Company News

Newport Awarded 70 “Best in Class” Honors in 2019 PLANSPONSOR DC Survey

Jan 22, 2020

Walnut Creek, CA—January 22, 2020—Newport retirement services announced today that it has been awarded 70 “Best in Class” awards in PLANSPONSOR magazine’s 2019 Defined Contribution Survey. The reviews from our plan sponsor clients earned us the #1 ranking in total awards for those markets in which we compete.

The company’s awards include “Best in Class” honors in nearly every category measured by PLANSPONSOR. This includes the services that matter most to plan sponsors and their employees: technology, education and communications, plan administration, investments and fees, and account/service teams. 

Our total awards place us third among the 23 retirement services providers who participated in this year’s survey.  And just as rewarding, our clients also indicated they are very likely to recommend Newport as a provider.  

PLANSPONSOR is the premier monthly publication reporting on the retirement services industry, and its survey is one of the industry’s leading measures of companies’ satisfaction with their plan providers. 

About Newport
Headquartered in Walnut Creek, California, Newport is a leading independent retirement services provider that helps employers—and the advisors who serve them—prepare employees for a more financially secure retirement. The company has more than $120 billion in retirement assets under administration and more than $265 billion in corporate retirement and insurance assets. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Staffed by an exceptional team of more than 1,350 retirement, insurance, and consulting professionals, the company provides retirement solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000.
 

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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.