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Newport 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 one of the nation’s Top 20 defined contribution recordkeepers in the retirement industry. In its annual quantitative survey, Newport 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
Headquartered in Walnut Creek, California, Newport 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 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. (“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 - www.ascensus.com

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 newportgroup.com or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or adviserinfo.sec.gov.

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.