Articles

401(k) Nondiscrimination Testing: Balancing a Top Heavy Determination

A top-heavy determination can cast a bigger shadow than it should for those who may not be aware of the rules surrounding this nondiscrimination test for qualified retirement plans. Here's how you can help employers better understand top-heavy rules.

Impacted by the Great Resignation? Turn it Into the Great Retention

Are you impacted by the Great Resignation? Newport's experts reveal how to turn it into the Great Retention with winning compensation and benefits strategies. 

How the 2022 Cost of Living Increases May Impact Your Retirement Plan

Administering a retirement plan in compliance with the tax laws can be challenging. There are many rules that govern retirement plan operations. Some are tied to the contribution and compensation dollar limit. It’s important to be aware of these limits and how they interact, so you understand when additional employer contributions may be required or a plan design change may help your plan pass nondiscrimination tests. 

Managing Compensation and Benefits in a Competitive Labor Market

Compensation, Retirement and Benefits (CRB) programs are a crucial factor for recruiting and retaining top talent in 2021. Looking ahead to 2022, employers need to strategize about how to keep compensation and benefits programs competitive, while ensuring alignment with strategic company goals.

Add Value by Helping Plan Sponsors Develop a Fiduciary Calendar

Advisors can add value to their retirement plan support services by helping plan sponsors develop a strategy for satisfying their fiduciary duties under ERISA. Here's how to educate your plan sponsor clients about the importance of setting a schedule to complete fiduciary tasks, create a list of topics to address, and whom to invite to their meetings. 

BOLI Market Update

The COVID Economy has created a challenging earnings environment for banks.  Persistent low interest rates and high bank liquidity have caused many banks to look to bank-owned life insurance (BOLI) as an efficient and effective way to generate earnings. In this update, Newport shares the latest developments impacting the BOLI market.

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.
 

Looking for Ways to Help Prepare Your Employees for Retirement?

There’s a new type of 401(k) that can provide your employees with the kinds of benefits typically only found in the retirement plans of the nation’s largest companies. It’s called a pooled employer plan (PEP), and in addition to helping your employees, it can also save your organization time and money.
 

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.
 

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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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Securities in California are offered through Newport Securities Insurance Services. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov.  

Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

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