Newport Group is a leading retirement services firm that has specialized in the administration of deferred compensation plans like the SRP for more than 30 years. SRP 2020 annual enrollment was completed through the Newport Group system.

The recordkeeper transition begins on December 21, 2019 and end the week of January 6, 2020 but no later than January 10, 2020. During that time period – called a blackout period – you won’t be able to perform certain activities in your account as of specific dates. Please note that you will be able to make investment changes through December 31, 2019. Learn more here.

To ensure all account information is transferred accurately to the new recordkeeper, during the blackout period you will be unable to manage or change the investments in your account, request loans or distributions, and make withdrawals. Even though the blackout period begins on December 20, 2019 for certain activities, you will be able to make investment changes through December 31. You can learn more about the blackout period here.

You do not have to take any action during the transition period. Your account details will automatically transition to your new SRP account. Historical account data currently available online will not transfer to your new SRP account, so if you want to retain this data, go to your current SRP account and download that information before December 31, 2019.

For questions about your SRP account between now and December 31, 2019 contact the Baker HughesBenefits Center at 1-866-244-3539. After December 31 you can contact your new SRP representatives at 1-800-230-3950.