City hears SageView report: Cocoa’s employee deferred compensation and 401 plan post solid multi‑year returns
SageView Advisory reported the city’s 457(b) deferred compensation and 401(a) plans hold about $15.6 million in assets, with year‑to‑date returns around 6.6% and 7.07% respectively, and discussed fee benchmarks, watch‑list procedures and imminent Secure 2 regulatory changes effective Jan. 1, 2026.
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The council received a quarterly investment‑oversight briefing from Lisa Drake of SageView Advisory, the city’s fiduciary adviser for the 457(b) and 401(a) plans. Drake reported approximately $15.6 million in combined plan assets and year‑to‑date performance of about 6.6% for the deferred compensation plan and 7.07% for the 401(a) plan.
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