Company News

Vanguard Chooses Newport Group as its Non-Qualified Plan Administration Partner

Apr 25, 2018

We are pleased to announce that Vanguard has selected Newport Group as a partner to provide comprehensive administration to their non-qualified plan clients.

After a rigorous search process, Vanguard chose us for this partnership specifically because of our non-qualified plan expertise, sophisticated participant and sponsor experiences, and flexible non-qualified deferred compensation platform.

Newport Group will provide recordkeeping, administration and trust services under an integrated service model. These clients will remain Vanguard clients and Newport Group will be an extension of their overall service team. We intend to have this program transitioned by the end of 2020.

This partnership with Vanguard will further enhance Newport Group’s presence in the non-qualified deferred compensation market and our ongoing investment in this business. Newport Group will continue to provide our advisors and their plan sponsor clients with the highest level of support by Newport Group’s team of responsive, experienced non-qualified plan specialists.

It is an honor that a well-respected organization like Vanguard would choose us to work with their plan sponsor clients, due in large part to our reputation of providing excellent client service.
 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment adviser. when offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer.
Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.