ORLANDO, Fla. -- The Newport Group, a national provider of retirement and executive benefit plans, today announced that it is further expanding its national reach in three key locations.

Los Angeles

Newport announced that it is opening a new service center in Los Angeles, CA. The center, which is the firm’s 8^th such facility, will support multiple business lines — offering consulting, financial services, client relationship management, and plan administration to sponsors of retirement and executive benefit plans. These services will complement those provided by other Newport service centers across the country. The new facility, to be opened this summer, will be staffed with locally recruited associates.

“On the West Coast, we have many Fortune 500 clients and a large network of financial advisors with whom we do business,” said Newport Chief Executive Officer Peter S. Cahall. “This new office will enable us to offer these clients and advisors more support than ever, further increase our presence, and expand our market share in this important region.”

“Particularly due to recent consolidations of service providers in the executive benefits marketplace,” Cahall noted, “we have solidified our standing as the premier provider of these types of plans. We believe we are well-positioned to continue our expansion — in executive benefits and the other business lines this office will support.”

Dallas

Newport’s growth has also resulted in the expansion of its Dallas service center, where the firm is increasing the size of its office space and adding to its current staff. This includes the client relationship managers who serve as primary service and relationship management liaisons between Newport and its clients.

“When we opened our Dallas facility in 2011, we were able to draw on a large local group of executive benefits professionals to quickly build a very capable staff,” Cahall said. “In the two years since, our Dallas team has brought many important new clients to Newport. We’re looking forward to the continued growth of this service center.”

Charlotte

Newport also announced that it is significantly expanding its facilities in Charlotte, NC — home to its qualified retirement plan operations, as well as its Participant Service Center and the state-of-the-art data center that houses the firm’s core systems, networking and telecommunications equipment.

“Over the past 10 years, we have continued to increase the size and capacity of our retirement plan operations,” Cahall said. “As one of the nation’s leading providers of 401(k) plans and related financial services, we handle personal and financial data for over a half-million Americans through more than 3,000 retirement and benefit plans nationwide. This expansion will ensure that our facilities continue to keep pace with the growth of our clients and staff.”

About The Newport Group

Founded in 1984, The Newport Group is a leading retirement services firm — specializing in the creative design and administration of retirement and executive benefit plans. Through its innovative and customized solutions, Newport is uniquely positioned to satisfy the distinct financial needs of employers and employees, and has done so for hundreds of the country’s largest and best-known companies.

Newport is headquartered in Heathrow (Orlando) FL, with service centers in Charlotte, NC, Dallas, TX, Greensboro, NC, La Crosse, WI, Los Angeles, CA, Orlando, FL, Richmond, VA, and St. Petersburg, FL. Newport also has offices in Atlanta, Cincinnati, Denver, Nashville, New York, NY, San Francisco, and St. Louis, MO. For more information, visit www.newportgroup.com.