Company News

Newport Group Ranked a Top DC Recordkeeper, and One of the Fastest Growing in the Industry 

Jul 25, 2019

Walnut Creek, CA—July 25, 2019—We are pleased to announce that Plansponsor magazine has again named Newport Group one of the nation’s Top 20 defined contribution recordkeepers in the retirement industry. In its annual quantitative survey, Newport Group ranked #18 overall, out of 56 firms featured in the survey. 

The magazine also found us to be one of the fastest growing recordkeepers in the industry, ranking us in the Top 10 for most defined contribution plans added in 2018. In addition, it ranked us as a Top 10 leader in a number of other categories, including: 
  • #1 in non-qualified plan assets
  • #3 in non-qualified plan participants
  • #3 for 403(b) ERISA plans
  • #5 for 403(b) non-ERISA plans
  • #10 in non-qualified plans bundled with other retirement plans

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 $120 billion in retirement assets under administration and more than $265 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 1,350 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 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.