversified Equity o Resources Diversified Risk Mitigation o Resources Diversified Fixed Income
It is important to note, that these funds collectively hold approximately 60% of total plan
assets. Also, Resources Investment Advisors, who is part of the OneDigital company is
the investment advisor; therefore, conflicts of interest may exist.
The following are a few investment recommendations made based on the fund observations
above:
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4. Provide information regarding any proposed innovative concepts that may enhance the
value and quality of the services to be performed.
Financial Wellness Services
In the area of financial wellness, we offer our Sage411 Participant Help Center allowing
participants to call in and receive financial advice from one of our Certified Financial Planners.
Negotiating Collective Investment Trust (CITs) as Lower Cost Investment Options
SageView leverages its significant scale, growth, and reputation to bring our clients highly
competitive investment cost savings opportunities. SageView works with clients, as
appropriate, to determine whether a Plan’s investment categories should be deployed using
publicly available mutual funds or collective investment trusts (CITs), including the T. Rowe
Price Target Date Funds currently in the CCUA Plans. SageView offers a lower cost CIT
(Collective Investment Trust) version of the T. Rowe Price Retirement funds, generally
reserved for larger plans with specific minimum investment requirements. As a 3(38)
fiduciary, we have the option to offer the T. Rowe Price Retirement funds at an investment
expense of 0.32% (compared to the 0.36% - 0.46% investment expense of the current share
class).
For clients using CITs, we have negotiated special arrangements with several dozen preferred
investment managers that offer lower fees, lower purchase minimums, or both.
5. Provide examples of participant engagement materials, tools, and customer satisfaction
surveys.
Financial Wellness Program
The financial wellness program is customized based on your needs and employee
demographics. SageView’s employee education services are intended to improve overall
financial wellness. We believe that financial wellness is the cornerstone to a successful
retirement plan, therefore, if requested we can organize and facilitate group and one-on-one
employee education meetings.
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Our local and national teams also host financial-focused wellness webinars on a quarterly
basis. All webinars are recorded and posted to our website for participants that are not
available when the webinar is happening live. Please see Exhibit C for a flyer of our upcoming
quarterly webinar series, and recent participant educational flyers provided. The following lists
several of the financial wellness and education topics and presentations that our team can
deliver to CCUA:
For clients seeking alternate communication strategies for their employees based on the
nature of their industry, locations or diverse labor force, SageView offers access to our
Sage411 Participant Call Center. Understanding that participants may have questions or
want advice outside of scheduled group education meetings, we offer a toll-free hotline for
them to call during normal business hours. A team of Certified Financial Planners (“CFPs”) will
answer participant calls and be able to respond to questions the participants have, as well as
provide recommendations to assist participants with creating a portfolio using the plan’s
designated investment alternatives. Participants also have the option of calling or visiting our
website to schedule an appointment with a CFP for a one-on-one consultation.
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D. Approach to Delivery Services
1. State your firm’s technical approach to the project and the interpretation of the scope of
services required.
The core focus of the firm is providing retirement plan consulting services to corporate, not-
for-profit and governmental plan sponsors. Since the firm’s inception in 1989 we have been
providing the fiduciary and investment services that CCUA is seeking under the scope of
services. We understand the scope of services and required and have listed our technical
approach to the scope of services below. As your lead consultant and day-to-day contact, Lisa
Garcia will be responsible for providing the services requested and has the ability to
accommodate her schedule based on CCUA’s needs. She is available daily via phone and
email to answer any questions and will respond the same day or within 24 hours.
Fiduciary Governance Process
The key elements of our sound fiduciary process begin with a prudent governance structure
which includes controlling risk, manage cost, proactively deliver solutions ensure the
employees are receiving the resources they need. The process is outlined below:
Quarterly Committee Reporting
On a quarterly basis, the Committee will receive a comprehensive investment report created
utilizing our proprietary reporting software, which allows us to customize our reports to meet
our clients’ needs. The performance reports are prepared quarterly and are typically available
30 days after the end of the quarter.
To evaluate investment funds and managers, we’ve developed a proprietary scoring
methodology comprised of a detailed qualitative and quantitative analysis consisting of
performance, ratio, style and expense metrics. In determining the success of a fund, it is
crucial that all data is viewed in context to the other funds within a category, as various asset
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classes can perform differently at any given time. For that reason, a fund is given a peer group
ranking in each quantitative metric, shown as a percentage from 1% to 100%. The rankings
for all criteria are then weighted to give a fund its average ranking score, the lower the average
ranking score, the better.
If a fund scores a 50% or higher, it is placed on the watch-list, and after 4 consecutive
quarters on the watch-list, it is subject to replacement. During the meeting, a replacement
option will be recommended. SageView will coordinate with your vendor to facilitate the
change(s). While the scoring methodology is solely based on quantitative metrics, a fund may
be placed on the watch-list due to qualitative factors as well.
We have listed the following quantitative and qualitative criteria below:
2. Define the adequacy of resources, including personnel, labor, equipment and supply
resources, and other requirements to provide the requested services.
The consultant and team assigned to service CCUA’s retirement program are committed to
providing best-in-class service to all of our clients. The entire team is experienced, credentials
and dedicated to servicing retirement plans. With the support of our home office resources,
proprietary technological tools, our process is very efficient and turn-key. The average client
to consultant ratio for the team is 15 to 1. The team’s workload is very manageable, and they
will be available to meet with CCUA’s committee on a quarterly basis and be available on a
daily basis to answer any questions that CCUA may have through email or by phone.
3. List and define the responsibilities of the subcontractors that will be used to accomplish this
service.
We do not plan to utilize any subcontractors in the provision of these services.
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4. Provide a minimum of three (3) letters of recommendation.
Our references are included in the ‘Supplier Reference Form’ provided.
5. Provide a clear statement of the specific services and tasks to be performed. Include
information concerning each task and staff committed to accomplish each task.
The core focus of the firm is providing retirement plan consulting services to corporate, not-
for-profit and governmental plan sponsors. The key elements of our sound fiduciary process
begin with a prudent governance structure which includes risk management and documents
such as an Investment Policy Statement, Committee Charter, Board Resolutions, 404(c) and
404(c)5 checklists, fidelity bond and/or fiduciary liability coverage discussions, and
committee meeting minutes.
The following illustrates a summary of the services we are committed to providing CCUA. As a
fiduciary to the Plans, we have a vested interest in ensuring the success of the Plans. In
addition, we provide fiduciary training to help committee members understand their roles and
responsibilities.
Quarterly Investment Review Services
SageView is proactive in initiating discussion on emerging issues. At each Committee meeting,
SageView presents an update that includes an in-depth discussion of capital markets, current
and pending legislation, new regulations and current litigation. Many of the items discussed
in these meetings are subsequently addressed with the plan recordkeeper to ensure
compliance.
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Investment recommendations are provided quarterly, if one is warranted, or sooner in the
event of unusual or unexpected changes. Industry trends and regulatory changes are also
discussed during the quarterly meetings, often driving further recommendations. Following
the meeting, we will begin working with all required parties to complete the tasks/action items
that were derived from the meeting. Our work does not stop when the meeting is over, and
minutes are finalized, as it is also our duty to keep our clients apprised of any market changes,
fund and legislative updates, or regulation changes in between meetings. If unusual market
or manager activity occurs that needs to be addressed between investment reviews, your
consulting team will determine when and how to notify you. If needed, they may request to set
up an ad-hoc Committee meeting via conference call to discuss the issue immediately.
A typical quarterly report contains the following information:
• Market Commentary - Provides an analysis of the overall economy and examination of
various equity and fixed income markets.
• Legislative Update - Also included in our quarterly market commentary is an update on
legal and legislative issues and proposals that might affect the retirement plan industry,
including recent litigation impacting plan sponsors.
• Investment Summary - Includes both historical returns and our proprietary fund ranking
for each investment option in the plan, which is based on various factors including risk-
adjusted metrics to determine funds on the watch-list based on the Investment Policy
Statement.
• Portfolio Summary - Summarizes the plan lineup, including rankings versus industry
standard benchmarks and static benchmarks. Style analysis of the plan lineup utilizing
both holdings analysis and returns-based analysis is also included.
• Plan Asset Allocation - Outlines detailed plan level statistics including asset allocation
by fund, portfolio compositions, plan demographics and participant usage statistics.
• Fund Performance - Detailed analysis of each investment option comparing
performance to the appropriate benchmark as well against its peer group.
• Appendix - Plan highlights and investment glossary.
We have provided a sample quarterly investment review as Exhibit B.
In addition to the quarterly investment report, the following reports are provided throughout
the year:
• Industry Plan Benchmark Report (annually)
• Target Date Fund Analysis (annually)
• Fee Analysis & Benchmarking (annually)
SageView Advisory Group, LLC 17 | Page
Vendor Benchmarking Project - Request for Proposal
Our team developed and maintains a proprietary tool used to create and execute an RFP which
allows full flexibility when it comes to developing an RFP for our clients. No RFP is identical
and having a dedicated, expert RFP resource available to customize your process will allow
us to partner with CCUA to drive the best possible outcomes for both CCUA and the Plan
participants. SageView has conducted over 500 TPA/Recordkeeper/Trustee searches in just
the past five years.
Our due diligence process focuses on the following areas:
• Vendor experience
• Recordkeeping & Administration services
• Service team
• Plan document services
• Data security
• Employee education capabilities and deliverables
• Conversion and implementation capabilities/experience
• Plan investment options/flexibility
• Plan costs, both investment and hard dollar
• Participant costs
• Specialized areas custom to a plan such as Spanish capabilities, Self-Directed
Brokerage, managed accounts, c in-plan annuity capabilities/offerings, custom asset
allocation modeling, etc.
Your consultant will support CCUA’s procurement team and help facilitate the project based
on your internal procurement procedures. The following is a sample timeline of what the
vendor RFP project would look like, up until the decision is made regarding which
recordkeeper will be selected as the sole provider:
SageView Advisory Group, LLC 18 | Page
Upon the selection of a new recordkeeper, SageView would assist you with the additional
steps that will be necessary for conversion, if a new recordkeeper is selected, including but
not limited to, participating on the weekly conversion project calls, providing investment
mapping recommendations, and facilitating employee education meetings.
6. Provide implementation schedule for proposed services including any management and
planning strategies.
The following is an outline that summarizes our approach and onboarding process to providing
consulting services to your retirement program which includes the initial setup and ongoing
monitoring process for investment management & plan governance:
Tentative Months Parties Action Action Items
Plan Documents & Fiduciary Process
Q2 2022 SageView Initial Plan Review
SageView will review current plan documents and
amendments; review service agreements, loan
policy, investment options, and fee disclosures
Q2 2022
CCUA
Committee &
SageView
Plan Design Strategy
Discussion
Development of plan design strategy including review of recommendations
Discuss any current or outstanding compliance
concerns
Finalize and implement changes based on
Committee review and feedback.
Q2 2022 CCUA Committee &
SageView
Fiduciary Process
Implementation
Review/Draft/Update Committee Charter, and Investment Policy Statement
Create online Fiduciary File
Initiate recordkeeper RFP
Investment Review and Analysis
Q2 2022 CCUA Committee & SageView
Initial Review and Recommendations
Meeting to discuss initial plan investment review and recommendations Recommendations finalized based on
Committee decisions.
