The Newport Group is a leading provider of retirement plans, insurance, and consulting services with more than $150 billion of corporate retirement and insurance assets, encompassing over 925,000 plan participants from coast to coast. They are committed to meeting the evolving needs of clients and plan sponsors while adhering to their most important attributes.
They offer state-of-the-art 401(k) plan administration and recordkeeping services that deliver leading-edge technology, easy-to-read participant statements, comprehensive plan accounting, and fully integrated systems — all overseen by a single point of contact for managing conversion and administration from start to finish.
They also administer profit-sharing plans, which serve as powerful incentives for attracting and retaining employees, delivering tax benefits to employers and employees while giving employers contribution flexibility.
Newport Group can help you assess if a profit-sharing plan would complement your existing plan and can design a flexible plan to meet your firm’s unique circumstances.