Yes, the rep from Vanguard that I have e-mailed back and forth with did say that the Newport Group will be the actual ones administering the plan. I believe they are the ones that charge the $5/month fee. Please correct me if I'm wrong.
Now, when you sign up, do you just put in the % you would like in each fund or can you change that from your login at any time? And do you need the $3,000 minimum for the funds?