2020
Recordkeeping Survey

Providers

Newport

www.newportgroup.com
Assets ($MM) by Plan Type
Ranked #17$136,949
401(k)41%
403(b)14%
457 1%
NQDC27%
Other17%
Participants by Plan Size
Ranked #201,361,423
<$10MM36%
$10MM – $50MM31%
>$50MM – $200MM18%
>$200MM15%
Plans by Count
Ranked #1623,228
% Third-party administration
60%
Related Offerings
HSA integrationDirect
Student Loan Repaymentvia 3rd party
Financial wellness options1
Service Offerings
New client restrictionsNone
Multiple service modelsYes
Offers corporate trustee servicesYes - direct offering
# of internal ERISA counsel10
Will act as §3(16) fiduciaryYes - direct offering
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportYes
Mobile app
Managed account optionsProprietary offering
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformProprietary recordkeeping system