Articles

Meet the Team

Three questions with Bill Ryan, President and Chief Fiduciary Officer of Newport Trust Company.

2017/2018 Compensation, Retirement, and Benefits Trends Report

Newport Group's Compensation Consulting team has issued our 2017/2018 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.

Required Minimum Distribution Rules Refresher

Most retirement plans require savers to begin taking annual distributions when they reach age 70½, including 401(k) plans, 403(b) plans, governmental 457(b) plans, SEP IRA plans, SIMPLE IRA plans, and traditional IRAs.1 These plans hold primarily pre-tax contributions with tax-deferred investment earnings, so the required minimum distribution (RMD) rules ensure these tax-sheltered savings ultimately become taxable.

A Major Milestone: One Million Plan Participants

We are pleased to announce that Newport Group has achieved a major milestone: providing service to more than one million retirement and benefit plan participants.

2017/2018 CRB Survey: A Sneak Peek

Newport Group's Compensation Consulting team is issuing their 2017-2018 Compensation, Retirement and Benfits Trends Report this month. The survey features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs.

2018 IRS Pension 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.
The IRS announced that there will be cost of living adjustments to certain of the qualified plan limitations for 2018.

Tax Equivalent Returns Using BOLI

A typical BOLI transaction today would result in a tax equivalent yield in excess of 6% depending on carrier, product type and premium account.

Enhancing Online Security for Our Clients

At Newport Group, we take the online security of our clients and their participant retirement accounts very seriously. Data security requires continuous adaptation, as the nature of online threats changes over time. Here are some of the recent protocols we have put in place to help prevent unauthorized access to participant data.

The 2017 Edition of Current Practices in Non-Qualified Deferred Compensation

Newport Group's 2017 edition of Current Practices in Non-Qualified Deferred Compensation summarizes important issues and trends in non-qualified benefit plans. It reflects data compiled from nearly 11% of Fortune 1000 companies about how they structure, administer, and assess the success of their non-qualified plans.

Tax Reform Update

Not much has been accomplished this year on tax reform. Congressional Republicans and the Administration have yet to agree on basic tax reform parameters: whether the legislation must be revenue-neutral or can be a net tax cut, which revenue offsets should be included, and whether tax reform must be permanent. House and Senate Republicans and the Administration are currently in negotiations they hope will result legislation to be released in September.
 

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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.