Quarterly
CCUA Committee
SageView, &
Provider
Ongoing Quarterly Meetings
Economic overview and plan performance review
Investment review, watch-list and
recommendations
Prior meeting minutes reviewed and approved
Legislative and retirement benefit trends
discussed
Cost benchmarking provided quarterly, with an
in-depth review annually
Q2 2022 &
Annually SageView Target Date Fund Analysis
(QDIA)
Refine assumptions for Target Date Fund Best
Fit Tool
Identify optimal Target Date Solution
Conduct and document due diligence annually
SageView Advisory Group, LLC 19 | Page
Vendor RFP
Q2 2022
CCUA Committee &
SageView
Discovery Meeting with Committee
Review and determine providers typically capable of meeting CCUA’s specific needs and
objectives.
Q2 2022 SageView Customize RFP
Draft cover letter and questionnaire with plan
specifications and provider requirements.
Draft sent to the Committee for approval.
Q2 2022 SageView Distribute RFP and
compile RFP responses
Distribute RFP to identified providers.
Once responses are returned to SageView, a
formal analysis is compiled
Q2 2022
CCUA
Committee & SageView RFP Analysis meeting
Provider responses presented to Committee –
Summarized by SageView and finalists are
determined
Schedule a day for presentations (2 weeks out)
Notify the vendor finalists
Q2 2022
CCUA
Committee &
SageView / Finalists
Finalists Presentations
Allocate 60 – 75 minutes for each vendor
presentation
Select provider
Q3 2022
CCUA
Committee &
SageView /
Recordkeeper
Conversion and
Implementation
90-day conversion process. Vendor selection to
be completed at least 30-days prior.
Weekly or bi-weekly calls held throughout project
until live date
Employee meetings held pre/post conversion
Participant Engagement
Initial Rollout
CCUA
Committee &
SageView
Employee Education
Strategy
Engagement strategy is reviewed and
determined based on CCUA employee
demographics and goals
Review and coordinate with provider existing employee educational resources
Quarterly SageView Financial Wellness
Webinars
SageView offers quarterly webinars based on various financial wellness topics
Customized webinars can be provided as well
Quarterly flyers distributed as well based on the financial theme for the quarter
Continuous SageView Employee Meetings
Group meetings and individual meetings can be planned as needed. In person or virtual
SageView Advisory Group, LLC 20 | Page
E. Price Proposal/Fee Structure
1.Pricing should be based upon basis points times amount of plan assets broken out between
investment management, which includes fiduciary responsibilities, and education options
for employees. Fees must include a not to exceed amount (Plan Assets multiplied by (x) basis
points) CCUA would be charged for services at a future date. Preference will be given to firms
that provide a not to exceed amount.
Our cost would be payable in arrears and can either be paid from the plans’ forfeiture
accounts, directly from HR or finance budgets, or charged back to the participants via a
percentage of assets or a per participant charge.
SageView is willing to guarantee our fees through year-end of 2023.
CCUA 457(b) and 401(a) Plans
SageView’s fee proposal for discretionary 3(38) fiduciary oversight on the plans is 0.12% on
total plan assets (not to exceed $30,000 per year). The services include the following:
•Fiduciary Governance and Oversight
•Investment Review Meetings (including meeting minute preparation)
•Plan Design Consulting
•Compliance Consulting
•Committee Charter Creation
•Fiduciary Training for Committee Members
•Investment Selection, Monitoring and Recommendations
•Target Date Analysis/Monitoring
•Investment Policy Statement Review/Oversight
•Provider Management and Oversight
•Vendor Benchmarking Analysis – RFP or RFQ and assist through conversion, if applicable
•Fiduciary Vault for Plan Documentation Storage and Auditor Access
•Department of Labor Audit Support
Employee Education & Financial Wellness Services Included:
•Oversight of Recordkeeper’s Education Campaign/Communication Materials
•On-Site Employee Group Education (2 days per year included)
•Sage411 Participant Call Center
•Virtual One-on-One Employee Financial Consultations (unlimited virtual consultations)
•Financial Wellness Webinars
SUPPLIER REFERENCE FORM
Supplier shall complete a Supplier Reference Form for each provided reference in accordance with
the RFP. Please provide three (3) references for projects with similar scope.
1.General Background
Name of Client Utilities Commission, City of New Smyrna Beach
Number of Employees Approximately 200
Address
PO Box, New Smyrna Beach, FL 32170
Project Budget Asset based fee based on plan assets; plan assets approx. $23M
Project Manager: Britney Beck, SHRM-SCP, Director Central Services Efren Chavez, CPA, CFO
Phone Number (386)424-3056
(386)424-3059
Email Address
bbeck@ucnsb.org echavez@ucnsb.org
2.Project Scope
Provide a brief description of the Project and its relation to this RFP.
SageView provides ongoing investment fiduciary services and plan consulting to
to their 401 (a) and 457(b) Deferred Compensation Plans. In addition to
group/individual employee financial wellness assistance.
In 2020, the Plan completed a thorough plan cost benchmark study and
subsequently a plan administrator search leading to a conversion to a new
recordkeeper. During this process, plan documents for both plans were
reviewed to include new features and required compliance updates. The
investment menu was streamlined and enhanced during the process as well.
Print Name Signature /) I
Lisa Garcia 1IUJY1 �a Title Phone Number
Retirement Plan Consultant (407)791-3562
Ema ii Address lgarcia@sageviewadvisory.com Date 05/04/22
SUPPLIER REFERENCE FORM
Supplier shall complete a Supplier Reference Form for each provided reference in accordance with
the RFP. Please provide three (3) references for projects with similar scope.
1.General Background
Name of Client City of Cocoa
Number of Employees Approximately 500
Address
65 Stone St., Cocoa, FL 32922
Project Budget Asset based fee based; plan assets approx. $15 million
Project Manager: Tammy B. Gemmati, PHR, FCLRP
Administrative Services Director
Phone Number (321)433-8445
Email Address
tgemmati@cocoafl.org
2.Project Scope
Provide a brief description of the Project and its relation to this RFP.
SageView provides ongoing investment fiduciary services and plan consulting to
to their 401 (a) and 457(b) Deferred Compensation Plans. In addition to
group/individual financial wellness assistance to the City employees.
Plan is currently transitioning from a multi-vendor/multi-plan arrangement to a
single provider. Plan documents for both plans have been reviewed and restated during this process. The investment menu was streamlined and enhanced during the process as well, removing all revenue sharing, wrap fees,
etc to allow for fee transparency.
Print Name Signature /) I
Lisa Garcia 11'(//)()A 17M r itJ.. Title Phone Numl:'Ser -
Retirement Plan Consultant (407)791-3562
Email Address lgarcia@sageviewadvisory.com Date 05/04/22
SUPPLIER REFERENCE FORM
Supplier shall complete a Supplier Reference Form for each provided reference in accordance with
the RFP. Please provide three (3) references for projects with similar scope.
1.General Background
Name of Client Citizens Property Insurance
Number of Employees 1,000+
Address
301 W. Bay St. #1300, Jacksonville, FL 32202
Project Budget Fixed dollar cost; plan assets approx. $180M
Project Manager: April Osuna, CPP Payroll & Retirement Benefits Manager
Phone Number (904)208-7782
Email Address
April.Osuna@citizensfla.com
2.Project Scope
Provide a brief description of the Project and its relation to this RFP.
Sage View provides ongoing investment fiduciary services to their 401 (a) and 457(b)
Deferred Compensation Plan. Consultant meets with the client quarterly for an investment performance review and recommendation as needed. In addition, our team provides live quarterly financial wellness webinars, monthly financial wellness
fliers, and a monthly date for one-on-one financial consultations with employees.
SagView provides a routine plan costs benchmarking study, target date fund due diligence evaluation, as well as any other special reporting needed for board
meetings. In addition, SageView will assist Citizen's procurement team with vendor RFP.
Print Name Signature /) I
Lisa Garcia rlr"J/1/JJ 1J /)/) 1'1 IA Title Phone Numoer
Retirement Plan Consultant (407)791-3562 Ema ii Address lgarcia@sageviewadvisory.com Date 05/04/22
Plan Investment Review
Clay County Utility Authority 401(a) Retirement Plan
For period ending March 31, 2022
Lisa Garcia Registered Representative with and securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC
4000 MacArthur Blvd, Ste 1050, Newport Beach, CA 92660 | T 949.955.1395 | SageView is not affiliated with Cetera
Table of Contents
Section - I Market Overview 3
Market Update
Section - II Portfolio Summary 13
Portfolio Return vs. Custom Benchmark
Section - III Investment Summary 15
Asset Allocation by Fund
Portfolio Composition
Fund Performance Summary
Addition/Replacement
Fund Score Summary
Historical IPS Ranking
IPS Performance Analysis
Section I
Market Overview
The views are those of SageView Advisory Group and should not be construed as investment advice. All information is believed to be from reliable sources; however, we make no representation as
to its completeness or accuracy. All economic and performance information is historical and not indicative of future results. The market indices discussed are unmanaged. Investors cannot directly
invest in unmanaged indices. Additional risks are associated with international investing, such as currency fluctuations, political and economic stability, and differences in accounting standards.
Please consult your financial advisor for more information.
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no
warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses,
where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made.
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
GLOBAL ECONOMIC IMPACT OF WAR IN UKRAINE
The US has declared a complete ban on
Russian oil, gas and coal imports. Russia is
the world’s third biggest oil producer behind
the US and Saudi Arabia. More than half
goes to Europe, with the US importing just
3% of its oil from Russia. Nonetheless, US
gas prices have surged by 51% since the
beginning of 2022.
OIL
Ukraine and Russia are leading exporters of
metals used in vehicle manufacturing, and
Europe is their primary customer.
Automobile giant Germany imports 44% of
its nickel (for electric vehicle batteries), 41%
of its titanium (engine components), 18% of
its palladium (catalytic converters), and
much of its aluminum (bodywork) from
Russia.
AUTOMOBILES
GRAIN
Russia and Ukraine together export 28% of
global fertilizers. Fertilizer prices have
tripled since the end of 2020. Farmers
globally now face fertilizer shortages, steep
price increases, and potentially lower global
crop yields.
FERTILIZERS
LONGER-TERM IMPLICATIONS
COMMODITY PRICE INFLATION
Sanctions, embargoes, and physical
trade obstacles are exacerbating COVID-
era shortages and inflation that is
already at 40-year highs in the US.
LOWER GLOBAL GROWTH
Recession fears are building inside and
outside the US, as consumers must
spend more of their incomes on food
and gas. Goldman Sachs raised the risk
of recession in 2022 to 35%.
RISING INTEREST RATES
Elevated commodity prices, continued
supply chain disruptions, and rising food
costs will increase inflationary
pressures. As a result, hawkish Fed
actions are expected, even amidst
slower global growth.
LOWER G
i
COMMODITY
One-third of global grain exports come from
Ukraine and Russia. Middle Eastern
countries are their top customers. Ukrainian
grain exports have fallen 90% from prewar
levels, sending wheat and corn futures up
around 30% year-to-date.
SUPPLY CHAIN DISRUPTION
Destruction of physical infrastructure, air
transit restrictions, Black Sea port
closures, railroad sizing differences
between Soviet states and Europe are
all complicating global logistics.
RISING INT
4
Q1 2022 BY THE NUMBERS
18%
A late quarter rally was not enough to salvage the worst quarter for
equities in two years, and the worst for bonds since 1980. The Fed
launched a rate increase plan to combat stubborn inflation, which
particularly impacted the Technology sector. Commodities were the
sole bright spot, as western sanctions on Russia were a boon for
domestic oil producers, who are ramping up production to meet
surging demand.
With consistent inflationary readings at or above 5% since May of
2021, the Fed raised the federal funds rate by 0.25% and signaled
six more increases this year. Simultaneously, the Fed has indicated
plans to unwind its $9 trillion asset portfolio, another tool at its
disposal to curb inflation. Complicating the issue are both persistent
wage growth, which remains above historical averages, and higher
energy costs.
