Fiduciary Consulting Services

A More Effective Way to Fulfill Your Fiduciary Responsibilities

Newport is a leading provider of fiduciary consulting services to participant and sponsor-directed defined contribution and defined benefit plans, as well as foundations, endowments, and corporate operating portfolios.
As co-fiduciary consultants, we believe that following a consistent, rigorous, and disciplined process is the key to fulfilling your fiduciary obligations as a plan sponsor. We work with you to establish and maintain the tools necessary for you to demonstrate an ongoing process of prudent plan management as required under ERISA.

Help with Managing Your Fiduciary Oversight

We assist you in implementing a prudent process to manage both the investment and non-investment-related responsibilities of the plan. While it is common for sponsors to hire third parties to perform the administration and management of a retirement plan, many service providers do not assume fiduciary responsibility under the terms of their agreements.
Once you engage Newport, we assist with your non-investment responsibilities. Annually we provide written reports to the retirement plan committee on each of the following non-investment related obligations:
  • fiduciary practices statement
  • fiduciary governance charter
  • fiduciary governance review
  • comprehensive service provider review
  • total plan expense analysis
  • communication and education assessment
  • board recap of plan and committee activity
  • 404(c), 404a-5, and 408(b)(2) compliance review
  • fiduciary education and onboarding
Learn more about the roles and responsibilities of a Fiduciary and how Newport can help. Click to view our Fiduciary Guide here.

A Prudent Investment Process

The key to effectively managing fiduciary liability is establishing and following a prudent investment process. Newport1 helps put such a process in place, by becoming a fiduciary for the investment-related aspects of your plan. This includes:
  • taking time to understand the plan sponsor’s culture and the objectives of the plan
  • designing and implementing an Investment Policy Statement
  • constructing an investment menu/portfolio diversified by asset class and investment style
  • evaluating and selecting investment managers based on rigorous criteria
  • designing and managing asset allocation tools for participant-directed plans
  • making recommendations regarding target asset allocation for corporate- or trustee-directed plans
  • continuously monitoring each manager against the criteria specified in the Investment Policy Statement (IPS)
  • recommending replacements of investment managers as warranted
  • creating and delivering comprehensive reporting and review
  Newport’s prudent investment process includes:
  • Investment review
  • Development of investment policy statement
  • Asset allocation and menu construction
  • Manager evaluation and selection
  • Manager monitoring and replacement

Objective. Transparent. Unbiased.

We are an independent firm with no affiliations with any investment management or mutual fund companies. As such, we provide unbiased, direct advice free from potential conflicts of interest. In addition, our compensation is exclusively fee based, fully disclosed and paid by our clients, either directly or from plan assets. Learn more about our institutional trustee services here.

Get information about Newport’s institutional trustee and independent fiduciary services.

Contact Us

Start the conversation with Newport here.

1Consulting services on investment process are provided through Newport Group Consulting LLC, an SEC-registered Investment Adviser and affiliate of Newport Group, Inc. No guarantees are made as to investment results. All investments in securities involve risks including possible loss of principal.

Newport and its affiliates do not provide tax, legal or accounting advice. Clients should consult their own tax, legal and accounting advisors before making any decisions.


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Newport Group, Inc. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Other insurance products may be offered by NGI. For more information, please visit -

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. For more information about Newport Group Consulting and its services, please visit or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or

Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.