ESOPs

At Newport Group, we make the complicated simple. And when it comes to complex employee stock ownership plans (ESOPs), our team of professionals has the right combination of tools, technology, and experience to help you launch and manage an effective ESOP program.

Newport Group consultants have extensive experience developing and administering ESOPs with companies across the country. Our professionals have in-depth knowledge of ESOPs, as well as the tax and accounting experience required to successfully manage this type of benefit program.

Our high-touch administrative service is coupled with a consultative approach. We recognize the important impact an ESOP plan has on a company’s financial and tax position, and collaborate with your accountants to fully integrate it into your company reporting. We also work with you if your company is considering an ESOP as a succession planning technique.

Custom Accounting and Reporting

Newport Group’s comprehensive participant accounting services can help you with every aspect of ESOP operation, from census review to Form 5500 preparation and all intervening steps. Unlike some providers, Newport Group tailors our software to make allocations as intended by the provisions of an ESOP—rather than allow the constraints of a software system to dictate the mechanics of ESOP allocations.

Similarly, we design a participant statement that works for your employees. We organize the statement with as much or as little calculation detail and explanation as necessary to communicate effectively with your workforce. For the plan sponsor, we customize reporting in a manner that is more meaningful and user-friendly, and can provide the same report sorted by different criteria. 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment adviser. when offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer.
Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.