Company News

Newport Group Again Ranked a Top DC Recordkeeper

Jul 30, 2018

Walnut Creek, CA—July 30, 2018—We are pleased to announce that the retirement industry’s leading publication has again named Newport Group one of the nation’s largest defined contribution recordkeepers.

In its annual list of top recordkeepers, Plansponsor magazine ranked Newport Group 18th out of the more than 60 firms featured in the survey.*

This year’s ranking positions us firmly among the best-known brands in retirement services, and further solidifies our position as one of the largest independent recordkeepers working through financial advisors. It also reflects the growth of our entire retirement business—both qualified and non-qualified. In addition, Newport Group ranked:

• Top 3 for most defined contribution plans added in 2017
• Top 5 for 403(b) plans and participants
• Top 5 for non-qualified plans and participants

These rankings are the result of our ongoing commitment to our sponsors, advisors and our core values: accountability, client focus, collaboration, integrity, and knowledge.


About Newport Group
Headquartered in Walnut Creek, California, Newport Group is a leading independent retirement services firm that helps employers – and the advisors who serve them – prepare employees for a more financially secure retirement. The company has more than $100 billion in retirement assets under administration and more than $250 billion in corporate retirement and insurance assets. Newport Group maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Staffed by an exceptional team of more than 1,200 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.
 





*Source: Plansponsor, July 2018. The 2018 Plansponsor Recordkeeping Survey integrates data from Plansponsor 403(b), 457 and non-qualified deferred compensation (NQDC) buyer’s guides to provide a more complete summary of the defined contribution (DC) market. The results were aggregated from data submitted by 63 service providers that collectively oversee more than $7 trillion in DC assets and are estimated to account for more than 90% of the total defined contribution market. Each provider is ranked in three categories: total plans, total assets and total participants; other rankings/totals reflect only those organizations that reported the associated data. All data, including data reported this year, are as of December 31, 2017; all information from the survey was self-reported.


 

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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 Newport Group Consulting, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and Newport Group Consulting, 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 advisers. 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.