Press Release

SageView Advisory Group Grows in the West with Acquisition of MJM401k

Issued by SageView Advisory Group

July 1, 2021

NEWPORT BEACH, California – Effective June 30, 2021, SageView Advisory Group has acquired MJM401k, an institutional retirement plan consulting firm based in Arizona and Southern California. The acquisition of MJM401k adds $17 billion in AUA, over 100 retirement plans, and eight employees to SageView.

Started in 2005, MJM401k provides retirement plan consulting services to its clients in a variety of industry sectors. The firm is focused on ERISA fiduciary governance, plan investments, vendor selection and management, fee benchmarking, and supporting participants through retirement income planning and education.

MJM401k founder Michael J. Malone, now a Managing Director at SageView, stated the following:

“MJM401k was built on the belief that employers of all sizes need independent, transparent advice in managing their retirement plans. Just as importantly, they need that advice to be provided by people who are both productive and trustworthy. I am immensely proud that our talented and dedicated employees have been able to meet those goals consistently over the last 16 years. By joining SageView, a firm that we have always respected for their expertise  and their dedication to serving their 401(k) clients, we will not only be able to continue that approach, but we will also enhance it through the various features and services that SageView offers.”

Randy Long, SageView Founder and Managing Principal, added:

“From our initial conversations, we knew MJM401k would be a great fit for SageView. Mike and the team are wholly committed to their clients and maintain the highest standard of care. The addition of MJM401k is great news for both teams and we look forward to working together.”

Well-respected in the industry, MJM401k has received recognition over the years from various independent sources, including:

• Morningstar & the American Society of Pension Professionals & Actuaries (ASPPA): Recipient of the National 2011 401(k) Advisor Leadership Award
• Western Pension & Benefits Conference (WP&BC): Recipient of a Lifetime Achievement Award
• Pension & Investments Magazine: Recipient of multiple Eddy awards for outstanding participant communications work

Park Sutton Advisors served as exclusive financial advisor to MJM401k in the transaction.

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