The yield on the 2-year Treasury note surpassed that of the
10-year, a historically reliable recession predictor. The University of
Michigan’s Consumer Sentiment Index fell to its lowest level in a
decade. Concurrently, the average 30-year fixed mortgage rate
jumped to 4.67%, a meaningful increase from the 3.11% at the end
of the year. Despite this, the unemployment rate remains historically
low at 3.6%.
-5.26%-5.93%-5.24%
Source: Morningstar. Returns represent cumulative total return, including dividends US REITS – FTSE NAREIT All REITs
8.5%
March CPI
YoY
7 out of 8
The 2/10 yield curve
inversion predicting 7
of last 8 recessions
62.8 2.8%
60%
% of Americans
worried about
inflation (Gallup)
Univ of Michigan
Consumer Sentiment
Index (76.8 Feb 2021)
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
6.7%
Wage Growth
(4% avg)
Broad Selloff
Stubborn Inflation
Recession Worries
FTSE NAREIT All
REITs Index (Qtr)
BBgBarc
Aggregate Bond
Index (Qtr)
MSCI ACWI Index
(Qtr)
FOMC GDP
Growth Projection
2022
5
ECONOMIC SCOREBOARD
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
* CPI refers to the Consumer Price Index. PCE refers to the Personal Consumption Expenditures Price Index. DPI refers to Disposable Personal Income.
Positive Neutral Negative
EMPLOYMENT
Growth in the leisure and hospitality sector, boosted by
falling COVID-19 case counts, was a major tailwind as the
U.S. economy created an average of 562,000 jobs per
month in Q1 2022. Unemployment rate now at 3.6%.
HOUSING
Existing home sales fell 7.2% across all four major U.S.
regions. Relative to February 2021, new home sales were
down 6.2%. 30-year fixed mortgage rates rose from 3.11% to
4.67% during Q1 2022.
INFLATION
March’s CPI reading of 8.5% marks the 11th straight month
of inflation at or above 5%. The Fed’s preferred metric, PCE,
came in at 6.4% (Feb). The Fed has signaled that it will
continue to raise interest rates to stem inflation.
GDP GROWTH
Real GDP growth accelerated to 6.9% in Q4, ahead of
estimates and surpassing growth in Q3. Consumer spending
and inventory buildup had the largest positive contributions.
FISCAL SPENDING
The U.S. federal deficit was cut in half during the first five
months of the current fiscal year, as COVID-19 stimulus and
infrastructure spending decreased. Tax revenues increased by
$42 billion from February 2021.
INTEREST RATES
In a widely telegraphed and expected move, the FOMC
raised its target interest rate by 25 basis points in March.
This is the initial step of reversing the emergency measures
the Fed took to assist the economy in 2020.
CORPORATE EARNINGS
Factset’s estimated earnings growth rate for the S&P 500 is
4.5% for Q1 2022. This figure comes after very strong
earnings in years 2020 and 2021.
CONSUMER SPENDING
Month-over-month growth in consumer spending fell to 0.2%
in February after an increase of 2.7% in January. Increased
inflationary pressure on consumer staples and decreased
consumer sentiment threaten consumption.
TRADE TENSIONS
The conflict in Ukraine stratified global trade alliances, as
the West attempted to penalize Russian aggression through
sanctions and other means. China and India, heavily
dependent on Russian oil, took no punitive measures.
MANUFACTURING
The March Manufacturing PMI registered at 57.1, a small
decrease from the February reading but an indication of
continued growth. This is the 22nd consecutive month of
expansion in manufacturing.
.
Calendar of Economic Data Releases
APRIL MAY JUNE
Consumer Price Index (March) April 12
Q1 GDP April 28
Nonfarm Payrolls (May) June 3
Consumer Price Index (May) June 10
FOMC Statement/Decision June 15
FOMC Statement/Decision May 4
Nonfarm Payrolls May 5
Consumer Price Index (April) May 11
6
-12.6
-8.9
-7.0 -5.9 -5.7 -5.4 -4.6
-2.4
-14.3
8.1
-11.4
1.2
6.9
-1.5
15.6
3.3
9.9
23.6
4.9
7.8
14.9
7.5
18.9
12.7
-20
-10
0
10
20
30
Equity Market Returns
Q1 2022 1-Year 3-Year
-11.9
-9.0
-8.4
-6.2
-2.6
-2.4
-2.4
-1.5
-1.0
4.8
39.0
-0.9
9.8
20.9
25.8
19.1
6.1
13.9
14.7
16.1
19.9
15.5
18.6
30.5
13.8
16.5
13.2
19.2
16.8
14.0
12.2
11.0
Comm. Svcs.
Cons. Disc.
Technology
Real Estate
Health Care
Industrials
Materials
Financials
Cons. Staples
Utilities
Energy
S&P 500 Sector Returns
Q1 2022 1-Year 3-Year
EQUITIES
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
Equity markets fell in Q1 amid geopolitical uncertainty, rising inflation, and ongoing
supply chain disruption. Domestic stocks outpaced international developed and
emerging markets stocks, defensive companies generally outpaced more cyclical
companies, and large caps outpaced small caps. Energy (which rose on oil supply
concerns) and Utilities (which have very predictable and resilient cash flows) were
the sole bright spots.
7
1 Year
& 20-year avg. P/E
-0.2%
(15.3x)
-10.8%
(26.8x)
-2.0%
(14.7x)
-12.8%
(40.5x)
12.9%
(13.7x)
5.8%
(18.5x)
6.2%
(17.0x)
-9.0%
(35.5x)
VALUE ў GROWTH
SM
A
L
L
ў
LA
R
G
E
VALUE ў GROWTH
SM
A
L
L
ў
LA
R
G
E
Returns pertain to Morningstar categories.
Valuations pertain to the Russell style indices.
Q1
& current forward P/E
Value stocks started 2022 on a strong note, as investors sold off Technology
stocks, whose rich valuations are being threatened by rising interest rates. Value
stocks (e.g. Financials), meanwhile, tend to benefit from rising rates. Q1 2022
marked value stocks’ strongest performance relative to growth stocks since the
early 2000s, but even still, value stocks are priced at historically attractive levels.
Stock market declines are common in most years. Since 1980, the average intra-
year decline has been 14% even though calendar year returns have been positive
76% of the time (32 out of 42 years).
EQUITIES
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
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1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022
S&P 500 Annual Returns
0
5
10
15
20
25
30
35
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Top Country Weighting - MSCI Emerging
Markets Index
(2016 – 2022)
12/31/2016 12/31/2021 2/28/2022
8
18%
Type your
desired text
here for
more.
FIXED INCOME
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
-6.2
-2.5
-9.2
0.0
-5.9
-4.8
-2.7
-10.6
-6.4
-3.0
-7.5
0.1
-4.2
-0.7
5.3
-1.5
Fixed Income Market Returns
Q1 2022
1-Year
0.1%0.4%
0.9%
1.7%
2.4%
0.4%
1.0%
1.3%1.5%
1.9%
1.6%
2.5%2.4%2.3%2.4%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
1 Yr 3 Yr 5 Yr 10 Yr 30 Yr
Yi
e
l
d
U.S. Treasury Yield Curve
Q1 2021
4Q 2021
1Q 2022
111111111111111111888888888888888888888%%%%%%%%%%%%%%%%%%%%%
U.S. Treasury 10–2 Year Spread: 1976 - 2020
US bonds experienced their worst quarter in more than 40 years, as yields rose following the
Fed’s first interest rate hike since 2018. Short-term rates rose further than longer term rates,
resulting in an inverted yield curve. This indicates that bond investors are nervous that
measures to combat inflation could tip the economy into recession. On the positive side, higher
interest rates lead to higher future returns forbondinvestors,whichmaybewelcomeafter
years of dismal yields.
9
•Catch-Up Contributions.All catch-up contributions would need to be
in Roth form. Employer matching contributions could electively
receive Roth treatment.
•Student Loan Payment.Would permit employers to make “matching”
contributions to the qualified plan based on employee repayment of
student loan debt.
•Part-Time Employee Eligibility.Would reduce the current rule (500
hours for three consecutive years) to two years.
•Eliminate Certain Notices to Unenrolled Participants.Certain notices
would not be required to be sent to eligible, but not participating
employees. Those employees would still be required to receive an
annual reminder of eligibility.
•Retirement Savings Lost and Found.Would create a national, lost
and found for Americans’ retirement accounts.
•Auto-Enrollment.For new retirement plans, would mandate
plans automatically enroll employees between 3% and 10%. It
would also require auto-increase of 1% annually until
employees were at 10%.
•403(b) Plan Investments.Would allow investment in collective
investment trusts (“CITs”).
•403(b) Multiple Employer Plans (MEP).Would specifically
authorize 403(b) MEPs, including the same relief provided
under the SECURE Act from the “one bad apple rule.”
•Required Minimum Distribution Ages.Would index the RMD
age to 73 in 2022, 74 in 2029 and 75 in 2032.
•Catch-Up Contribution Increases.For those aged 62-64, would
increase the current ($6,500) catch-up limit to $10,000. The
catch-up would need to be in Roth form.
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
LEGISLATIVE
Securing a Strong Retirement Act of 2022 Passed in House
In a rare bipartisan vote of 414-5, the SECURE 2.0 Act passed the House and heads to the Senate. Key retirement-related provisions in the bill
include:
REGULATORY
IRS Proposed Regulation: Required Minimum Distributions
•On February 24, 2022, the IRS published an exhaustive proposed regulation seeking to update rules around required minimum
distributions (RMDs) from most tax-qualified accounts. The regulation, in part, incorporates the new required beginning age of 72, but
does not address plans with in-service withdrawal provisions at age 70 ½ or changes to actuarial increases that occur for DB plans at
age 70 ½.
•The proposal also attempts to consolidate guidance from prior private letter rulings and elsewhere regarding identification of
beneficiaries, rules that apply depending on when the participant dies, and includes a new 10-year payment rule for beneficiaries.
•The IRS specifically asked for comments on 403(b) and 457(b) plans and how to further align rules for those accounts with other
defined contribution plan requirements. One such proposed change would be to require each contract to make a RMD rather than
allowing for choice in aggregating the RMD amount.
•The rules apply to distributions on or after January 1, 2022, and plans must be amended by the end of 2022 for compliance.
10
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
REGULATORY
IRS Proposed Rule: One Bad Apple
Continuing its theme of publishing regulations pursuant to the first SECURE Act, the
IRS published on March 25, 2022 a proposal on the so-called “One Bad Apple Rule”
(Unified Plan Rule) in Multiple Employer Plans (MEPs). Prior to the SECURE Act, if one
participating employer failed to act with regards to the plan, it could mean
disqualification for the MEP.
The proposal sets forth the technical procedure by which a plan administrator must
provide certain notices to the noncompliant, ”Unresponsive Participating Employer”
(UPE), before being able to remove the UPE from the MEP.
The IRS notes that good faith reliance on the proposed rule would be deemed to
satisfy Code Section 413(e) until the final rule is published.
DOL Crypto Guidance
On March 10, 2022, the DOL published Compliance Assistance Release 2022-01.
The guidance (important to note, this is not a regulation or law), puts forth the DOL’s
concerns around the prudence of offering cryptocurrency in retirement plans –
whether as a direct investment through the core lineup or through a self-directed
brokerage account. Specifically, the DOL points to the risks of fraud, theft, or loss for
the following reasons:
•Speculative and volatile investments
•Challenge for participants to make informed investment decisions
•Custodial and recordkeeping concerns
•Valuation concerns
•Evolving regulatory landscape
While not a law and not directly prohibiting crypto, the threat of DOL investigations is
likely to have a chilling effect on adoption. However, the guidance did not specifically
address indirect investment (e.g. through a registered product, like a mutual fund),
whether in the core lineup or in the SDBA.
