Introduction
Newport Group
www.newportgroup.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #18 | $105,589 | |||
401(k) | $39,725 | |||
403(b) | $17,356 | |||
457 | $756 | |||
NQDC | $24,349 | |||
All Other | $23,403 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #25 | 1,152,691 | |||
<$10MM | 484,789 | |||
$10MM – $50MM | 366,083 | |||
>$50MM – $200MM | 195,303 | |||
>$200MM – $1BMM | 77,191 | |||
>$1B | 29,325 |
Service Offerings | |
---|---|
New client restrictions | None |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 10 |
Will act as §3(16) fiduciary | Yes - direct offering |
Participant Services | |
---|---|
Call center hours | Weekdays: 8 a.m. - 8 p.m. ET |
Online chat support | No |
Mobile app | Yes |
Managed account options | Proprietary offering |
Retirement Income | |
---|---|
Displays retirement income estimate on statements | No |
Offers in-plan guaranteed retirement income products | No |
Offers out-of-plan annuity bidding service | No |
Recordkeeping Platform Proprietary system |
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*Data has been updated/revised since initial publication in PLANSPONSOR magazine. |