Articles

The Purchase of BOLI in the Current Banking Environment

During this challenging economic landscape, Bank Owned Life Insurance (BOLI) remains an asset banks should consider due to the consistent income produced by BOLI policies through high credit quality insurance companies.

Non-Qualified Plans: The Remedy to 401(k) Plan Testing Issues

The COVID-19 pandemic has caused major disruptions to businesses across the country. As a result of difficult employment decisions and reduced contributions, many of your clients' 401(k) plans could potentially fail their 2020 nondiscrimination tests.  Implementing a non-qualified plan could be the solution your clients need.

Newport’s Managed Account Service: Grow Your Business, Help Clients and Their Employees

Newport’s Managed Account service makes it easy for you to offer your defined contribution plan clients a cost-effective, scalable solution for personalized advice to their employees—critically important in times of market volatility. Participants who subscribe pay a small monthly fee, giving them access to professional management at a cost that makes sense.

How Personalized Advice Can Be Beneficial in Uncertain Markets

The longest bull market in U.S. history came to an abrupt end after the World Health Organization declared the coronavirus outbreak a global pandemic, causing a sharp increase in volatility and leaving investors wondering what, if anything, they could do. A managed account service, delivering personalized service, can help avoid this type of second-guessing.

The Benefits of Personalized Advice in Uncertain Markets

The longest bull market in U.S. history came to an abrupt end after the World Health Organization declared the coronavirus outbreak a global pandemic, causing a sharp increase in volatility and leaving investors wondering what, if anything, they could do. A managed account service, delivering personalized service, can help avoid this type of second-guessing.

How The CARES Act Impacts Retirement Plans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed on March 27, includes several provisions intended to loosen restrictions on and reduce the tax consequences of distributions and loans from retirement plans.

Year-End Testing Results: Did Your Plan Pass or Fail?

Each year, 401(k) plans must pass certain tests to ensure that plan contributions stay within permissible limits. When you receive your plan’s testing results for the 2019 plan year from Newport, your report will show a pass or fail score for each test or limit. If your plan failed one or more tests, you can easily change the score by taking corrective actions such as refunding contributions to higher paid employees or making additional contributions for lower paid employees. 

Non-Qualified Plans and the Coronavirus

The novel coronavirus (COVID-19) has created great economic uncertainties for companies and their employees. This article provides timely information to assist non-qualified plan sponsors in answering the most common questions they may be receiving.

Alternatives to Equity Compensation for Private Company Executives

Many of our clients face challenges attracting, motivating, and retaining top executives. To alleviate those challenges, most public companies have some kind of “equity-based” long-term incentive program (LTIP) in place for top executives. LTIPs reward executives for their contributions to value creation as measured by increases in share price.

Improving BOLI Yields by Optimizing Death Benefits

With persistent low interest rates over the last decade, bank-owned life insurance (BOLI) owners have seen the impact on their cash value yields. While many focus on these bottom line yields, the potential for improving yields through death benefit optimization is often overlooked.  
 

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