Company News

Newport Recognized for Industry-Leading Sponsor and Participant Websites

Walnut Creek, CA—June 4, 2019—For more than a decade, Newport's plan sponsor and participant websites have consistently been in the Top 10 of reviews by DALBAR, a leading independent market research firm.

Matthew Petralia Joins Newport as Regional Director for the Northeast

Walnut Creek, CA—May 7, 2019—Newport, a leading provider of retirement services announced today that Matthew Petralia has joined the organization as Regional Director for the Northeast. 

Newport Group Completes Acquisition of Vested Interest DC Recordkeeping Business of PNC Bank

Walnut Creek, CA—May 6, 2019—Newport Group, a leading independent retirement services provider, announced today that it has completed its acquisition of the Vested Interest® defined contribution plan recordkeeping business of PNC Bank.

Scott Pollack Joins Newport as Executive Vice President  

Walnut Creek, CA—April 26, 2019—Newport, a leading provider of retirement services announced today that Scott Pollack has joined the organization as Executive Vice President.

Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping Business 

Walnut Creek, CA—April 12, 2019—Newport Group, Inc. (“Newport Group”) and PNC Bank, National Association (“PNC Bank”) announced today that the two companies have entered into a definitive agreement by which Newport will purchase the Vested Interest® defined contribution plan recordkeeping business from PNC Bank. Terms of the transaction were not disclosed.

Newport Group in the Spotlight at NAPA's 2019 401(k) Summit

Newport Group's expertise will be front and center at the 2019 National Association of Plan Advisor's (NAPA) 401(k) Summit.

Meet the Team

Meet the Team: Kelly Jennings

Newport Group Receives 46 "Best In Class" Awards in Plansponsor Survey

Walnut Creek, CA—February 14, 2019—Newport Group has once again participated in Plansponsor magazine’s annual Defined Contribution Survey, and we are pleased to announce that we have achieved another impressive showing in this survey. The reviews from our plan sponsor clients helped place us among the Top 10 providers in the retirement services industry, with 46 “Best in Class” awards.

Highlights from Our 2018-19 Compensation, Retirement and Benefits Trends Report

Using flexible approaches for recruiting, rewarding and retaining talent. Finding “critical” value in non-qualified deferred compensation plans. And turning more frequently to high deductible health plans (HDHPs). These are just a few of the findings from Newport Group’s Compensation, Retirement and Benefits (CRB) Trends Report for 2018-19.
 

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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 - www.ascensus.com

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 newportgroup.com or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or adviserinfo.sec.gov.

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.