Estate planning options at Newport
Newport is now part of AscensusAcquired, effective April 2022
Ascensus and Newport closed their merger in April 2022, and Newport Group, Inc. is now owned through Ascensus, LLC. Newport continues as Ascensus's executive-benefits and institutional-insurance brand, and newportgroup.com redirects to ascensus.com. Former Newport 401(k), 403(b), and other qualified plans are serviced by Ascensus (secure.ascensus.com, 888-652-8086); Newport nonqualified deferred compensation plans use the Newport-branded portal (secure.newportgroup.com, 800-230-3950).
Beneficiary designations on Newport retirement retirement accounts carry more weight than most people realize. They override a will, control who receives the balance, and determine the tax treatment of inherited distributions. Reviewing these designations after any major life change is essential.
Newport has 4 retirement accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Former Newport 401(k), 403(b) and other qualified plans are serviced by Ascensus: log in at secure.ascensus.com ("Former Newport & PAi Log in").
- Newport nonqualified deferred compensation (NQDC) plans: log in at secure.newportgroup.com.
- 401(k)s, 403(b)s and other qualified plans: 888-652-8086
- NQDC plans: 800-230-3950
- Representatives are available Monday through Friday, 8:00 a.m. to 8:00 p.m. ET.
- Former Newport 401(k), 403(b) and other qualified plans are serviced by Ascensus: log in at secure.ascensus.com ("Former Newport & PAi Log in").
- Newport nonqualified deferred compensation (NQDC) plans: log in at secure.newportgroup.com.
- 401(k)s, 403(b)s and other qualified plans: 888-652-8086
- NQDC plans: 800-230-3950
- Representatives are available Monday through Friday, 8:00 a.m. to 8:00 p.m. ET.
What Newport says about beneficiaries
Each section is Newport's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Employer retirement plan
A trust connects to a qualified plan account as the named beneficiary. Each plan's own rules govern whether a trust may be named and how, and which trust documentation its administrator uses.1
Accounts handled elsewhere1
- Ascensus
Former Newport 401(k), 403(b) and other qualified plans1, 2
Phone: 1-888-652-8086
Hours: Monday-Friday 8:00 AM-8:00 PM ET
Not in Newport's published guidance2
- What the owner provides to name a beneficiary
- A procedure for naming or changing a beneficiary
Sources2
Sources
Data sourced from Newport primary sources (12 pages reviewed). How we research.
Download these Newport instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Newport primary sources. Bring it to the branch or keep it beside the phone.
Newport estate support
Participant services
Phone
Nonqualified Deferred Compensation (NQDC) participants
Employers, plan sponsors, advisors, and TPAs
Insurance - COLI, BOLI, ICOLI, CUOLI (Newport)
Newport Trust Company - Special Fiduciary Services
Investment and Fiduciary Consulting (Newport)
Compensation Consulting (Newport)
Banks, credit unions, and financial institutions
General inquiries
Hours
Website
Estate requests go through general customer service.
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