Articles

New Design Options Yield Big Results

When an architectural/engineering firm wanted to increase plan participation and offer additional options to increase retirement savings, Newport and its advisor partner diagnosed a contemporary solution that delivered effective results.
 

Take a Fresh Look at Plan Eligibility and Vesting

If you’re a plan advisor, you can help your plan sponsor clients revisit their plan’s eligibility and vesting requirements to ensure their plan is competitive and driving their desired participant savings outcomes.
 

Growing Insurer Yield Through Life Insurance Vehicles

The interest in insurance company-owned life insurance (ICOLI) has rapidly increased over the last few years as the economic environment has left insurers with fewer alternatives to meet their objectives.

BOLI Product Performance Over Varying Interest Rate Cycles

BOLI products have provided consistently attractive performance over multiple interest rate cycles, with steady and predictable earnings.

New Proposed Guidance for Deferred Compensation Plans

Along with proposed regulations under Code Section 409A that were issued on June 22, 2016, the Internal Revenue Service simultaneously published proposed regulations providing updated guidance on deferred compensation plans under Internal Revenue Code Section 457. The regulations will generally apply to amounts deferred in calendar years after the date they are finalized, and to amounts deferred prior to that date that were not previously included in income. Until finalized, employers may rely on the proposed regulations.

Department of Labor Publishes Final Fiduciary Regulations

On April 6, 2016, the Department of Labor (“DOL”) published final regulations defining the types of financial communications with plan sponsors and participants that constitute fiduciary advice under ERISA.

IRS Pension Plan Limits Remain Unchanged for 2016

The IRS announced yesterday that there will be no cost of living adjustments to the qualified plan limitations described below for 2016.

IRS Issues Changes to Determination Letter Program

In IRS Announcement 2015-19, the IRS announced it is making changes to its determination letter program.

IRS Reminds Sponsors to Keep Records for Hardship Withdrawals and Plan Loans

The Internal Revenue Service (IRS) recently reminded retirement plan sponsors to keep certain records in regards to hardship withdrawals and plan loans.

Supreme Court Holds No “Presumption of Prudence” Exists for ESOP Fiduciaries

The Supreme Court held that fiduciaries of ESOPs are not entitled to a “presumption of prudence” when their decisions to buy or hold employer stock are challenged.

Unauthorized access is prohibited. This site is designed for U.S. residents only.
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.