Company News

Newport Achieves High Rankings in PLANSPONSOR Recordkeeping Survey

Aug 12, 2020

Walnut Creek, CA — Aug. 12, 2020 — 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. Of the 53 companies featured in the magazine’s annual “Recordkeeping Survey,” Newport was #17 in overall plan assets—up one position from the previous year. Newport was also ranked in the Top 10 for a second consecutive year for most defined contribution plans added in 2019.

The survey found Newport firmly established among top recordkeepers—ranking #16 in overall plans and #20 in overall participants. This was the first time Newport has been included in the Top 20 in this category.
In addition, Newport was named a Top 10 leader in several other categories, including: 

  • Non-Qualified Plans: Newport is the industry leader in offering unbundled non-qualified plan services through advisors, and it was ranked #2 for overall non-qualified assets and #2 for total non-qualified plan participants.
  • 403(b) Plans: Newport continues to be a leading provider of 403(b) plans, ranking #3 for total ERISA plans, #4 for total non-ERISA plans, and #10 for total ERISA plan assets (the first time Newport has been in the Top 10 in this category).

“These rankings recognize Newport’s important position in the retirement services market, and further solidify its position as one of the largest independent recordkeepers working through financial advisors,” said Newport CEO Greg Tschider. “It also reflects more than just our growth – it reflects our commitment to our clients and retirement plan participants.”

About Newport
Headquartered in Walnut Creek, California, Newport is a leading independent retirement services provider 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 -

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.