11
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.
The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to the appropriate investing parties prior to any offer being made. Note:
Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges. Advisory services offered through SageView Advisory Group, LLC, a Registered Investment Advisor.
Advisory Services are only offered to clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in
place. 4000 MacArthur Blvd, Ste 1050, CA 92660 T 949.955-1395 For use with plan sponsors only.
LITIGATION
Hyatt
In an unusual case involving a bartender at a Hyatt hotel in Huntington Beach, California, a plaintiff is suing Hyatt to be able to defer
more to his 401(k). Due to a common practice for tipped employees to be paid out at the end of each shift in cash, the suit claims that
an insufficient amount is paid through payroll to proper reflect employee deferral elections. The case centers not on the settlor decision
in setting the plan terms for compensation, but what it alleges was an arbitrary decision on how to implement the settlor decision.
Kimberly Clark
A District Court has delayed ruling on a motion to dismiss and indirectly directed plaintiffs in the Kimberly Clark excessive fee case to
replead the complaint by a late April deadline or it will approve the defendant’s Motion to Dismiss. In part, at issue is whether a Board of
Directors can be sued independent of the corporation. This case is noteworthy, post Tibble and Northwestern,asitdemonstrates
defendants continue to try to end litigation in the pre-discovery phases.
L3 Harris
Demonstrating that there are still jumbo plans to be targeted, L3Harris’ $14.5 billion dollar plan was the subject of a fiduciary breach
lawsuit filed by Capozzi Adler, claiming among other things the plan utilized higher-cost K shares of the Fidelity Freedom target date
fundsinsteadofthelowest-costK6shareclasses.Regardlessofoutcome,itservesasagoodremindertounderstandanddocument
the share class selection of all underlying investments in the plan lineup.
Vanguard
Targeted in a new class action lawsuit, Vanguard is accused of creating “unprecedented” taxable gains for retail investors when it
reduced the minimum threshold for retirement plans to access its institutional funds from $100 million to $5 million. At least 15% of
the fund assets were liquidated to raise the cash for retirement plan assets moving from the retail shares to the institutional shares.
This created taxable gains that were born entirely by the retail investors left in the funds.
12
Section II
Portfolio Summary
Portfolio Return vs. Custom Benchmark
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Performance As Of March 31, 2022 3 Month YTD 1 Year 3 Year 5 Year
Std Dev
5 Yr
Prospectus
Exp Ratio
Clay County Utility Authority 401(a) Retirement Plan -4.63 -4.63 4.21 10.21 9.69 11.29 0.24
Clay County Utility Authority 401(a) Retirement Plan Custom Benchmark -4.15 -4.15 8.65 12.98 11.20 11.19 NA
Clay County Utility Authority 401(a) Retirement Plan Custom Category Averages
Benchmark
-4.17 -4.17 7.09 11.45 9.75 11.82 0.85
Institutional Portfolio 60-30-10 -4.87 -4.87 4.76 9.97 8.55 9.29 NA
MSCI World NR USD -5.15 -5.15 10.12 14.98 12.42 15.37 NA
1Industry Average Exp Ratio 1.04%. Based on plan assets $10Mil - $24.9Mil
1Industry Average Expense Ratio Source: 401(k) Averages Book, 20th Edition, published by HR
Investment Consultants
The Institutional Portfolio 60-30-10 consists of 60% MSCI World NR USD, 30% Bloomberg US Agg Bond
TR USD and 10% ICE BofA US 3M Trsy Bill TR USD
Benchmark Weight
S&P 500 TR USD 50.54%
ICE BofA US 3M Trsy Bill TR USD 15.09%
Morningstar Mod Con Tgt Risk TR USD 8.21%
Bloomberg US Agg Bond TR USD 4.25%
S&P Target Date 2025 TR USD 3.79%
S&P Target Date 2035 TR USD 2.26%
Russell 1000 Value TR USD 2.10%
S&P Target Date 2040 TR USD 2.05%
Russell 1000 Growth TR USD 1.64%
S&P Target Date 2020 TR USD 1.48%
S&P Target Date 2030 TR USD 1.06%
S&P Target Date 2045 TR USD 1.01%
MSCI EAFE NR USD 0.82%
Russell Mid Cap TR USD 0.76%
MSCI EM NR USD 0.61%
Bloomberg US Govt/Mortgage TR USD 0.60%
Bloomberg US HY 2% Issuer Cap TR USD 0.52%
Russell 2000 TR USD 0.49%
14
Section III
Investment Summary
Asset Allocation by Fund
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund % of Plan Assets Total Assets
Resources Diversified Equity Class 1 49.69%$5,831,809.22
Morley Stable Value Cl 25-I (852320183)15.09%$1,771,368.35
Resources Diversified Risk Mtgt Class 1 8.21%$963,237.06
T. Rowe Price Retirement I 2025 I 3.79%$444,490.63
Resources Diversified Fixed Inc Class 1 3.09%$362,749.07
T. Rowe Price Retirement I 2035 I 2.26%$265,487.50
Vanguard Equity-Income Adm 2.10%$246,662.85
T. Rowe Price Retirement I 2040 I 2.05%$241,108.46
T. Rowe Price Blue Chip Growth I 1.64%$192,280.50
T. Rowe Price Retirement I 2020 I 1.48%$173,505.84
Dodge & Cox Income 1.16%$135,661.68
T. Rowe Price Retirement I 2030 I 1.06%$124,654.75
T. Rowe Price Retirement I 2045 I 1.01%$117,957.60
Vanguard 500 Index Admiral 0.85%$99,411.04
Fidelity® International Index 0.82%$96,764.41
Fidelity® Mid Cap Index 0.76%$89,080.55
Invesco Developing Markets R6 0.61%$71,075.98
American Funds US Government Sec R6 0.60%$70,697.81
Lord Abbett High Yield R6 0.52%$61,509.76
Fidelity® Small Cap Index 0.49%$57,503.40
T. Rowe Price Retirement I 2050 I 0.45%$52,825.26
Delaware Ivy Mid Cap Growth I 0.45%$52,231.17
Federated Hermes MDT Small Cap Growth R6 0.35%$41,588.48
MFS Mid Cap Value R6 0.34%$39,768.67
T. Rowe Price Retirement I 2055 I 0.33%$38,419.82
DFA US Targeted Value I 0.31%$36,865.82
T. Rowe Price Retirement I 2060 I 0.31%$36,482.29
Fidelity® Real Estate Investment Port 0.12%$13,538.78
DFA World ex US Government Fxd Inc I 0.03%$3,415.16
T. Rowe Price Retirement I 2015 I 0.02%$1,908.89
T. Rowe Price Retirement I 2010 I 0.01%$1,319.09
T. Rowe Price Retirement I 2005 I 0.01%$1,308.83
Total Market Value:100.00%$11,736,688.72
16
Portfolio Composition
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Bonds 5.41%
Alternatives 8.22%
Asset Allocation 12.79%
Cash 15.11%
Stocks 58.47%
Cash Bonds Stocks
Alternatives Asset Allocation
International Stocks 1.43%
Domestic Bonds 5.38%
Alternatives 8.22%
Target Date 12.79%
Cash 15.11%
US Stocks 57.04%
Cash Domestic Bonds International Bonds
US Stocks International Stocks Alternatives
Target Date
17
Fund Performance Summary
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund
Benchmark
Category Asset Class (%) of Plan 3 Month YTD 1 Year
3 Years
Annualized
5 Years
Annualized
10 Years
Annualized
Expense
Ratio
SageView
Ranking
Morley Stable Value Cl 25-I (852320183)Stable Value 15.09%0.36 0.36 1.42 1.81 1.81 1.51 0.45 See Attached
ICE BofA US 3M Trsy Bill TR USD*0.04 0.04 0.06 0.81 1.13 0.63
Cat: Morningstar US SA Stable Value 0.32 0.32 1.35 1.72 1.75 1.66 0.59
American Funds US Government Sec R6 Intermediate Government 0.60%-3.66 -3.66 -1.44 2.96 2.53 2.15 0.22 TOP DEC
Bloomberg US Govt/Mortgage TR USD*-5.30 -5.30 -4.20 1.09 1.62 1.70
Cat: Morningstar Intermediate Government -4.79 -4.79 -4.58 0.86 1.21 1.30 0.68
Resources Diversified Fixed Inc Class 1 Intermediate Core Bond 3.09%-3.92 -3.92 -2.00 NA NA NA 0.25 NA
Bloomberg US Agg Bond TR USD*-5.93 -5.93 -4.15 1.69 2.14 2.24
Cat: Morningstar Intermediate Core Bond -5.88 -5.88 -4.43 1.66 2.04 2.21 0.59
Dodge & Cox Income Intermediate Core-Plus Bond 1.16%-5.20 -5.20 -3.64 2.85 3.01 3.21 0.42 TOP QUAR
Bloomberg US Agg Bond TR USD*-5.93 -5.93 -4.15 1.69 2.14 2.24
Cat: Morningstar Intermediate Core-Plus Bond -5.75 -5.75 -4.00 2.13 2.39 2.75 0.75
DFA World ex US Government Fxd Inc I World Bond-USD Hedged 0.03%-6.98 -6.98 -6.85 -0.57 1.70 3.06 0.20 3RD QUAR
Bloomberg Global Aggregate TR Hdg USD*-4.97 -4.97 -3.92 1.30 2.25 2.84
Cat: Morningstar World Bond-USD Hedged -5.23 -5.23 -4.73 1.29 1.93 2.35 0.74
Lord Abbett High Yield R6 High Yield Bond 0.52%-5.34 -5.34 -1.14 4.19 4.13 5.93 0.61 2ND QUAR
Bloomberg US HY 2% Issuer Cap TR USD*-4.82 -4.82 -0.66 4.56 4.68 5.74
Cat: Morningstar High Yield Bond -3.97 -3.97 -0.40 3.90 3.88 4.77 0.92
Vanguard Equity-Income Adm Large Value 2.10%1.14 1.14 15.45 13.92 11.92 12.45 0.19 TOP DEC
Russell 1000 Value TR USD*-0.74 -0.74 11.67 13.02 10.29 11.70
Cat: Morningstar Large Value -0.21 -0.21 12.90 13.55 10.82 11.24 0.92
Resources Diversified Equity Class 1 Large Blend 49.69%-5.13 -5.13 7.07 NA NA NA 0.13 NA
