Company News

Quarterly Product News for Advisors

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 Products

  • Managed Accounts – A new fee for service managed account program that can be adopted to offer participants a discretionary managed account solution. This can also be used as the QDIA option for plans with auto enroll. The Managed Account service is a web-enabled financial advisory service.

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. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Other insurance products may be offered by NGI. For more information, please visit -

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. For more information about Newport Group Consulting and its services, please visit or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or

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

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.