Articles

2022 IRS Plan Limits

The IRS announced its cost-of-living adjustments (COLA) for 2022. These limits are important for both tax-qualified retirement plans as well as many non-qualified plans.

Sneak Peek: A Preview of Our 2021-2022 Compensation, Retirement and Benefits Trends Survey

Each year, Newport’s Compensation Consulting team surveys employers across the country to gather data on the current state of compensation, retirement and benefit programs. The result is our annual Compensation, Retirement and Benefits Trends Report.
 

How You Can Help Secure Retirement Plan Data

Newport understands how important data security is to your business and ours. October is “Cybersecurity Awareness Month,” a good opportunity to share some of the resources we have available that can help you protect your retirement plan data.
 

Have Your Clients Considered a PEP Yet?

Have your plan sponsor clients asked you whether they should be considering a Pooled Employer Plan (PEP)? If you don’t offer your own Pooled Employer Plan (PEP), you can find out about the key benefits of the Newport Secure Retirement PEP and how it may be an appropriate retirement solution to offer your clients.
 

A Preview for Financial Advisors of Our Upcoming CRB Trends Report

Remote work and flexible work arrangements, wellness programs and financial education were among the top trends observed across industry reports, including Newport’s annual Compensation, Retirement and Benefits Trends Report. Check out a preview here.
 

Legislative Update: More Changes May be Coming for Retirement Plans

The SECURE Act, passed into law during the last few days of 2019, was designed to make retirement plans more accessible to employees and less cumbersome for employers to sponsor and administer. The full impact of many of these changes has yet to be measured, but legislators are forging ahead with more proposals intended to help American workers’ save for retirement. 

Our Commitment to Protecting Your Data 

Newport understands how important information and data security is to your business and ours. The trust you place in us to protect your important and often confidential information forms the foundation of our long-term relationship, and we understand our obligations to manage it effectively and securely.
 

Compensating a Remote Workforce

The global pandemic has enabled employees across industries to become adept at virtual collaboration. Technology has transformed meetings where co-workers, colleagues and clients have become familiar online faces. Many organizations are now considering maintaining this model into the near future, but a common question is how to factor in location to determine employee pay.
 

New Product News 

Get the latest new products and services from Newport, including payroll notification enhancements, our Financial Wellness Sponsor Insights Report, and more.

BOLI Considerations During Mergers and Acquisitions

More bank mergers and acquisitions were announced in April 2021 since the COVID-19 pandemic hit the United States in March 2020. Bank consolidations are complex, time consuming and costly, with focus justifiably on systems branch network and employee culture. But one area that is frequently overlooked is the acquired BOLI portfolio.

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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.