Articles

Compensating a Remote Workforce

The global pandemic has enabled employees across industries to become adept at virtual collaboration. Technology has transformed meetings where co-workers, colleagues and clients have become familiar online faces. Many organizations are now considering maintaining this model into the near future, but a common question is how to factor in location to determine employee pay.
 

New Product News 

Get the latest new products and services from Newport, including payroll notification enhancements, our Financial Wellness Sponsor Insights Report, and more.

BOLI Considerations During Mergers and Acquisitions

More bank mergers and acquisitions were announced in April 2021 since the COVID-19 pandemic hit the United States in March 2020. Bank consolidations are complex, time consuming and costly, with focus justifiably on systems branch network and employee culture. But one area that is frequently overlooked is the acquired BOLI portfolio.

'Best in Class' Service, Year After Year

Newport is awarded with 64 "Best in Class" honors in PLANSPONSOR magazine's annual "Defined Contribution" survey.

Case Study: Small Pay Adjustments Lead to Big Impacts

Newport assisted a client with assessing the competitiveness of current Board Director compensation levels as compared to market. Newport also performed an analysis of the Board’s strategic support capabilities.

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.
 

Copyright © 2015-2021 Newport Group, Inc.  All rights reserved.
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.
Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc.
Securities are offered through Newport Group Securities, Inc., a dually registered investment advisor and broker dealer, member FINRA and affiliate of Newport Group, Inc. Securities in California are offered under the Newport Securities Insurance Services. See BrokerCheck for more information. Other insurance products may be offered by Newport Group, Inc.
For more information about Newport Group Consulting and its services, please refer to our Form ADV Part 2A.
Newport Trust Company, is a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.