Topic: Retirement Plans

Combining Defined Benefit and Defined Contribution Plans

Creative plan design can help reduce expenses and achieve contribution goals for owners.

2018 Budget Act Contains Retirement Provisions

The Bipartisan Budget Act of 2018 (the “Act”) was enacted on February 9, 2018.  The Act includes a number of provisions that will affect qualified retirement plans.

Enhancing Online Security for Our Clients

At Newport Group, we take the online security of our clients and their participant retirement accounts very seriously. Data security requires continuous adaptation, as the nature of online threats changes over time. Here are some of the recent protocols we have put in place to help prevent unauthorized access to participant data.

Helping 401(k) Participants Invest More Effectively

"Retirement readiness" and "participant outcomes" have not only become buzzwords over the last fives years, they have become a key objective for many plan sponsors. Employers wanting to take a proactive approach toward helping employees prepare for retirement are learning that there is a great deal they can do to promote positive participant outcomes.

When Plan Design Pays Off: Plan Forfeitures

Most advisors understand that plan design has a big impact on participation and savings rates in a retirement plan. An aspect of plan design that may be less well-known but also has a big impact for plan sponsors is the plan forfeiture provision.

Correcting a Failure to File the DOL Top Hat Exemption Letter

Top hat retirement plans (unfunded arrangement that benefit a "select group of management or highly compensated employees" and more commonly known as "Non-Qualified deferred compensation plans") are exempt from most of the requirnment of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), including the obligation to file annual information returns with the IRS on Form 5500.

Best Practices in Index Fund Selection

Index funds are a prominent and growing part of retirement plan design, for good reasons. The category has grown remarkably from $327 billion in 2002 to $2.2 trillion in 2015.1 In addition to low expenses, index funds offer simplicity and relative predictability in comparison to actively managed strategies. However, while index funds are commonly referred to as “passively managed” investments, they are not as simple or homogenous as many investorsperceive them to be.

Streamlined Plan Delivers Success

After declines in participation rates, Newport Group and its advisor partners helped a cabinet manufacturer build a better 401(k) Profit Sharing Plan.

New Design Options Yield Big Results

When an architectural/engineering firm wanted to increase plan participation and offer additional options to increase retirement savings, Newport Group and its advisor partner diagnosed a contemporary solution that delivered effective results.
 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and Newport Group Consulting, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and Newport Group Consulting, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment advisers. When offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer. Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.