Topic: Retirement Plans

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.
 

High-Touch Meets High-Tech

Newport Group and its advisor partner raised the bar with improved client service and more efficient technology options.

Customization Key to Success

Newport  Group helps an insurance company successfully roll out a 401(k) plan benefit for the company's newly acquired employees.

A Better Alternative: Newport Group Helps Client and Advisor

A Better Alternative: Newport Group Helps Client and Advisor Newport Group solutions offer better options for the client and its advisor.

Take a Fresh Look at Plan Eligibility and Vesting

If you’re a plan advisor, you can help your plan sponsor clients revisit their plan’s eligibility and vesting requirements to ensure their plan is competitive and driving their desired participant savings outcomes.
 

Department of Labor Publishes Final Fiduciary Regulations

On April 6, 2016, the Department of Labor (“DOL”) published final regulations defining the types of financial communications with plan sponsors and participants that constitute fiduciary advice under ERISA.

IRS Issues Changes to Determination Letter Program

In IRS Announcement 2015-19, the IRS announced it is making changes to its determination letter program.

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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 InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, 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 adviser. 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.