PlanFacts

Introducing Our Managed Account Service

Newport is pleased to introduce our Managed Account service. This dynamic online tool for plan participants offers personalized retirement education, advice, and investment management—all designed to further engage your employees with their retirement plan and help them reach their financial goals. 

Easy to Use for Your Employees
The Managed Account service is integrated with our recordkeeping system. It uses information from a participant’s retirement plan—along with their answers to a few simple questions—to develop a personalized investment strategy. It then manages, reviews and adjusts the strategy to meet the participant’s needs for as long as they are subscribed to the service.

Responsive to An Employee’s Unique Needs
The Managed Account service can be responsive to changes in a participant’s life and financial situation, resulting in a dynamic and engaging user experience. And as a participant approaches retirement, the investment strategy gradually becomes more conservative, all using the investments you developed with your financial advisor. 

In short, the Managed Account service helps your participants set a retirement goal, and then puts a plan in place to help them reach it.

Benefits for Plan Sponsors Like You
In addition to helping your employees become more engaged with their retirement plan, the Managed Account service has benefits for your company, too. In some cases, it can serve as your qualified default investment alternative, or QDIA. The selection of a QDIA is an important fiduciary consideration that can offer safe harbor protection for plan sponsors, thus reducing a plan sponsor’s liability.

Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc. 

The Managed Account service is a web-enabled financial advisory service for retirement plan participants that uses technology supported by NextCapital Group, Inc. (“NextCapital”) and integrated with the retirement plan recordkeeping system. The service may be offered to participant accounts including employer-sponsored defined contribution accounts (401(k), 457, 403(b), and other participant directed plans). The service allows plan participants to develop a strategy to help them reach investing and retirement goals by offering a personalized plan for saving and investing, forecasts for retirement income and wealth, and the creation and management of model portfolios using the designated investment alternatives offered in the employer-sponsored defined contribution plan. Please refer to the Newport Group Consulting, LLC Managed Account ADV Part 2 for detailed information regarding the Managed Account service and associated fees. The ADV Part 2 is available at www.newportgroup.com and www.iard.com. NextCapital licenses its technology to Newport Group, but does not serve as an investment adviser to Newport Group or its clients. Newport Group and NextCapital are not affiliated companies.

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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.