Newport Group, Inc. (Newport) announced today that it has completed the purchase of Plan Administrators, Inc. (PAi), a third party administrator and recordkeeper headquartered in De Pere, Wisconsin. PAi—along with its affiliate PAi Trust Company—is now a wholly owned subsidiary of Newport, and will continue to operate under the PAi name.
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PLANSPONSOR magazine, a premier monthly publication reporting on the retirement industry, has again ranked Newport among the nation’s largest and fastest growing defined contribution recordkeepers.
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Newport announced that it has entered into an agreement with Huntington National Bank to assume its retirement recordkeeping and administration business. Huntington will continue to serve as plan advisor for its retirement plan services clients.
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Newport, a leading provider of retirement plan services, has announced that Clay Kennedy has joined the organization as a Regional Director.
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Newport is offering cost-free 3(16) administrative fiduciary services as a way to assist clients and their human resource departments as they respond to issues stemming from the coronavirus (COVID-19) pandemic.
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Newport is focused on serving clients and retirement plan participants while also doing what we can to protect the health and well-being of our employees and communities.
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Amid growing concerns about coronavirus (COVID-19), we want you to know that our company is committed to providing a high level of service. We have been working to mitigate any potential impact to our clients and advisor partners, as well as protecting our employees and the communities in which we live and work.
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The health and safety of our clients and employees are top of mind amid concerns about coronavirus (COVID-19). That’s why we wanted to share with you information on how we are proactively monitoring the situation, and the steps we are taking to help ensure that we operate safely and effectively.
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What’s new at Newport? We’re keeping you informed each quarter of our latest products and services.
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Newport announced today that Kieran Brady has joined the organization as Chief Financial Officer, leading the company’s finance team. Mr. Brady will be based in the company’s Walnut Creek, California headquarters.
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