Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey
Feb 03, 2022
Walnut Creek, CA—February 03, 2022—Newport, a leading provider of retirement plans, insurance, and consulting services, announced today that it has again been ranked among top providers for total “Best in Class” awards in PLANSPONSOR magazine’s 2021 Defined Contribution Survey.
This was another strong, consistent showing for the company in this annual industry survey. Newport was recognized with honors in all service areas measured in the survey. These include participant services, sponsor services and support, investments and fees, and recordkeeping platforms.
In the combined markets for which we qualified; Newport tied for second among the 15 retirement services providers who participated in this year’s survey. And in those markets, we earned every honor possible in the areas of plan administration, investment options and account/client service teams. Even more rewarding, our clients indicated they are very likely to recommend us as a provider.
PLANSPONSOR is the premier monthly publication reporting on the retirement services industry, and its survey is one of the industry’s leading measures of companies’ satisfaction with their plan providers.
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 $150 billion in retirement assets under administration and more than $300 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 nearly 1,500 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.