S&P 500 TR USD*-4.60 -4.60 15.65 18.92 15.99 14.64
Cat: Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80
*Investment Policy Benchmark
18
Fund Performance Summary
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund
Benchmark
Category Asset Class (%) of Plan 3 Month YTD 1 Year
3 Years
Annualized
5 Years
Annualized
10 Years
Annualized
Expense
Ratio
SageView
Ranking
Vanguard 500 Index Admiral Large Blend 0.85%-4.61 -4.61 15.60 18.89 15.95 14.60 0.04 Pass
S&P 500 TR USD*-4.60 -4.60 15.65 18.92 15.99 14.64
Cat: Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80
T. Rowe Price Blue Chip Growth I Large Growth 1.64%-12.38 -12.38 2.76 15.98 18.04 15.94 0.56 2ND QUAR
Russell 1000 Growth TR USD*-9.04 -9.04 14.98 23.60 20.88 17.04
Cat: Morningstar Large Growth -10.73 -10.73 5.74 18.76 17.62 14.63 0.97
MFS Mid Cap Value R6 Mid-Cap Value 0.34%-2.53 -2.53 12.56 15.10 11.23 12.34 0.64 TOP DEC
Russell Mid Cap Value TR USD*-1.82 -1.82 11.45 13.69 9.99 12.01
Cat: Morningstar Mid-Cap Value -0.86 -0.86 10.87 13.61 9.74 10.91 0.99
Fidelity® Mid Cap Index Mid-Cap Blend 0.76%-5.69 -5.69 6.88 14.88 12.61 12.83 0.03 Pass
Russell Mid Cap TR USD*-5.68 -5.68 6.92 14.89 12.62 12.85
Cat: Morningstar Mid-Cap Blend -5.05 -5.05 5.63 13.50 10.72 11.25 0.93
Delaware Ivy Mid Cap Growth I Mid-Cap Growth 0.45%-14.16 -14.16 -1.56 19.52 19.88 14.09 0.79 TOP DEC
Russell Mid Cap Growth TR USD*-12.58 -12.58 -0.89 14.81 15.10 13.52
Cat: Morningstar Mid-Cap Growth -12.35 -12.35 -4.00 15.34 14.79 12.63 1.06
DFA US Targeted Value I Small Value 0.31%-0.11 -0.11 10.82 15.94 9.98 11.70 0.29 TOP DEC
Russell 2000 Value TR USD*-2.40 -2.40 3.32 12.73 8.57 10.54
Cat: Morningstar Small Value -2.01 -2.01 6.19 13.19 8.46 9.92 1.16
Fidelity® Small Cap Index Small Blend 0.49%-7.47 -7.47 -5.85 11.80 9.84 11.20 0.03 Pass
Russell 2000 TR USD*-7.53 -7.53 -5.79 11.74 9.74 11.04
Cat: Morningstar Small Blend -6.27 -6.27 1.11 12.35 9.45 10.70 1.00
Federated Hermes MDT Small Cap Growth R6 Small Growth 0.35%-11.04 -11.04 0.09 13.24 12.46 13.26 0.88 2ND QUAR
Russell 2000 Growth TR USD*-12.63 -12.63 -14.33 9.88 10.33 11.21
Cat: Morningstar Small Growth -12.79 -12.79 -8.94 13.89 13.72 12.17 1.19
*Investment Policy Benchmark
19
Fund Performance Summary
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund
Benchmark
Category Asset Class (%) of Plan 3 Month YTD 1 Year
3 Years
Annualized
5 Years
Annualized
10 Years
Annualized
Expense
Ratio
SageView
Ranking
Fidelity® International Index Foreign Large Blend 0.82%-6.70 -6.70 0.51 7.65 6.68 6.31 0.04 Pass
MSCI EAFE NR USD*-5.91 -5.91 1.16 7.78 6.72 6.27
Cat: Morningstar Foreign Large Blend -7.04 -7.04 -1.60 7.26 6.27 5.87 0.93
Invesco Developing Markets R6 Diversified Emerging Mkts 0.61%-15.68 -15.68 -22.36 0.68 4.28 3.39 0.81 3RD QUAR
MSCI EM NR USD*-6.97 -6.97 -11.37 4.94 5.98 3.36
Cat: Morningstar Diversified Emerging Mkts -8.63 -8.63 -10.91 5.32 5.58 3.36 1.18
Fidelity® Real Estate Investment Port Real Estate 0.12%-5.87 -5.87 24.40 10.12 9.21 9.44 0.73 3RD QUAR
FTSE Nareit Equity REITs TR USD*-3.86 -3.86 26.49 11.12 9.63 9.81
Cat: Morningstar Real Estate -5.08 -5.08 21.83 10.99 9.23 9.18 1.05
Resources Diversified Risk Mtgt Class 1 Multistrategy 8.21%-7.05 -7.05 -3.09 NA NA NA 0.07 NA
Morningstar Mod Con Tgt Risk TR USD*-5.35 -5.35 0.36 6.74 6.27 5.66
Cat: Morningstar Multistrategy -1.15 -1.15 2.86 3.71 2.75 2.89 1.86
T. Rowe Price Retirement I 2005 I Target-Date 2000-2010 0.01%-4.53 -4.53 1.30 7.54 6.58 NA 0.34 TOP QUAR
S&P Target Date 2010 TR USD*-4.48 -4.48 1.14 6.39 5.81 5.51
Cat: Morningstar Target-Date 2000-2010 -4.51 -4.51 0.67 6.40 5.80 5.47 0.57
T. Rowe Price Retirement I 2010 I Target-Date 2000-2010 0.01%-4.75 -4.75 1.55 8.07 7.06 NA 0.34 TOP QUAR
S&P Target Date 2010 TR USD*-4.48 -4.48 1.14 6.39 5.81 5.51
Cat: Morningstar Target-Date 2000-2010 -4.51 -4.51 0.67 6.40 5.80 5.47 0.57
T. Rowe Price Retirement I 2015 I Target-Date 2015 0.02%-4.82 -4.82 1.81 8.70 7.65 NA 0.36 TOP QUAR
S&P Target Date 2015 TR USD*-4.58 -4.58 1.90 7.06 6.40 6.24
Cat: Morningstar Target-Date 2015 -4.87 -4.87 1.28 7.06 6.37 6.24 0.60
T. Rowe Price Retirement I 2020 I Target-Date 2020 1.48%-4.98 -4.98 2.05 9.32 8.36 NA 0.37 TOP QUAR
S&P Target Date 2020 TR USD*-4.72 -4.72 2.14 7.40 6.78 6.80
Cat: Morningstar Target-Date 2020 -5.19 -5.19 1.47 7.47 6.79 6.76 0.64
*Investment Policy Benchmark
20
Fund Performance Summary
As of 03/31/2022
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund
Benchmark
Category Asset Class (%) of Plan 3 Month YTD 1 Year
3 Years
Annualized
5 Years
Annualized
10 Years
Annualized
Expense
Ratio
SageView
Ranking
T. Rowe Price Retirement I 2025 I Target-Date 2025 3.79%-5.37 -5.37 2.29 10.28 9.18 NA 0.39 TOP QUAR
S&P Target Date 2025 TR USD*-4.83 -4.83 2.88 8.56 7.71 7.56
Cat: Morningstar Target-Date 2025 -5.47 -5.47 1.90 8.26 7.48 7.25 0.68
T. Rowe Price Retirement I 2030 I Target-Date 2030 1.06%-5.92 -5.92 2.64 11.21 9.97 NA 0.41 TOP QUAR
S&P Target Date 2030 TR USD*-4.93 -4.93 3.70 9.65 8.56 8.28
Cat: Morningstar Target-Date 2030 -5.72 -5.72 2.61 9.46 8.48 8.02 0.69
T. Rowe Price Retirement I 2035 I Target-Date 2035 2.26%-6.28 -6.28 2.95 12.04 10.65 NA 0.42 TOP DEC
S&P Target Date 2035 TR USD*-5.02 -5.02 4.73 10.90 9.50 8.99
Cat: Morningstar Target-Date 2035 -5.95 -5.95 3.37 10.61 9.36 8.75 0.70
T. Rowe Price Retirement I 2040 I Target-Date 2040 2.05%-6.60 -6.60 3.18 12.81 11.25 NA 0.43 TOP QUAR
S&P Target Date 2040 TR USD*-5.03 -5.03 5.48 11.78 10.15 9.50
Cat: Morningstar Target-Date 2040 -6.04 -6.04 4.00 11.45 9.97 9.27 0.71
T. Rowe Price Retirement I 2045 I Target-Date 2045 1.01%-6.75 -6.75 3.32 13.27 11.56 NA 0.44 TOP DEC
S&P Target Date 2045 TR USD*-5.02 -5.02 5.96 12.30 10.51 9.83
Cat: Morningstar Target-Date 2045 -6.16 -6.16 4.42 12.06 10.43 9.53 0.71
T. Rowe Price Retirement I 2050 I Target-Date 2050 0.45%-6.76 -6.76 3.39 13.31 11.60 NA 0.45 TOP QUAR
S&P Target Date 2050 TR USD*-5.02 -5.02 6.16 12.56 10.72 10.08
Cat: Morningstar Target-Date 2050 -6.20 -6.20 4.59 12.25 10.55 9.64 0.72
T. Rowe Price Retirement I 2055 I Target-Date 2055 0.33%-6.74 -6.74 3.44 13.32 11.61 NA 0.46 TOP DEC
S&P Target Date 2055 TR USD*-5.01 -5.01 6.24 12.65 10.80 10.25
Cat: Morningstar Target-Date 2055 -6.24 -6.24 4.64 12.38 10.66 9.75 0.71
T. Rowe Price Retirement I 2060 I Target-Date 2060 0.31%-6.74 -6.74 3.40 13.34 11.61 NA 0.46 TOP QUAR
S&P Target Date 2060+ TR USD*-5.02 -5.02 6.16 12.68 10.87 10.30
Cat: Morningstar Target-Date 2060 -6.21 -6.21 4.76 12.45 10.72 10.24 0.72
*Investment Policy Benchmark
21
Addition/Replacements
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund
PeerGroup
Idx
% of
Assets 3 Month YTD 1 Year
3 Years
Annualized
5 Years
Annualized
10 Years
Annualized
Expense
Ratio Ticker
SageView
Rank
Current Investment
DFA World ex US Government Fxd Inc I 0.03 -6.98 -6.98 -6.85 -0.57 1.70 3.06 0.20 DWFIX 68
Alternative investment for consideration
BrandywineGLOBAL Global Opp Bd USDH IS --2.74 -2.74 -2.72 4.21 --0.62 GLOBX 3
Cat. Avg. : Morningstar World Bond-USD Hedged -5.23 -5.23 -4.73 1.29 1.93 2.35 0.74
Idx : Bloomberg Global Aggregate TR Hdg USD -4.97 -4.97 -3.92 1.30 2.25 2.84
Current Investment
Resources Diversified Equity Class 1 49.69 -5.13 -5.13 7.07 ---0.13 --
Alternative investment for consideration
Fidelity® 500 Index --4.60 -4.60 15.63 18.91 15.98 14.62 0.02 FXAIX Pass
Cat. Avg. : Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80
Idx : S&P 500 TR USD -4.60 -4.60 15.65 18.92 15.99 14.64
Current Investment
Fidelity® Real Estate Investment Port 0.12 -5.87 -5.87 24.40 10.12 9.21 9.44 0.73 FRESX 69
Alternative investment for consideration
Principal Real Estate Securities Fd R-6 --5.18 -5.18 23.82 12.78 11.61 10.88 0.80 PFRSX 7
Cat. Avg. : Morningstar Real Estate -5.08 -5.08 21.83 10.99 9.23 9.18 1.05
Idx : FTSE Nareit Equity REITs TR USD -3.86 -3.86 26.49 11.12 9.63 9.81
= Current = Addition = Alternative
22
Fund Score Summary
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
# of Funds Average
SageView Score
Total Available Standalone Investments 32 21
Core Investments 20 27
Asset Allocation Investments 12 14
23
Fund Score Summary
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund Name Ticker
Total
Return
Composite
Ranking
Rolling 12
Mo Perf.
(5 Yrs.)
RSquared
(3 Yrs)
Modified
Sharpe
Ratio
(36 Mos.)
Alpha
(60 Mos.)
Up Capture
Ratio
(10 Yrs.)
Down
Capture
Ratio
(10 Yrs.)
Batting
Average
(10 Yrs.)
