The addition is an effort by the company, an NRP Member Firm, to strengthen its non-profit division in light of changing 403(b) regulations, according to a press release.
Cressey has more than 25 years of experience delivering retirement plan solutions to plan sponsors in the educational, research, governmental, and non-profit sectors.
In his new role, Cressey will partner with plan fiduciaries to mitigate risk by assisting in the areas of plan design, compliance, employee education, the development of investment policy statements, investment selection, and ongoing investment due diligence. The company says he is well-versed with the Employee Retirement Income Security Act (ERISA) and retirement plan administration, and is knowledgeable of all types of defined contribution plans including profit sharing/401(k), money purchase, 403(b), 457, and non-qualified deferred compensation.
Prior to joining SageView, Cressey was a regional vice president in charge of the middle market institutions in the West for TIAA-CREF, the portable, nationwide defined contribution retirement system for higher education. He also played a key role in the initial establishments of the Washington, D.C., branch office of TIAA-CREF and the Newport Beach branch office, which he managed.