Knowledge Center

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.

Year-End Testing Results: Did Your Plan Pass or Fail?

Each year, 401(k) plans must pass certain tests to ensure that plan contributions stay within permissible limits. When you receive your plan’s testing results for the 2019 plan year from Newport, your report will show a pass or fail score for each test or limit. If your plan failed one or more tests, you can easily change the score by taking corrective actions such as refunding contributions to higher paid employees or making additional contributions for lower paid employees. 

Non-Qualified Plans and the Coronavirus

The novel coronavirus (COVID-19) has created great economic uncertainties for companies and their employees. This article provides timely information to assist non-qualified plan sponsors in answering the most common questions they may be receiving.

The Impact of the Secure Act on Multiple Employer Plans (MEPs)

Many small- and mid-sized employers have faced significant challenges when it comes to offering a retirement plan to their employees. With the passage of the SECURE Act in 2019, Pooled Employer Plans (PEPs), a type of Multiple Employer Plan (MEP), has become a new option for these employers.

Stable Value Primer

Stable value strategies are investment options that primarily seek to preserve capital and whose return is based on a pre-determined crediting rate. We have developed this primer to expand the dialogue and provide new investment committee members with a strong foundation from which to select and monitor stable value strategies.

Mitigating Retirement Account Fraud: Best Practices to Safeguard Participant Assets

The trend of commercial database breaches involving the disclosure of personally identifiable information (PII) does not appear to be slowing down. As a retirement plan sponsor and fiduciary, there are steps you should take to mitigate the risk of fraud from occurring within your plan.
 

Helping Plan Participants in the New Normal

Plan Sponsor and Advisor Webinar

May 29, 2020

Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus 

Plan Sponsor and Advisor Webinar
April 29, 2020

Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19

Plan Sponsor and Advisor Webinar

April 22, 2020

Newport to Strengthen Huntington Partnership, Acquire Its Retirement Recordkeeping/Admin Business

Newport announced that it has entered into an agreement with Huntington National Bank to assume its retirement recordkeeping and administration business. Huntington will continue to serve as plan advisor for its retirement plan services clients.

Clay Kennedy Joins Newport as Regional Director
 

Newport, a leading provider of retirement plan services, has announced that Clay Kennedy has joined the organization as a Regional Director.

Newport to Assist Clients by Offering Vital 3(16) Administrative Fiduciary Services at No Cost

Newport is offering cost-free 3(16) administrative fiduciary services as a way to assist clients and their human resource departments as they respond to issues stemming from the coronavirus (COVID-19) pandemic.