The Newport Group to Continue Using McCamish VPAS^® Benefit Plan Administration Within its Leading Executive Benefits Platform

ATLANTA--(BUSINESS WIRE)--McCamish Systems, LLC announced today a five-year renewal contract for its services to The Newport Group. Under the agreement, Newport will continue to use McCamish’s recordkeeping platform, VPAS® Benefit Plan Administration, for the administration of their non-qualified deferred compensation business.

“Newport has experienced dramatic growth over the last several years,” according to Richard Magner, head of McCamish’s Retirement Services Group. “We are very pleased to extend our relationship with one of the premier providers in the retirement services and executive benefits marketplace.”

“McCamish’s daily valuation recordkeeping engine allows us to react quickly to changes in the marketplace and stay ahead of the industry,” notes Bryant Kirk, Newport’s Chief Operating Officer. “Their VPAS^® Benefit Plan Administration is one of the best-in-class features of our comprehensive non-qualified services platform.”

“McCamish’s commitment to this growing market is strategically aligned with Newport’s growth plans. We are extremely proud of our historical relationship with this market innovator and look forward to continuing our relationship into the next decade,” said Gordon Beckham, President and Chief Executive Officer of McCamish Systems.

About The Newport Group

Founded in 1984, The Newport Group is a leading retirement services and asset management firm — specializing in the creative design, funding, and administration of qualified and non-qualified retirement plans, as well as co-fiduciary investment consulting services. 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.

About McCamish Systems, L.L.C.

McCamish Systems is a premier, full service provider of BPO services to the Life Insurance Industry. The company supports both traditional and non-traditional life insurance and annuities across a myriad of markets and counts half of the top twenty insurers among its many clients.

McCamish also offers a uniquely comprehensive, fully integrated, 409A compliant sales support and non-qualified benefit administration solution to institutions within the Retirement Services Industry.

McCamish’s intellectual property, including VPAS^® Life, PMACS^®, Deferral+^®, Advisorfolio™ and VPAS^® Benefit Plan Administration, serves as the backbone of the company’s services business model and can be customized to suit unique client requirements.

The VPAS^® Life application supports traditional and non traditional life and annuity products, including specialty products such as private placement and corporate and bank owned products. The PMACS^® (Producer Management and Compensation System) application streamlines the administration processes related to managing and compensating insurance carrier and investment advisory firm field forces, agencies and brokers. The PMACS^® application provides stand alone Producer Services or can be integrated with a McCamish life and annuity outsourcing business.

Deferral+^® and Advisorfolio™ are web-based sales support platforms that accelerate the design, sale, implementation and communication of executive benefit programs and are fully integrated with the VPAS^® Benefit Plan Administration system which provides the recordkeeping functionality for these plans.

In addition to BPO services, McCamish deploys its intellectual property through information technology outsourcing and license solutions.

McCamish Systems is a privately held company based in Atlanta, Georgia. For more information about McCamish Systems, please contact Barbara Grissom, Steve Talnose or Steve Gondek at 800-366-0819, Excellence@McCamish.com, or visit our web site at www.McCamish.com.