Expense
Ratio
SageView
Normalized
Ranking
American Funds US Government Sec R6 RGVGX 2%26%52%2%2%13%52%13%8%3%
Resources Diversified Fixed Inc Class 1 NA NA NA NA NA NA NA NA NA NA NA
Dodge & Cox Income DODIX 22%34%58%12%14%79%10%28%19%13%
DFA World ex US Government Fxd Inc I DWFIX 76%46%2%99%89%1%96%42%5%68%
Lord Abbett High Yield R6 LHYVX 42%47%46%66%81%4%77%2%23%43%
Vanguard Equity-Income Adm VEIRX 26%41%20%19%15%76%12%41%3%7%
Resources Diversified Equity Class 1 NA NA NA NA NA NA NA NA NA NA NA
T. Rowe Price Blue Chip Growth I TBCIX 56%51%27%78%51%22%55%47%14%49%
MFS Mid Cap Value R6 MVCKX 20%32%7%18%12%45%28%11%12%4%
Delaware Ivy Mid Cap Growth I IYMIX 15%23%18%12%7%26%44%24%23%3%
DFA US Targeted Value I DFFVX 18%44%11%20%30%12%77%1%2%7%
Federated Hermes MDT Small Cap Growth R6 QLSGX 45%61%10%52%71%20%62%39%24%40%
Invesco Developing Markets R6 ODVIX 75%44%54%91%68%68%31%31%15%64%
Fidelity® Real Estate Investment Port FRESX 68%58%56%80%74%38%71%32%16%69%
Resources Diversified Risk Mtgt Class 1 NA NA NA NA NA NA NA NA NA NA NA
T. Rowe Price Retirement I 2005 I TRPFX 16%30%53%37%45%23%42%9%28%17%
T. Rowe Price Retirement I 2010 I TRPAX 8%22%35%32%41%10%85%1%28%13%
T. Rowe Price Retirement I 2015 I TRFGX 10%25%51%38%40%8%78%1%33%14%
T. Rowe Price Retirement I 2020 I TRBRX 9%24%46%47%37%2%92%2%33%22%
T. Rowe Price Retirement I 2025 I TRPHX 9%24%51%42%27%4%88%5%35%20%
T. Rowe Price Retirement I 2030 I TRPCX 11%25%38%38%25%8%83%10%36%15%
T. Rowe Price Retirement I 2035 I TRPJX 18%27%51%31%18%17%56%7%38%10%
T. Rowe Price Retirement I 2040 I TRPDX 22%28%57%31%16%15%53%5%37%13%
24
Fund Score Summary
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund Name Ticker
Total
Return
Composite
Ranking
Rolling 12
Mo Perf.
(5 Yrs.)
RSquared
(3 Yrs)
Modified
Sharpe
Ratio
(36 Mos.)
Alpha
(60 Mos.)
Up Capture
Ratio
(10 Yrs.)
Down
Capture
Ratio
(10 Yrs.)
Batting
Average
(10 Yrs.)
Expense
Ratio
SageView
Normalized
Ranking
T. Rowe Price Retirement I 2045 I TRPKX 19%28%63%27%12%20%41%3%40%9%
T. Rowe Price Retirement I 2050 I TRPMX 19%28%70%27%12%32%30%3%40%12%
T. Rowe Price Retirement I 2055 I TRPNX 19%29%72%23%10%47%24%5%43%10%
T. Rowe Price Retirement I 2060 I TRPLX 23%31%77%24%12%51%25%10%42%16%
25
IPS Historical Ranking
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund Name 06/2019 09/2019 12/2019 03/2020 06/2020 09/2020 12/2020 03/2021 06/2021 09/2021 12/2021 03/2022
Morley Stable Value Cl 25-I (852320183)NA NA NA NA NA NA NA NA NA NA NA NA
American Funds US Government Sec R6 2ND QUAR 2ND QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC
Resources Diversified Fixed Inc Class 1 NA NA NA NA NA NA NA NA NA NA NA NA
Dodge & Cox Income TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR
DFA World ex US Government Fxd Inc I TOP QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR
Lord Abbett High Yield R6 TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR
Vanguard Equity-Income Adm TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC
Resources Diversified Equity Class 1 NA NA NA NA NA NA NA NA NA NA NA NA
Vanguard 500 Index Admiral Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass
T. Rowe Price Blue Chip Growth I TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR
MFS Mid Cap Value R6 TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC
Fidelity® Mid Cap Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass
Delaware Ivy Mid Cap Growth I 2ND QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC
DFA US Targeted Value I 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC
Fidelity® Small Cap Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass
Federated Hermes MDT Small Cap Growth R6 TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR 2ND QUAR
Fidelity® International Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass
Invesco Developing Markets R6 TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR 3RD QUAR
Fidelity® Real Estate Investment Port TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR 3RD QUAR
Resources Diversified Risk Mtgt Class 1 NA NA NA NA NA NA NA NA NA NA NA NA
T. Rowe Price Retirement I 2005 I TOP DEC TOP DEC TOP DEC 3RD QUAR 3RD QUAR 3RD QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR
T. Rowe Price Retirement I 2010 I TOP DEC TOP DEC TOP DEC 3RD QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR
T. Rowe Price Retirement I 2015 I TOP DEC TOP DEC TOP DEC 3RD QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR 2ND QUAR TOP QUAR
T. Rowe Price Retirement I 2020 I TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR TOP QUAR
T. Rowe Price Retirement I 2025 I TOP DEC TOP DEC TOP DEC 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR
26
IPS Historical Ranking
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Fund Name 06/2019 09/2019 12/2019 03/2020 06/2020 09/2020 12/2020 03/2021 06/2021 09/2021 12/2021 03/2022
T. Rowe Price Retirement I 2030 I TOP DEC TOP DEC TOP DEC 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP QUAR TOP QUAR
T. Rowe Price Retirement I 2035 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC
T. Rowe Price Retirement I 2040 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR
T. Rowe Price Retirement I 2045 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC
T. Rowe Price Retirement I 2050 I TOP DEC TOP QUAR TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR
T. Rowe Price Retirement I 2055 I TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC
T. Rowe Price Retirement I 2060 I TOP QUAR TOP QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP QUAR
27
American Funds US Government Sec R6 RGVGX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Intermediate Government
March 31, 2022
Intermediate Government Universe: 249 Funds
Performance Ranking Ranking
Total Return Composite Ranking 1.85%
10 Year 2.00%
5 Year 2.00%
3 Year 2.00%
1 Year 1.00%
Rolling 12 Month - 5 Years 26.37%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 2.00%
Alpha - 60 Months 2.00%
Up Capture Ratio - 10 Years 13.00%
Down Capture Ratio - 10 Years 52.00%
Batting Average - 10 Years 13.00%
Fund Expense Ranking
Expense Ratio 0.22 8.00%
Style Consistency Ranking
Style Consistency to Benchmark
Bloomberg US Govt/Mortgage TR USD R2 52.00%
SageView Normalized Ranking
SageView Normalized Ranking 3.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
3%
28
Dodge & Cox Income DODIX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Intermediate Core-Plus Bond
March 31, 2022
Intermediate Core-Plus Bond Universe: 803 Funds
Performance Ranking Ranking
Total Return Composite Ranking 21.90%
10 Year 21.00%
5 Year 19.00%
3 Year 21.00%
1 Year 33.00%
Rolling 12 Month - 5 Years 34.43%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 12.00%
Alpha - 60 Months 14.00%
Up Capture Ratio - 10 Years 79.00%
Down Capture Ratio - 10 Years 10.00%
Batting Average - 10 Years 28.00%
Fund Expense Ranking
Expense Ratio 0.42 19.00%
Style Consistency Ranking
Style Consistency to Benchmark
Bloomberg US Agg Bond TR USD R2 58.00%
SageView Normalized Ranking
SageView Normalized Ranking 13.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
13%
29
DFA World ex US Government Fxd Inc I DWFIX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - World Bond-USD Hedged
March 31, 2022
World Bond-USD Hedged Universe: 123 Funds
Performance Ranking Ranking
Total Return Composite Ranking 76.20%
10 Year 30.00%
5 Year 74.00%
3 Year 96.00%
1 Year 96.00%
Rolling 12 Month - 5 Years 46.45%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 99.00%
Alpha - 60 Months 89.00%
Up Capture Ratio - 10 Years 1.00%
Down Capture Ratio - 10 Years 96.00%
Batting Average - 10 Years 42.00%
Fund Expense Ranking
Expense Ratio 0.2 5.00%
Style Consistency Ranking
Style Consistency to Benchmark
Bloomberg Global Aggregate TR Hdg USD R2 2.00%
SageView Normalized Ranking
SageView Normalized Ranking 68.00%
STATUS 3rd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
68%
30
BrandywineGLOBAL Global Opp Bd USDH IS GLOBX
Alternative
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - World Bond-USD Hedged
March 31, 2022
World Bond-USD Hedged Universe: 123 Funds
Performance Ranking Ranking
Total Return Composite Ranking 1.50%
10 Year NA
5 Year NA
3 Year 1.00%
1 Year 3.00%
Rolling 12 Month - 5 Years 12.04%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 1.00%
Alpha - 60 Months 1.00%
Up Capture Ratio - 10 Years 19.00%
Down Capture Ratio - 10 Years 7.00%
Batting Average - 10 Years 11.00%
Fund Expense Ranking
Expense Ratio 0.62 37.00%
Style Consistency Ranking
Style Consistency to Benchmark
Bloomberg Global Aggregate TR Hdg USD R2 90.00%
SageView Normalized Ranking
SageView Normalized Ranking 3.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
3%
31
Lord Abbett High Yield R6 LHYVX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - High Yield Bond
March 31, 2022
High Yield Bond Universe: 744 Funds
Performance Ranking Ranking
Total Return Composite Ranking 42.25%
10 Year 9.00%
5 Year 42.00%
3 Year 43.00%
1 Year 75.00%
Rolling 12 Month - 5 Years 46.88%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 66.00%
Alpha - 60 Months 81.00%
Up Capture Ratio - 10 Years 4.00%
Down Capture Ratio - 10 Years 77.00%
Batting Average - 10 Years 2.00%
Fund Expense Ranking
Expense Ratio 0.61 23.00%
Style Consistency Ranking
Style Consistency to Benchmark
Bloomberg US HY 2% Issuer Cap TR USD R2 46.00%
SageView Normalized Ranking
SageView Normalized Ranking 43.00%
STATUS 2nd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
43%
32
Vanguard Equity-Income Adm VEIRX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Large Value
March 31, 2022
Large Value Universe: 1351 Funds
Performance Ranking Ranking
Total Return Composite Ranking 25.70%
10 Year 16.00%
5 Year 24.00%
3 Year 41.00%
1 Year 15.00%
Rolling 12 Month - 5 Years 40.76%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 19.00%
Alpha - 60 Months 15.00%
Up Capture Ratio - 10 Years 76.00%
Down Capture Ratio - 10 Years 12.00%
Batting Average - 10 Years 41.00%
Fund Expense Ranking
Expense Ratio 0.19 3.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell 1000 Value TR USD R2 20.00%
SageView Normalized Ranking
SageView Normalized Ranking 7.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
7%
33
T. Rowe Price Blue Chip Growth I TBCIX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Large Growth
March 31, 2022
Large Growth Universe: 1454 Funds
Performance Ranking Ranking
Total Return Composite Ranking 55.75%
10 Year 21.00%
5 Year 47.00%
3 Year 82.00%
1 Year 73.00%
Rolling 12 Month - 5 Years 51.12%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 78.00%
Alpha - 60 Months 51.00%
Up Capture Ratio - 10 Years 22.00%
Down Capture Ratio - 10 Years 55.00%
Batting Average - 10 Years 47.00%
Fund Expense Ranking
Expense Ratio 0.56 14.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell 1000 Growth TR USD R2 27.00%
SageView Normalized Ranking
SageView Normalized Ranking 49.00%
STATUS 2nd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
49%
34
MFS Mid Cap Value R6 MVCKX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Mid-Cap Value
March 31, 2022
Mid-Cap Value Universe: 504 Funds
Performance Ranking Ranking
Total Return Composite Ranking 19.95%
10 Year 12.00%
5 Year 15.00%
3 Year 24.00%
1 Year 36.00%
Rolling 12 Month - 5 Years 32.18%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 18.00%
Alpha - 60 Months 12.00%
Up Capture Ratio - 10 Years 45.00%
Down Capture Ratio - 10 Years 28.00%
Batting Average - 10 Years 11.00%
Fund Expense Ranking
Expense Ratio 0.64 12.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell Mid Cap Value TR USD R2 7.00%
SageView Normalized Ranking
SageView Normalized Ranking 4.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
4%
35
Delaware Ivy Mid Cap Growth I IYMIX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Mid-Cap Growth
March 31, 2022
Mid-Cap Growth Universe: 726 Funds
Performance Ranking Ranking
Total Return Composite Ranking 14.80%
10 Year 23.00%
5 Year 8.00%
3 Year 7.00%
1 Year 40.00%
Rolling 12 Month - 5 Years 23.29%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 12.00%
Alpha - 60 Months 7.00%
Up Capture Ratio - 10 Years 26.00%
Down Capture Ratio - 10 Years 44.00%
Batting Average - 10 Years 24.00%
Fund Expense Ranking
Expense Ratio 0.79 23.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell Mid Cap Growth TR USD R2 18.00%
SageView Normalized Ranking
SageView Normalized Ranking 3.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
3%
36
DFA US Targeted Value I DFFVX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Small Value
