It is the latest recordkeeper to waive fees because of the coronavirus pandemic.
COVID-19-related distributions will be capped at $100,000 with no mandatory tax withholding requirements and the ability to repay them.
The recordkeeper is making the move in response to the CARES Act.
The firm is also offering free fiduciary and wellness services to employers.
Advisers can guide their sponsor clients towards the assistance that TPAs and recordkeepers can provide.
The solution automatically synchronizes information between the plan sponsor, recordkeeper, investment provider and employees.
Upon closing of the transaction, Vested Interest, which has $17 billion of assets under administration, will operate as part of Newport Group and its employees will join Newport Group.
Obtaining data on participants from retirement readiness tools, recordkeepers and aggregation tools is important in order to tailor effective communications.
How retirement plan advisers need to function as business owners in order to grow their practices.
Only 2.4% discontinued contributions, a mere 2.8% took withdrawals and just 1.3% took hardship withdrawals, ICI data show
The lawsuit challenges the use of retail share classes for the plan's investment menu and revenue-sharing paid to the plan's recordkeeper.