SageView Advisory Group Acquires $400M OnTrack 401(k)

SageView Advisory Group announced the acquisition of OnTrack 401(k), a Maryland-based retirement plan consulting firm with $400 million in assets under advisement. The deal, which closed on December 2, bolsters Newport Beach, California-based SageView’s presence on the East Coast.

OnTrack 401(k), headquartered in Frederick, Maryland, serves more than 90 institutional clients by offering retirement plan design, fee structure optimization and investment selection guidance. Founder Doug O’Rear will join SageView as a managing director, accompanied by Cindy Brown, who will be a retirement plan consultant.

“At SageView, I can leverage the firm’s resources to provide scale and efficiency to plan sponsors and access the firm’s comprehensive financial wellness program to empower plan participants,” O’Rear said in a statement.

O’Rear started his career at the MassMutual Financial Group before founding OnTrack 401(k) in 2009.

“We know the experience and insights Doug and his team can provide will help our institutional clients grow,” Steve Gaven, SageView’s chief growth officer, said in a statement. “We are excited to welcome him to our firm.”

OnTrack 401(k) marks SageView’s second location in Maryland and first acquisition since the addition of Retirement Benefits Group in June 2023. SageView has more than 30 offices in 21 states.