March 31, 2022
Small Value Universe: 528 Funds
Performance Ranking Ranking
Total Return Composite Ranking 18.25%
10 Year 16.00%
5 Year 21.00%
3 Year 16.00%
1 Year 16.00%
Rolling 12 Month - 5 Years 44.37%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 20.00%
Alpha - 60 Months 30.00%
Up Capture Ratio - 10 Years 12.00%
Down Capture Ratio - 10 Years 77.00%
Batting Average - 10 Years 1.00%
Fund Expense Ranking
Expense Ratio 0.29 2.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell 2000 Value TR USD R2 11.00%
SageView Normalized Ranking
SageView Normalized Ranking 7.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
7%
37
Federated Hermes MDT Small Cap Growth R6 QLSGX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Small Growth
March 31, 2022
Small Growth Universe: 731 Funds
Performance Ranking Ranking
Total Return Composite Ranking 44.95%
10 Year 27.00%
5 Year 62.00%
3 Year 46.00%
1 Year 10.00%
Rolling 12 Month - 5 Years 61.47%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 52.00%
Alpha - 60 Months 71.00%
Up Capture Ratio - 10 Years 20.00%
Down Capture Ratio - 10 Years 62.00%
Batting Average - 10 Years 39.00%
Fund Expense Ranking
Expense Ratio 0.88 24.00%
Style Consistency Ranking
Style Consistency to Benchmark
Russell 2000 Growth TR USD R2 10.00%
SageView Normalized Ranking
SageView Normalized Ranking 40.00%
STATUS 2nd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
40%
38
Invesco Developing Markets R6 ODVIX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Diversified Emerging Mkts
March 31, 2022
Diversified Emerging Mkts Universe: 881 Funds
Performance Ranking Ranking
Total Return Composite Ranking 74.80%
10 Year 48.00%
5 Year 70.00%
3 Year 91.00%
1 Year 89.00%
Rolling 12 Month - 5 Years 44.10%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 91.00%
Alpha - 60 Months 68.00%
Up Capture Ratio - 10 Years 68.00%
Down Capture Ratio - 10 Years 31.00%
Batting Average - 10 Years 31.00%
Fund Expense Ranking
Expense Ratio 0.81 15.00%
Style Consistency Ranking
Style Consistency to Benchmark
MSCI EM NR USD R2 54.00%
SageView Normalized Ranking
SageView Normalized Ranking 64.00%
STATUS 3rd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
64%
39
Fidelity® Real Estate Investment Port FRESX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Real Estate
March 31, 2022
Real Estate Universe: 296 Funds
Performance Ranking Ranking
Total Return Composite Ranking 68.05%
10 Year 56.00%
5 Year 73.00%
3 Year 79.00%
1 Year 47.00%
Rolling 12 Month - 5 Years 57.51%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 80.00%
Alpha - 60 Months 74.00%
Up Capture Ratio - 10 Years 38.00%
Down Capture Ratio - 10 Years 71.00%
Batting Average - 10 Years 32.00%
Fund Expense Ranking
Expense Ratio 0.73 16.00%
Style Consistency Ranking
Style Consistency to Benchmark
FTSE Nareit Equity REITs TR USD R2 56.00%
SageView Normalized Ranking
SageView Normalized Ranking 69.00%
STATUS 3rd QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
69%
40
Principal Real Estate Securities Fd R-6 PFRSX
Alternative
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Real Estate
March 31, 2022
Real Estate Universe: 296 Funds
Performance Ranking Ranking
Total Return Composite Ranking 27.55%
10 Year 9.00%
5 Year 18.00%
3 Year 40.00%
1 Year 54.00%
Rolling 12 Month - 5 Years 29.86%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 36.00%
Alpha - 60 Months 18.00%
Up Capture Ratio - 10 Years 26.00%
Down Capture Ratio - 10 Years 20.00%
Batting Average - 10 Years 3.00%
Fund Expense Ranking
Expense Ratio 0.8 25.00%
Style Consistency Ranking
Style Consistency to Benchmark
FTSE Nareit Equity REITs TR USD R2 27.00%
SageView Normalized Ranking
SageView Normalized Ranking 7.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
7%
41
T. Rowe Price Retirement I 2005 I TRPFX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2000-2010
March 31, 2022
Target-Date 2000-2010 Universe: 272 Funds
Performance Ranking Ranking
Total Return Composite Ranking 16.25%
10 Year NA
5 Year 14.00%
3 Year 14.00%
1 Year 29.00%
Rolling 12 Month - 5 Years 30.12%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 37.00%
Alpha - 60 Months 45.00%
Up Capture Ratio - 10 Years 23.00%
Down Capture Ratio - 10 Years 42.00%
Batting Average - 10 Years 9.00%
Fund Expense Ranking
Expense Ratio 0.34 28.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2010 TR USD R2 53.00%
SageView Normalized Ranking
SageView Normalized Ranking 17.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
17%
42
T. Rowe Price Retirement I 2010 I TRPAX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2000-2010
March 31, 2022
Target-Date 2000-2010 Universe: 272 Funds
Performance Ranking Ranking
Total Return Composite Ranking 7.85%
10 Year NA
5 Year 5.00%
3 Year 6.00%
1 Year 22.00%
Rolling 12 Month - 5 Years 21.86%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 32.00%
Alpha - 60 Months 41.00%
Up Capture Ratio - 10 Years 10.00%
Down Capture Ratio - 10 Years 85.00%
Batting Average - 10 Years 1.00%
Fund Expense Ranking
Expense Ratio 0.34 28.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2010 TR USD R2 35.00%
SageView Normalized Ranking
SageView Normalized Ranking 13.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
13%
43
T. Rowe Price Retirement I 2015 I TRFGX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2015
March 31, 2022
Target-Date 2015 Universe: 270 Funds
Performance Ranking Ranking
Total Return Composite Ranking 10.00%
10 Year NA
5 Year 7.00%
3 Year 6.00%
1 Year 29.00%
Rolling 12 Month - 5 Years 24.88%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 38.00%
Alpha - 60 Months 40.00%
Up Capture Ratio - 10 Years 8.00%
Down Capture Ratio - 10 Years 78.00%
Batting Average - 10 Years 1.00%
Fund Expense Ranking
Expense Ratio 0.36 33.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2015 TR USD R2 51.00%
SageView Normalized Ranking
SageView Normalized Ranking 14.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
14%
44
T. Rowe Price Retirement I 2020 I TRBRX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2020
March 31, 2022
Target-Date 2020 Universe: 358 Funds
Performance Ranking Ranking
Total Return Composite Ranking 9.15%
10 Year NA
5 Year 6.00%
3 Year 6.00%
1 Year 27.00%
Rolling 12 Month - 5 Years 24.14%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 47.00%
Alpha - 60 Months 37.00%
Up Capture Ratio - 10 Years 2.00%
Down Capture Ratio - 10 Years 92.00%
Batting Average - 10 Years 2.00%
Fund Expense Ranking
Expense Ratio 0.37 33.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2020 TR USD R2 46.00%
SageView Normalized Ranking
SageView Normalized Ranking 22.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
22%
45
T. Rowe Price Retirement I 2025 I TRPHX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2025
March 31, 2022
Target-Date 2025 Universe: 480 Funds
Performance Ranking Ranking
Total Return Composite Ranking 9.35%
10 Year NA
5 Year 5.00%
3 Year 5.00%
1 Year 34.00%
Rolling 12 Month - 5 Years 23.82%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 42.00%
Alpha - 60 Months 27.00%
Up Capture Ratio - 10 Years 4.00%
Down Capture Ratio - 10 Years 88.00%
Batting Average - 10 Years 5.00%
Fund Expense Ranking
Expense Ratio 0.39 35.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2025 TR USD R2 51.00%
SageView Normalized Ranking
SageView Normalized Ranking 20.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
20%
46
T. Rowe Price Retirement I 2030 I TRPCX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2030
March 31, 2022
Target-Date 2030 Universe: 451 Funds
Performance Ranking Ranking
Total Return Composite Ranking 11.15%
10 Year NA
5 Year 5.00%
3 Year 6.00%
1 Year 44.00%
Rolling 12 Month - 5 Years 25.29%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 38.00%
Alpha - 60 Months 25.00%
Up Capture Ratio - 10 Years 8.00%
Down Capture Ratio - 10 Years 83.00%
Batting Average - 10 Years 10.00%
Fund Expense Ranking
Expense Ratio 0.41 36.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2030 TR USD R2 38.00%
SageView Normalized Ranking
SageView Normalized Ranking 15.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
15%
47
T. Rowe Price Retirement I 2035 I TRPJX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2035
March 31, 2022
Target-Date 2035 Universe: 473 Funds
Performance Ranking Ranking
Total Return Composite Ranking 18.45%
10 Year NA
5 Year 9.00%
3 Year 14.00%
1 Year 62.00%
Rolling 12 Month - 5 Years 27.41%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 31.00%
Alpha - 60 Months 18.00%
Up Capture Ratio - 10 Years 17.00%
Down Capture Ratio - 10 Years 56.00%
Batting Average - 10 Years 7.00%
Fund Expense Ranking
Expense Ratio 0.42 38.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2035 TR USD R2 51.00%
SageView Normalized Ranking
SageView Normalized Ranking 10.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
10%
48
T. Rowe Price Retirement I 2040 I TRPDX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2040
March 31, 2022
Target-Date 2040 Universe: 443 Funds
Performance Ranking Ranking
Total Return Composite Ranking 21.65%
10 Year NA
5 Year 11.00%
3 Year 17.00%
1 Year 70.00%
Rolling 12 Month - 5 Years 28.24%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 31.00%
Alpha - 60 Months 16.00%
Up Capture Ratio - 10 Years 15.00%
Down Capture Ratio - 10 Years 53.00%
Batting Average - 10 Years 5.00%
Fund Expense Ranking
Expense Ratio 0.43 37.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2040 TR USD R2 57.00%
SageView Normalized Ranking
SageView Normalized Ranking 13.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
13%
49
T. Rowe Price Retirement I 2045 I TRPKX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2045
March 31, 2022
Target-Date 2045 Universe: 473 Funds
Performance Ranking Ranking
Total Return Composite Ranking 19.25%
10 Year NA
5 Year 8.00%
3 Year 11.00%
1 Year 77.00%
Rolling 12 Month - 5 Years 27.67%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 27.00%
Alpha - 60 Months 12.00%
Up Capture Ratio - 10 Years 20.00%
Down Capture Ratio - 10 Years 41.00%
Batting Average - 10 Years 3.00%
Fund Expense Ranking
Expense Ratio 0.44 40.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2045 TR USD R2 63.00%
SageView Normalized Ranking
SageView Normalized Ranking 9.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
9%
50
T. Rowe Price Retirement I 2050 I TRPMX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2050
March 31, 2022
Target-Date 2050 Universe: 442 Funds
Performance Ranking Ranking
Total Return Composite Ranking 18.65%
10 Year NA
5 Year 8.00%
3 Year 11.00%
1 Year 73.00%
Rolling 12 Month - 5 Years 28.39%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 27.00%
Alpha - 60 Months 12.00%
Up Capture Ratio - 10 Years 32.00%
Down Capture Ratio - 10 Years 30.00%
Batting Average - 10 Years 3.00%
Fund Expense Ranking
Expense Ratio 0.45 40.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2050 TR USD R2 70.00%
SageView Normalized Ranking
SageView Normalized Ranking 12.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
12%
51
T. Rowe Price Retirement I 2055 I TRPNX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2055
March 31, 2022
Target-Date 2055 Universe: 463 Funds
Performance Ranking Ranking
Total Return Composite Ranking 19.25%
10 Year NA
5 Year 8.00%
3 Year 13.00%
1 Year 73.00%
Rolling 12 Month - 5 Years 29.00%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 23.00%
Alpha - 60 Months 10.00%
Up Capture Ratio - 10 Years 47.00%
Down Capture Ratio - 10 Years 24.00%
Batting Average - 10 Years 5.00%
Fund Expense Ranking
Expense Ratio 0.46 43.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2055 TR USD R2 72.00%
SageView Normalized Ranking
SageView Normalized Ranking 10.00%
STATUS TOP DECILE
Top
Score
10%25%50%75%
Bottom
Score
10%
52
T. Rowe Price Retirement I 2060 I TRPLX
No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary. This information is provided as an informal report; no warranties as to the accuracy or
content are implied or expressed. The information above must be interpreted in the context of, and is qualified by, all the information contained in the prospectuses, where applicable, which have been or will be delivered to
the appropriate investing parties prior to any offer being made. Note: Sector Weighting and/or Credit Analysis data reflect most current information available. securities offered through Cetera Advisor Networks, member
SIPC. SageView is not affiliated with Cetera Advisor Networks. Fund returns shown are net of fund expenses and sales charges.
