Draft:Sentinel Group

{{AFC submission|d|context|u=Cassidyvm|ns=118|decliner=Mattdaviesfsic|declinets=20230113064021|ts=20221109162210}}

{{AFC comment|1=Lots of sources, good: but it's unclear why it's notable... is it JUST a "family of companies"? Lead needs editing to add what it's known for. Mattdaviesfsic (talk) 06:40, 13 January 2023 (UTC)}}

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Sentinel Group, commonly referred to as Sentinel and formerly known as Sentinel Group, is a full-service employee benefits consulting firm.{{Cite web |title=Sentinel Benefits Group Inc |url=https://www.bloomberg.com/profile/company/13843Z:US |access-date=8 November 2022 |website=Bloomberg}} of about 250 employees headquartered in Wakefield, Massachusetts.{{Cite web |title=Business Profile for Sentinel Benefits & Financial Group |url=https://www.bbb.org/us/ma/wakefield/profile/investment-advisory-services/sentinel-benefits-financial-group-0021-73065 |access-date=8 November 2022 |website=Better Business Bureau}}

Sentinel Group is the brand name for the Sentinel family of companies which includes Sentinel Benefits Group, LLC., Sentinel Pension Advisors, LLC., Sentinel Insurance Agency, Inc., and Sentinel Securities, LLC.

History

Sentinel was founded in 1987 by Jimmy, John and Anthony Carnevale over a family dinner.{{Cite web |date=12 October 2016 |title=Sentinel Benefits & Financial Group Names Samuel Mitchell Chief Executive Officer |url=https://www.prweb.com/releases/2016/10/prweb13742676.htm |access-date=8 November 2022 |website=Cision PRWeb}}
In 1993, Sentinel Insurance Agency, Inc. was formed to offer group insurance consulting services. The corporate headquarters moved from the Carnevales' home to an office in Wakefield, Massachusetts.
In 1998, COBRA{{Cite web |title=Continuation of Health Coverage (COBRA) |url=https://www.dol.gov/general/topic/health-plans/cobra |access-date=8 November 2022 |website=U.S. Department of Labor}} administration services were introduced when Sentinel entered the daily valuation recordkeeping business and formed Sentinel Pension Advisors, LLC. With 25 employees, the corporate headquarters moved to 107 Audubon Road, Wakefield, MA.{{Cite web |title=SENTINEL BENEFITS GROUP INC |url=https://www.dandb.com/businessdirectory/sentinelbenefitsgroupinc-wakefield-ma-33699099.html |access-date=8 November 2022 |website=Dun & Bradstreet}}
In 2001, the first annual Educational Exchange (EdEx){{Cite web |date=6 September 2011 |title=Sentinel Benefits 11th Annual Educational Exchange |url=https://cfoleadershipcouncil.com/2011/09/06/sentinel-benefits-11th-annual-educational-exchange/ |access-date=8 November 2022 |website=The CFO Leadership Council}} event took place at the Henderson House in Weston, MA.{{Cite web |title=The Henderson House |url=https://www.thehendersonhouseweston.com/ |access-date=8 November 2022 |website=The Henderson House}}
In 2002, the corporate headquarters moved to 601 Edgewater Drive in Wakefield, MA.{{Cite web |title=Business Directory of Massachusetts. Sentinel Benefits Group, Inc ... |url=https://bizstanding.com/directory/MA/SE/533/ |access-date=8 November 2022 |website=Biz Standing}}
In 2007, Sentinel was acquired by Focus Financial Partners.{{Cite web |date=1 February 2007 |title=Acquisitions Bring Focus Financial $10B AUM |url=https://www.fa-mag.com/news/article-2808.html |access-date=8 November 2022 |website=Financial Advisor}}
In 2010, Sentinel merged with the New York-based third party administrator, Geller Group, and its associated subdivisions — Geller Advisory Group, LLC and Geller Consulting Group, LLC.{{Cite web |last=Southall |first=Brooke |title=Geller Group finds its white knight within the Focus Financial family |url=https://riabiz.com/a/2010/11/4/geller-group-finds-its-white-knight-within-the-focus-financial-family |access-date=5 December 2022 |website=RIA Biz}}
In 2011, Sentinel acquired Schloss & Company and moved into New York territory.{{Cite web |date=12 July 2011 |title=Sentinel Benefits Acquires Schloss & Company |url=https://www.plansponsor.com/sentinel-benefits-acquires-schloss-company/ |access-date=8 November 2022 |website=PLANSPONSOR}}
In 2013, Sentinel was named a 'Top 10 Recordkeeper' by PLANSPONSOR Magazine.{{Cite web |date=14 June 2013 |title=2013 Recordkeeping Survey |url=https://www.plansponsor.com/research/2013-recordkeeping-survey/?pagesec=9#Top%20Recordkeepers |access-date=8 November 2022 |website=PLANSPONSOR}}
In 2014, the philanthropy program, SentinelCares,{{Cite web |date=March 2021 |title=A Q&A with HAWC Annual Corporate Partner Michael Newhall of Sentinel Benefits & Financial Group |url=https://hawcdv.org/healing-connection-march-2021/ |access-date=8 November 2022 |website=HAWC Healing Abuse Working for Change}} was formed. Corporate headquarters moved to 100 Quannapowitt Parkway, Wakefield, MA.{{Cite web |title=Sentinel Benefits & Financial Group Executive Team (8) |url=https://pitchbook.com/profiles/company/125025-94#team |access-date=8 November 2022 |website=PitchBook}}
In 2015, PLANSPONSOR's 2015 Defined Contribution Survey ranked Sentinel second with a net-promoter score of 91.5% and nine Best-in-Class awards within the $5MM – $25MM total plan assets category.{{Cite web |date=6 November 2015 |title=2015 DC Survey |url=https://www.plansponsor.com/research/2015-defined-contribution-survey/?pagesec=8#top$5MM-$25MM%20IN%20TOTAL%20PLAN%20ASSETS |access-date=8 November 2022 |website=PLANSPONSOR}}
In 2016, Sentinel was awarded the 2016 Best-in-Retirement Business IMPACT Award™ by Charles Schwab.{{Cite web |date=26 October 2016 |title=Schwab Advisor Services Recognizes Best-in-Class Financial Advisory Firms With 2016 Impact Awards® |url=https://www.businesswire.com/news/home/20161026005319/en/Schwab-Advisor-Services-Recognizes-Best-in-Class-Financial-Advisory-Firms-With-2016-Impact-Awards%C2%AE |access-date=8 November 2022 |website=Business Wire}}
In 2020, Sentinel acquired Alliance Benefit Group of Michigan, a full-service retirement plan consulting and administration firm headquartered in Bingham Farms, Michigan.{{Cite web |date=4 November 2019 |title=Alliance Benefit Group of Michigan To Join Focus Partner Firm Sentinel Benefits & Financial Group |url=https://www.globenewswire.com/news-release/2019/11/04/1940404/0/en/Alliance-Benefit-Group-of-Michigan-To-Join-Focus-Partner-Firm-Sentinel-Benefits-Financial-Group.html |access-date=8 November 2022 |website=GlobeNewswire}} Sentinel was recognized by The Boston Globe as a Top Place to Work{{Cite web |date=19 November 2020 |title=The 2020 Top Places to Work in Massachusetts |url=https://www.bostonglobe.com/2020/11/19/magazine/2020-top-places-work-massachusetts-2/ |access-date=8 November 2022 |website=The Boston Globe}} and named a 2021 Top Workplaces USA award winner.{{Cite web |title=Top Workplaces USA 2021 |url=https://topworkplaces.com/award/top-workplaces-usa/2021/150-499/?page=14 |access-date=8 November 2022 |website=Top Workplaces}}
In 2023, Sentinel acquired Alliance Benefit Group Southwest, a retirement administration and record-keeping firm based in Albuquerque, New Mexico{{Cite web |date=3 January 2023 |title=Alliance Benefit Group Southwest to Join Focus Partner Firm Sentinel Group |url=https://www.focusfinancialpartners.com/news/alliance-benefit-group-southwest-to-join-focus-partner-firm-sentinel-group |url-status=live |archive-url= |access-date=17 June 2025 |website=FOCUS PARTNERS}}.

