Sentinel Benefits & Financial Group
FIRM INFORMATION 100 Quannapowitt Parkway, Suite 300, Wakefield, , MA 01880
Jerry Cicalese, (516) 414-8588, Jerry.Cicalese@sentinelgroup.com
sentinelgroup.comBUSINESS PROFILEYear established:
1987National or local TPA:
NationalAre you a producing TPA or a 'non-producing TPA'?
EitherDC recordkeeping platform:
No (use partner providers' platforms)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
12Other managers/administrators:
28Actuaries:
2Sales staff:
10Support staff:
148RETIREMENT PLAN PROFILERetirement plan assets under administration:
6,500,000,000Total number of retirement plans under administration:
1,810Total number of retirement plan participants under administration:
70,000NUMBER OF PLANS BY TYPE401(k):
573403(b):
37457:
10Nonqualified Deferred Compensation:
17Other DC:
975Defined Benefit/Cash Balance/Hybrid:
198FEE STRUCTURESFixed fee:
Fixed fee dependent on services chosenPer participant fee:
YesBasis points on assets:
YesOther:
Fees offset by revenue sharing agreements?
Yes State(s) where offices are located:
Massachusetts (MA), New York (NY)PLAN ASSET SIZES SERVED<$1 million:
Yes$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
Yes>$50 million - $100 million:
No>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
10Number of recordkeepers with DC assets:
20Number of recordkeepers where new plans placed:
6FIDUCIARY SERVICESPlan level 3(16) services:
YesPlan level 3(38) services:
YesParticipant level fiduciary services:
YesPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
YesTarget-date evaluation tools:
YesInvestment committee meetings:
YesDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
YesRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
YesPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
YesInvestment selection services:
YesInvestment monitoring:
YesPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
YesRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
YesFinancial/debt counseling:
YesEstate/tax planning:
NoAuthorize participant requests:
YesPrepare/deliver required participant notices:
Yes