Ranking Vs. Peers - Target-Date 2060
March 31, 2022
Target-Date 2060 Universe: 403 Funds
Performance Ranking Ranking
Total Return Composite Ranking 22.65%
10 Year NA
5 Year 12.00%
3 Year 16.00%
1 Year 75.00%
Rolling 12 Month - 5 Years 30.57%
Ratio Statistics Ranking
Modified Sharpe Ratio - 36 Months 24.00%
Alpha - 60 Months 12.00%
Up Capture Ratio - 10 Years 51.00%
Down Capture Ratio - 10 Years 25.00%
Batting Average - 10 Years 10.00%
Fund Expense Ranking
Expense Ratio 0.46 42.00%
Style Consistency Ranking
Style Consistency to Benchmark
S&P Target Date 2060+ TR USD R2 77.00%
SageView Normalized Ranking
SageView Normalized Ranking 16.00%
STATUS TOP QUARTILE
Top
Score
10%25%50%75%
Bottom
Score
16%
53
11:00 am
Automating Healthy
Financial Habits
Simplify your finances by using the
power of automation to save more
for emergencies, retirement and
other financial goals.
Ken Barnes
SageView Presents:
Money Matters
Join SageView for our annual two-part webinar series hosted by our National Education Team as we cover six essential financial topics
everyone should know. Each 60-minute workshop will have three webinars led by experienced SageView advisors. After each session you’ll
receive a one-page flyer with key concepts for you to keep!
Your can join us for the whole workshop or just attend specific sessions -- it’s up to you!
SPRING WORKSHOP FALL WORKSHOP
Debt Management and
Prioritizing Your Savings
How much should you put
toward your retirement plan versus
HSAs/FSAs, emergency savings and
paying off debt? We’ll walk you
through how to prioritize your savings
and build a plan.
11:40 am
Jack Lockwood
Tuesday, April 12, 2022
11:00 am PDT / 2:00 pm ET
Tuesday, October 4, 2022
11:00 am PDT / 2:00 pm ET
SageView Advisory Group, LLC is a Registered Investment Adviser. This flyer is for informational purposes only and is not a solicitation to invest. Advisory services are only offered to clients or prospective clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future results. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in place.
Target-Date Funds
Do it myself or do it for me? A deep
dive into understanding Target-Date
Funds and all the investment
options in your retirement plan.
11:20 am
Susan Hajek
11:00 am Cybersecurity and your
Finances
Aware and prepared: Protect your
assets, your future and yourself.
Tina Chambers
Taxes in Retirement
After your last paycheck, taxes don’t
retire: Strategies for drawing down
assets in retirement.
11:40 am
Margarita Cross
Countdown to Retirement
Run the numbers to make sure
you’re financially ready to retire,
including your net worth,
emergency savings and all
retirement income sources.
11:20 am
Matt Hammonds
SageView Presents:
Money Matters
LEARN ABOUT THE
SAVER’S TAX CREDIT
and plan ahead for 2022!
CREDIT RATE MARRIED FILING JOINTLY HEAD OF HOUSEHOLD ALL OTHER FILERS*
50% of your contribution AGI not more than $39,500 AGI not more than $29,625 AGI not more than $19,750
20% of your contribution $39,501 -$43,000 $29,626 -$32,250 $19,751 -$21,500
10% of your contribution $43,001 -$66,000 $32,251 -$49,500 $21,501 -$33,000
0% of your contribution More than $66,000 More than $49,500 More than $33,000
CREDIT RATE MARRIED FILING JOINTLY HEAD OF HOUSEHOLD ALL OTHER FILERS*
50% of your contribution AGI not more than $41,000 AGI not more than $30,750 AGI not more than $20,500
20% of your contribution $41,001 -$44,000 $30,751 -$33,000 $20,501 -$22,000
10% of your contribution $44,001 -$68,000 $33,001 -$51,000 $22,001 -$34,000
0% of your contribution More than $68,000 More than $51,000 More than $34,000
2021 SAVER’S CREDIT
2022 SAVER’S CREDIT
WHAT IS THE SAVER’S TAX CREDIT?
Also referred to as the Retirement Savings Contributions Credit
by the Internal Revenue Service (IRS),the Saver’s Tax Credit is a
non-refundable credit that can reduce your tax bill by up to
$1,000 (or $2,000 for married couples filing jointly)if you made
contributions to an IRA,401(k),403(b)457(b)or any other IRS-
recognized retirement savings plan.
Unlike a deduction,a credit is a dollar-for-dollar reduction of
your federal income tax liability and this credit can reduce the
amount you owe or increase your refund for taxes already paid.
ARE YOU ELIGIBLE FOR THE CREDIT?
To claim the Saver’s Credit for 2021,you must:
•Be age 18 or older
•Not be a full-time student
•Not be claimed as a dependent on another person’s return
Your credit rate can be as low as 10 percent or as high as 50
percent,depending on your adjusted gross income (AGI)and
your filing status.The chart below can help you calculate your
credit.
*Single, married filing separately, or qualifying widow(er)
For more information,please contact the IRS at www.irs.gov.
SageView Advisory Group |4000 MacArthur Blvd,Suite 1050,Newport Beach,CA 92660 |800.814.8742 |www.sageviewadvisory.com
SageView Advisory Group,LLC is a Registered Investment Adviser.This report is for informational purposes only and is not a solicitation to
invest.Advisory services are only offered to clients or prospective clients where SageView Advisory Group,LLC and its representatives are
properly licensed or exempt from licensure.Past performance is no guarantee of future results.No advice may be rendered by SageView
Advisory Group,LLC unless a client service agreement is in place.Please note that SageView Advisory Group nor any of its representatives give
legal or tax advice.For complete details,consult with your tax advisor orattorney.
Savvy Women, Smart Investors
Take charge of your financial future
SageView Advisory Group LLC is a Registered Investment Advisor. Advisory Services are only offered to clients or prospective clients where SageView and its
representatives are properly licensed or exempt from licensure. This document is solely for informational purposes. Past performance is no guarantee of future returns.
Investing involves risk and possible loss of principal capital. No advice may be rendered by SageView unless a client service agreement is in place. This flyer is designed
to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For
specific professional assistance, the services of an appropriate professional should be sought.
SageView Advisory Group | 800.814.8742 | www.sageviewadvisory.com
Life and careers looked very different for women just 50 years ago. Today, 49% of women are their family's primary breadwinner, and
51% are employed in management, professional, and related occupations. Those numbers will continue to grow as women become a
bigger part of the workforce. Given their positions today, more and more women are also involved in their personal and family finances,
making it increasingly important for women to know what could come up financially at every life stage.
EARLY LIFE STAGE
MID-LIFE STAGE
LATER LIFE STAGE
1. CARE FOR YOUR CREDIT
Start off on the right financial foot by establishing good credit and taking
great care of it. If you take on too much debt, it could be hard to rent an
apartment, buy a home, get a loan or even get a job.
2. CREATE AND MAINTAIN A BUDGET
Reducing your debt can also help improve your credit. Consider
following the 50/30/20 rule: 50% of your income goes to necessities;
30% to wants and 20% allocated to savings, including saving for retirement.
3. INVEST EARLY
Saving 20% of your income can be tough in your early earning years, but
even saving small amount sooner rather than later, and doing so regularly,
could have a significant impact on your bottom line.
1. COMMUNICATE, COLLABORATE, COMPROMISE
One of the big financial matters that comes at mid life is how to manage
money as a married couple. The most important thing to do here is work
together and communicate. You don’t have to agree on all things money-
related, but it’s critical to be open and find some common ground.
2. FULLY SUPPORT YOUR SINGLE SELF
If you’re single, you’re probably relying on just one income, so having some
emergency cash stashed away is really important. Make sure you’re also
planning ahead for your healthcare expenses.
3. OPTIMIZE YOUR SAVING POTENTIAL
Regardless of whether you’re single or married, saving as much as you can
for the future should be top of mind. Be sure you’re enrolled in your
employer’s retirement plan and that contributing enough to get the full
company match if there is one.
1. PLAN TO MAKE YOUR MONEY LAST
Outliving your money is probably the biggest risk that retirees face in
retirement. Manage this risk through careful planning, including choosing a
realistic timeframe for how long your retirement money needs to last. For
example, choose a realistic withdrawal amount from your retirement plan to
ensure your money will last -- experts agree withdrawing approximately
3-4% of your retirement savings per year is a good place to start.
2. WOMEN WILL NEED MORE IN RETIREMENT
Women face higher health-care costs because they live on average for two
years longer than men, not because they consume more health care in a
typical year.
LITIGATION DISCLOSURE FORM
List any past and/or pending litigation or disputes which have arisen or have been asserted within the last
five (5) years, related in any way to retirement plan fiduciary consulting services provided by your firm or
its subsidiaries and/or affiliates. This list shall include the matter or dispute name, or case style, and the
nature of the litigation or dispute.
Dispute Name Case Number Court Nature of the
Litigation or Dispute
N/A