PlanFacts

Introducing Our Managed Account Service

Dec 13, 2019

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, Inc., but does not serve as an investment adviser to Newport or its clients. Newport 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. 

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Securities in California are offered through Newport Securities Insurance Services. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov.  

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

Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company.