Newport’s plan administration minimizes the burdens on the sponsor’s organization by centralizing administrative activities
Comprehensive conversion management services ensure the transition to Newport is timely and accurate. These include conversion schedules; data interface specifications; a customized transition communication plan; and a print and online plan administration manual.
ENROLLMENT ACTIVITY ANALYSIS
In-depth plan information and analysis includes plan participation summary and projected deferrals; utilization of model portfolios; asset allocation detail; trends analysis; and recommendations to increase utilization of the plan.
A customized master calendar provides plan sponsors with a detailed chronology of key events, activities and deliverables throughout the year. This master calendar includes the production and delivery of benefit statements; enrollment periods; scheduled contribution and payroll submission; corporate reporting schedules; and an annual plan review.
PLAN SPONSOR WEBSITE
Our plan sponsor website is one of the most advanced executive benefits platforms available today. One-stop access to plan and participant information makes it simple to manage the plan, find accurate and timely information, and communicate easily with participants. This site allows sponsors to upload payroll files, review plan performance, post messages to participants, access participant information, and monitor transactions.
PLAN SPONSOR REPORTING
Newport offers a robust reporting platform that allows sponsors to generate summary and detail level reports covering all aspects of a plan: participation, demographics, account balances, asset allocation, investment performance, and transaction activity—all in real-time. We also include a comprehensive suite of accounting, financial and tax reporting.