NQDC
NAPAFIRMPARTNERS
Dresher, PA • ascensus.com
Yardley, PA • newcleus.com
Ascensus
Newcleus
Key Contact(s)
Key Contact(s)
Kurt Laning 336.574.8015 • kurt.laning@newportgroup.com Mike Shannon 407.531.5677 • mike.shannon@newportgroup.com
Dan Barbaree 267.291.2130 • dbarbaree@newcleus.com Rich Pearson 267.352.9232 • rpearson@newcleus.com Chris Pezalla 267.352.7392 • cpezalla@newcleus.com
Firm Profile As an Ascensus company, Newport helps millions of people save for a better future. Our independence and flexible product suite enable advisors to tailor solutions for their clients. From pre-sales support through closing, Ascensus is proud to offer unparalleled choice and a commitment to our partners’ success. Ascensus’ data reflects full-service plans on our proprietary platform and doesn’t include plans administered as part of FuturePlan by Ascensus.
Primary Market(s) Served Micro: < 10 eligible participants and < $250,000 in annual contributions Small: 11 to 50 eligible participants and $250,001 to $500,000 in annual contributions Mid: 51 to 100 eligible participants and $500,001 to $1,000,000 in annual contributions Large: 101 to 500 eligible participants and $1,000,001 to $5,000,000 in annual contributions
Firm Profile Newcleus is an industry leader focused on developing innovative compensation, benefits, investment, and finance strategies for employers and their communities. Our personalized product selections, carrier solutions, and talent retention programs are specifically designed to optimize benefits and enhance your investment portfolio. We are committed to fostering lifelong partnerships and unparalleled success. Our state-of-the-art technology platform, MINTS, allows clients to conveniently, and securely, manage their investments and insurance holdings.
Primary Market(s) Served Micro: < 10 eligible participants and < $250,000 in annual contributions Small: 11 to 50 eligible participants and $250,001 to $500,000 in annual contributions
Mega: 500 eligible participants and > $5,000,000 in annual contributions
Mid: 51 to 100 eligible participants and $500,001 to $1,000,000 in annual contributions
Plans/Participants Served By Type*
Large: 101 to 500 eligible participants and $1,000,001 to $5,000,000 in annual contributions
Other Defined Contribution (Account Balance Plan): 1,622 / 140,479 Defined Benefit (Non-account Balance Plan): 46 / 929 457(f) Plans: 44 / 1,093 Phantom Stock/Stock Appreciation Rights Plan: 169 / 15,908
Informal Funding Supported Separate Account Life Insurance, General Account Life Insurance, Institutional Investments, Fixed Indexed Life, Letters of Credit, Annuities, Hybrid Financing, Alternative Investments, Exchange-traded Funds (ETFs), Company Stock, Mutual Funds, Unfunded
Key Differentiating Services Unique Depth and Breadth of Nonqualified Services • Centralized point of contact—Relationship Manager with a comprehensive NQ support team • Leading market share of 1,600+ nonqualified plans • 350+ NQ professionals—accountants, attorneys, actuaries, and consultants Market-Leading Nonqualified Technology • Customized NQ-specific web tools • Fully optimized for mobile and tablet devices High-Touch Participant Communication and Education • Customized communication strategy/campaign • Comprehensive participant education tools Newport, an Ascensus company, is the industry leader in the nonqualified market and has the staff available to assist advisors with sales support, plan design consulting, participant education and funding strategies.
Plans/Participants Served By Type*
Other Defined Contribution (Account Balance Plan): 114 / 468 Defined Benefit (Non-account Balance Plan): 206 / 925 Other: 230 / 1,600
Informal Funding Supported Separate Account Life Insurance, General Account Life Insurance, Institutional Investments, Annuities, Hybrid Financing, Alternative Investments, Company Stock, Mutual Funds, Unfunded
Key Differentiating Services Our personalized product selections, carrier solutions and talent retention programs are individually curated to optimize benefits and improve ROI for each and every client. Newcleus is able to do so, by listening to clients needs, understanding their goals, and continuously monitoring changes in products, tax, interest rates, and market trends to ensure that client investments and plans remain valuable. With this approach and mindset, our proactive consulting, servicing, and support ensures NQDC plan and program success at every level.
Recordkeeping Platforms Used Newcleus’ recordkeeping system is an in-house, proprietary platform that also leverages an open architecture framework to allow for seamless integration and configuration with other third-party platforms.
Recordkeeping Platforms Used Newport’s nonqualified recordkeeping system is a state-of-the-art, in-house proprietary platform. This platform has been built using complete open architecture allowing for easy systems integration and customization. *as of 6.30.23
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