Departments

Sentinel has four different business lines: group insurance, retirement plan services, health and welfare accounts, and wealth management. Sentinel Insurance Agency, Inc. (SIA) acts as a group insurance broker for employers looking for insurance benefits.{{Cite web |date=7 August 2019 |title=NEHRA Webinar Series: The Massachusetts Paid Family Leave Act - The Benefits Perspective |url=https://www.nehra.com/events/EventDetails.aspx?id=1249394 |access-date=9 November 2022 |website=Northeast HR Association}} Sentinel Benefits Group, Inc. (SBG) is split into a health & welfare administration and retirement plan administration services.{{Cite web |last=Pfeffer |first=Alan |date=29 June 2021 |title=Fiduciary Governance Practices |url=https://sites.nycshrm.org/fiduciary-governance-practices/ |access-date=9 November 2022 |website=New York City SHRM}} Sentinel Pension Advisors, LLC. (SPA) acts as a fiduciary and advises investments in retirement plans.{{Cite web |title=ABOUT Robert Dimase Sentinel Pension Advisors INC |url=https://indyfin.com/financial-advisor/massachusetts/wakefield/robert-dimase-2196424/ |access-date=9 November 2022 |website=indyfin}} Sentinel Securities, LLC. (SSI) offers investment brokerage services.

Ownership

Sam Mitchell was named CEO in 2016. Jim Carnevale is a partner and helped found the company in 1987.{{Cite web |title=Jim Carnevale |url=https://theorg.com/org/sentinel-benefits-group-inc/org-chart/jim-carnevale |access-date=8 November 2022 |website=The Org}} Robert DiMase has been a partner since 1998.{{Cite web |title=Rob DiMase |url=https://theorg.com/org/sentinel-benefits-group-inc/org-chart/rob-dimase |access-date=8 November 2022 |website=The Org}} Sentinel has been owned by Focus Financial Partners since it was acquired in 2007.

Offices

Sentinel has 3 offices in Wakefield, Massachusetts, Melville, Long Island (New York){{Cite web |title=Sentinel Benefits & Financial Group - Melville |url=https://foursquare.com/v/sentinel-benefits--financial-group--melville/50ec4be5e4b0ef74a0162689 |access-date=8 November 2022 |website=Foursquare}} and Troy, Michigan{{Cite web |title=Troy Place |url=https://property.compstak.com/3001-West-Big-Beaver-Road-Troy/p/174928 |access-date=8 November 2022 |website=CompStak}}

Draft:Sentinel Group

History

Departments

Ownership

Offices

References