A Unique Retirement Solution
For many businesses, providing employees with a traditional retirement program is not feasible. Either it is too costly or the administrative burdens are too high.
Pooled employer plans (PEPs) offer a unique solution. In this plan, employers “pool” together and participate in a group 401(k) plan arrangement—providing their employees with a contemporary retirement program at an affordable rate with fewer compliance burdens than stand-alone defined contribution plans.
Newport Secure Retirement: Convenience. Simplicity. Efficiency.
Newport Secure Retirement* is an affordable, turnkey pooled employer retirement plan. Participating employers outsource certain administrative and fiduciary responsibilities to Newport, including daily plan operations.
This arrangement gives employers more time to focus on what matters most: broadening their business and growing their bottom line, all while helping their employees prepare for retirement.
Ready to learn more about an Ascensus PEP? Click here.
*Registered as the Newport Secure Retirement Pooled Employer Plan with the Department of Labor.
Newport Group, Inc. is a registered Pooled Plan Provider offering professionally-managed Pooled Employer Plans (PEPs). More information regarding Newport's registration and available plans can be found using the search function at www.efast.dol.gov.
20220128-2002967