Articles

A Financial Wellness Program Can Increase Productivity and Retirement Readiness

Employers may want to explore offering a financial wellness program regardless of the size of their workforce or the average levels of compensation paid to employees. Most employees can benefit from education and assistance with financial planning associated with life events, such as paying for higher education, buying a home, caring for an elderly relative, and saving for retirement – even if they are not financially stressed.
 

The American Rescue Plan, Tax Policy, and an Accelerated Economy

Newport anticipates significant changes and opportunities in 2021, impacting compensation and retirement benefits for highly compensated employees (HCEs) and providing opportunities for companies to rethink their business. Non-qualified plans and company-owned life insurance (COLI) can help companies address cost, compensation, and benefits issues. 
 

Case Study: Getting the Right Board Directors on the Bus

A Board Chairperson suspected that certain Board Directors no longer embraced the company’s mission and in some instances, Directors did not appear to be fulfilling their fiduciary responsibilities. Newport assisted the client by conducting an unbiased performance appraisal of all of the client’s independent Board Directors.
 

How You Can Benefit From a Performance Assessment of your Independent Board Directors and CEO

All organizations want effective leaders whose values align with those of the organization. Leaders should act with integrity, be ethical, and hold themselves and others accountable to the highest standards of excellence. High-functioning boards and CEOs can enhance and sustain an organization’s competitive advantage in uncertain times, making peformance evaluations a critical aspect of talent management.

Prohibited transactions, exemptions and enforcement for pharmacy benefit managers under ERISA

The reach of pharmacy benefit managers (PBMs) has expanded significantly and they have garnered increased visibility in recent years as their earnings have increased along with the rise in health care costs, particularly prescription drug costs. This brings new opportunities to provide additional support to your current clients--and Newport can help.
 

Help Your Participants Make the Most of their Retirement Plan

You're most likely continuously looking for ways to enhance your retirement plan in a way that's beneficial to employees. But are your improvements effective? Find out how an analysis from Newport can measure how your employees are progressing relative to their retirement goals.

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.

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