Articles

Meet the Team

Meet the Team: Kelly Jennings

Student Loan Obligations Foster New 401(k) Innovation

Abbott Laboratories secured a Private Letter Ruling (PLR) from the IRS, allowing them to make an employer contribution to their 401(k) plan on behalf of employees who are making student loan payments.

Potential Benefits of Consolidating BOLI Administration with
Newport Group

Bank-owned life insurance (BOLI) has been widely accepted by banks of all sizes for well over two decades, and the number of BOLI policies on bank balance sheets has increased steadily during that time. As of September 30, 2018, approximately 3,500 U.S. banks reported owning BOLI, which in aggregate totals over $190 billion of cash value.

Hardship Distribution Rules are Changing and How a 3(16) Administrator Can Help

Most 401(k) plans allow plan participants to access their retirement savings while they’re still working if they have a significant financial hardship. Recent legislation and subsequent IRS guidance have changed the rules governing these hardship distributions.

The Importance of Fiduciary Governance Advice for
Non-Qualified Savings Plans

Non-qualified plans are an excellent tool to help retain, attract and reward executives or highly compensated employees. These plans can provide participants additional tax-deferred benefits above the levels available in their 401(k) plan.

2018/2019 Compensation, Retirement, and Benefits (CRB) Trends Report

Newport Group's Compensation Consulting team has issued our 2018/2019 CRB Trends Report. It features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs. Click here to read our Executive Summary.

Long-Term Performance of General Account BOLI

Newport Group recently conducted a study of General Account BOLI policies to see how they performed versus comparable bank-eligible options. Find out how these BOLI policies fared.
 

Advisor Best Practices: Providing Fiduciary Education to Plan Sponsors

Many employers rely on a financial professionals to help select and monitor investment options for the retirement plan they offer to their employees. But being an advisor allows you to offer more than investment expertise and benchmarking support. You can also provide valuable assistance to your plan sponsor clients by educating them about their fiduciary responsibilities.
 

Highlights from Our 2018-19 Compensation, Retirement and Benefits Trends Report

Using flexible approaches for recruiting, rewarding and retaining talent. Finding “critical” value in non-qualified deferred compensation plans. And turning more frequently to high deductible health plans (HDHPs). These are just a few of the findings from Newport Group’s Compensation, Retirement and Benefits (CRB) Trends Report for 2018-19.
 

Newport Group Takes Center Stage at NAPA’s Non-Qualified Advisor Conference

Our industry leading expertise in non-qualified plans played a major role at a major industry event. Find out more, and learn how you can partner with us in the non-qualified marketplace.
 

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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.