Quarterly Product News for Sponsors

Sep 06, 2019


For All Clients

  • Cybersecurity and Fraud Prevention – In an effort to mitigate cyber fraud, we will present ideas and best practices in our cybersecurity campaign that includes a webcast for advisors and plan sponsors and educational materials for plan sponsors and participants.
  • Spanish Website – Participants can dynamically change between English and Spanish translation or default to their preferred language.

For Clients with Qualified Plans

New Services

  • 3(16) Services – Newport Group can act as the fiduciary on the plan for many operational and administrative functions.
  • Spanish Statements – Participants can receive statements in Spanish.

New Regulatory Updates

  • Hardship Withdrawals – Regulatory changes announced in 2018 affecting hardship withdrawals have now been enabled. We will send amendments later this year to plans using a Newport Group document, provided that final regulations do not include unforeseen changes.

New Enhancements

  • Force Out Process – Newport Group will introduce a new force out distribution process for clients that are seeking a low cost solution.
  • Payroll Integration – Newport Group is onboarding additional payroll integration vendors supporting self-serve, 180, and 360 payroll options.
    • 180-Degree Partners: ADP, Paycom, Paychex, Namely, ConnectPay, UltiPro, and Complete Payroll (CPP)
    • 360-Degree Partners: Paylocity, CorPay
  • Stale Dated Check Process – A new report containing stale dated check information will be updated after monthly close and plan sponsors will have the option to print the report on-demand or schedule the report.
  • Participant Fee Disclosure – Continued roll out of our redesigned, easy-to-read disclosure format containing important information regarding participant accounts.
  • Sponsor Reporting – Continued enhancements to standardized reports.

Special Reminders

  • Sponsor Notifications – Functionality for plan sponsors to subscribe to receive email alerts when a participant makes a change to their account. 

Your Newport Group representative will be reaching out to discuss these enhancements as they are rolled out.


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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, or  

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.