Articles

2021 IRS Plan Limits

Each year, the Internal Revenue Service publishes updated dollar limitations for tax-qualified defined benefit and defined contribution plans. The limits are important for tax-qualified plans, as well as many non-qualified plans.

Preview: Newport's 2020-2021 Compensation, Retirement, and Benefits Survey

How have compensation, retirement, and benefits programs been impacted by COVID-19?  What strategies have employers implemented to contain costs yet manage to reward staff and executives? Find the answers in Newport's 2020-2021 Compensation, Retirement, and Benefits Survey.
 

New Rules Simplify Electronic Delivery to Plan Participants 

The DOL has released a new, simplified method for electronically delivering ERISA-mandated notices and disclosures. The new method, referred to as the “Notice and Access” approach, removes the initial consent requirement and the requirement to obtain new consent following hardware or software changes.

Chamber of Commerce Members Benefit from MEP: A Case Study

Newport and its advisor partner worked together to establish a MEP, offering a low cost, operationally efficient and fiduciary protected solution for local businesses.

Newport Executive Benefits Survey Details the Latest in NQDC Plans

What are the latest trends in executive benefit plans? And how have these programs been impacted by the economic impact of COVID-19? Find out in the 2020 Newport/PLANSPONSOR Executive Benefits Survey Report.
 

Newport Achieves High Rankings in PLANSPONSOR Recordkeeping Survey

PLANSPONSOR magazine, a premier monthly publication reporting on the retirement industry, has again ranked Newport among the nation’s largest and fastest growing defined contribution recordkeepers.

The Impact of COVID-19 on Bank Owned Life Insurance 

Newport has received a number of questions from our clients and advisor partners regarding the impact of COVID-19 on Bank Owned Life Insurance and the life insurance industry. The potential impact of a global pandemic specific to the insurance industry includes: mortality impact, operational impact and economic impact.  
 

Newport's Financial Wellness Center Helps Participants Prepare 

As part of Newport’s holistic approach to participant retirement readiness, we’ve recently enhanced our Financial Wellness Center (FWC), specifically designed to help plan participants prepare for retirement and beyond.

Financial Wellness Today, Readiness Tomorrow

Many Americans were not on a firm path to financial wellness before the pandemic and may fall even further behind during these challenging times. Financial advisors are uniquely positioned to help plan sponsor clients and their employees through today's challenges and beyond through financial wellness education and tools.

Preview: Newport's 2020-2021 Compensation, Retirement, and Benefits Survey

This year, we launched the survey early to bring results sooner to our clients and colleagues.  Beyond the general trends, there is additional focus on how organizations are strategically managing compensation, retirement, and benefits programs in response to COVID-19. Below are just a few of the key findings of Newport’s Compensation, Retirement and Benefits (CRB) Trends Report for 2020-21.
 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.
Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc.
Securities are offered through Newport Group Securities, Inc., a dually registered investment advisor and broker dealer, member FINRA and affiliate of Newport Group, Inc. Securities in California are offered under the Newport Securities Insurance Services. See BrokerCheck for more information. Other insurance products may be offered by Newport Group, Inc.
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Newport Trust Company, is a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.