Newport’s Response to Coronavirus (COVID-19)
During these uncertain times, Newport is committed to serving advisors, employers and their employees with timely, relevant information and support.
Is Your Plan Surviving the Pandemic?
New tax laws and IRS guidance combined with changing conditions for many participants require plan sponsors to manage their plan in new ways. In this webinar, Newport provides guidance to plan sponsors and their advisors who may be facing challenges.
BOLI in the Age of COVID
The coronavirus pandemic has had a dramatic impact on companies across the nation, including financial institutions. This webinar can help you learn how COVID-19 is specifically impacting existing BOLI programs, new BOLI purchases and more.
Managing Challenges for Non-Qualified Plans Related to Coronavirus
This webinar provided insight on the unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans.
The CARES Act Effect on Retirement Plans
Newport's experts provided a comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans.
Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19
Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment.
Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus
Business decisions made to cope with the coronavirus outbreak have the potential to create new obstacles for employers when it comes to their retirement plan. Newport thought leaders shared insight for employers on how this can create opportunities for creative plan solutions.
Helping Plan Participants in the New Normal
As coronavirus restrictions begin to be lifted and workplaces strive for a “new normal,” many questions remain, including those from plan participants. This webinar from Newport was designed to help advisors and plan sponsors guide participants through this uncertain time, all while continuing to assist them in preparing for retirement. It featured a number of services that Newport provides that can help (participant education and outreach, etc.).
Surveys and Data
Compensation, Retirement and Benefits Trends Survey
Our annual survey of compensation, retirement, and benefits programs includes information on how these programs have been impacted by COVID-19, and the strategies that employers have implemented to contain costs—yet still manage to reward employees and executives.
Executive Benefit Survey
This year’s survey includes a special section on how companies are responding to COVID-19 issues concerning their deferred compensation arrangements.
Articles and White Papers
Compensating a Remote Workforce
The global pandemic has enabled employees across industries to become adept at virtual collaboration. Many companies are now considering maintaining a remote workforce into the near future, but a common question is how to factor in location to determine employee pay.
The American Rescue Plan, Tax Policy, and an Accelerated Economy
Newport anticipates significant changes and opportunities in 2021 that impact compensation and retirement benefits for highly compensated employees (HCEs) and providing opportunities for companies to rethink their business. Non-qualified plans and company-owned life insurance (COLI) can help companies address cost, compensation, and benefits issues.
How the CARES Act Impacts Retirement Plans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed on March 27, 2020, includes several provisions intended to loosen restrictions on and reduce the tax consequences of distributions and loans from retirement plans. You can read Newport’s comprehensive analysis of this important legislation here.
Non-Qualified Plans and the Coronavirus
We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus.
3(16) Administrative Fiduciary Services
Learn more about Newport’s vital 3(16) administrative fiduciary services, which are provided at no cost to clients.
Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants.
Advisors and plan sponsor clients who have specific questions related to The CARES Act or how coronavirus is impacting benefit plans can contact us at firstname.lastname@example.org. Retirement plan participants can call Newport’s Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. ET.