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Sage View reports solid returns, flags PIMCO high-yield on watch for Cocoa city retirement plans
Summary
Sage View advisory told the Cocoa City Council the city's 457 deferred compensation and 401(a) plans held about $15.6 million in assets, posted year-to-date gains and face a pending watch-list decision on a high-yield bond fund tied to the plans.
Lisa Drake, investment advisor with Sage View Advisory Group, told the Cocoa City Council that the city's participant-directed retirement plans held about $15,600,000 in assets and produced positive returns through the second quarter of 2025.
Drake said the 457 deferred compensation plan returned 6.6% year-to-date as of June 30 and 10% over the last 12 months; the 401(a) plan returned 7.07% year-to-date and about 11% over 12 months. Over three years, Drake reported 11.5% for the 457 plan and 12.5% for the 401 plan.
Sage View, which the council approved as the city's fiduciary investment advisor in 2021, also reported the plans' weighted investment expenses: roughly…
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