Company News

Newport Named Leading DC Recordkeeper by PLANSPONSOR Magazine

Sep 07, 2021

Walnut Creek, CA — Sept. 7, 2021  PLANSPONSOR magazine has ranked Newport as one of the industry’s largest and fastest growing retirement services providers.
In the magazine’s annual “Recordkeeping Survey,” Newport was #1 for new defined contribution plans added in 2020. In addition, we ranked #9 for total retirement plans under management out of 54 companies featured in this year’s survey.
Newport also ranked highly in a number of other areas:

  • #16 in overall plan assets and #19 for total plan participants—up one position in these main survey categories from the previous year
  • #2 for overall non-qualified assets and #2 for total non-qualified plan participants
  • #5 for both total ERISA and non-ERISA plans
  • #10 for both 401(k) plans with less than $10 million in assets and total governmental 457(b) plans

Want to learn more about Newport? Click here to request a proposal.

* 2020 PLANSPONSOR magazine, DC Recordkeeping Survey. All numbers as of 12/31/2020.

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. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Securities in California are offered through Newport Securities Insurance Services. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at, or  

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

Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company.