Institutional Trustee Services

Different plans require different types of trust and fiduciary services. Through our wholly owned subsidiary, Newport Trust, experienced trust administrators focus on providing responsive, secure, and technologically advanced services. Newport Trust maintains a fully responsive, secure, reliable and effective operating environment with proper controls and safeguards to provide structure around the fiduciary decision making process, reinforced by a regulatory framework and periodic audits.
Our corporate trustee and custodial services include:
  • Services for the same-day processing of trades, individually directed accounts, separately managed accounts and company stock
  • Trust accounting, including:
    • Calculation of realized/unrealized gains and losses
    • Tax withholding, remitting and reporting
    • Daily unitization of company stock, separately managed accounts and fund portfolios
  • Allocation of plan sponsor and employee contributions
  • Collection and crediting of plan income
  • Disbursements of expenses and third-party payments
  • Check, ACH and wire distribution
  • Consolidated monthly statements and certified annual trust reports
Grantor (Rabbi) Trusts for Non-Qualified Plans
Newport Trust may be retained as trustee of a rabbi trust that an employer establishes to secure benefits for a nonqualified excess plan, top-hat plan, or other executive deferred compensation plan. With in-depth experience in change-of-control and change-of-heart situations, Newport Trust can hold and invest trust assets pursuant to the trust agreement, providing another layer of security to participants and beneficiaries.
Our responsibilities as trustee may include:
  • Asset custody
  • Defending the trust and interests of plan participants against hostile takeovers
  • Determining participants’ entitlement to distributions after a change in control
  • Administering plan distributions
  • Reporting
Download our White Paper for more in-depth information on Rabbi Trusts and read an article from our thought leaders on rabbi trusts and changes in control situations. 

Newport's Institutional Trustee Services are offered through Newport Trust Company, a wholly owned subsidiary of Newport, Inc. Newport Trust maintains the necessary seperation and appropropriate controls to safeguard client information and satisfy applicable regulatory requirements. 


For more information on Institutional Trustee Services, call 646-313-3553.

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.