Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") requires deferred compensation to be paid under written agreements specifying both the time when payments commence and the form of payment. Section 409A prohibits earlier payment under an "anti-acceleration" rule.
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New studies continuously show that the American workforce is inadequately preparing for retirement. These go on to claim that poor retirement preparation adds to an employee’s financial stress. Further, the combination of these two factors is impacting employee work productivity, resulting in costs to employers. Are these studies accurate? If so, what can be done to improve the situation? This white paper from Newport explores what is driving retirement preparation in America and the reasons behind financial stress in the U.S. workplace.
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Newport believes that investment managers should be selected and monitored using a well-defined process. Our dedicated team of research analysts combines quantitative analysis and qualitative research to help identify investment managers we believe will provide superior long-term results.
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Stable value strategies are investment options that primarily seek to preserve capital and whose return is based on a pre-determined crediting rate. We have developed this primer to expand the dialogue and provide new investment committee members with a strong foundation from which to select and monitor stable value strategies.
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The trend of commercial database breaches involving the disclosure of personally identifiable information (PII) does not appear to be slowing down. As a retirement plan sponsor and fiduciary, there are steps you should take to mitigate the risk of fraud from occurring within your plan.
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Target date funds provide unique challenges for evaluating and monitoring to meet the standards of ERISA. Learn about the extensive protocol designed by Newport Group.
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Small and mid-size businesses now have greater access to defined contribution retirement plans under regulations issued by the Department of Labor (DOL) on July 31, 2019. The regulations, which loosen prior restrictions on multiple employer plans, take effect on September 30, 2019. The DOL regulations permit employers to connect with associations of employers in a city, county, state or multi-state metropolitan area in order to offer defined contribution retirement benefits to employees. Employers also have the option of banding together by industry to achieve the same purpose.
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As a type of defined benefit pension plan, cash balance plans can help employers attract and retain employees through enhanced benefit security, and maximize annual tax-allowable contributions to “qualified” deferred compensation arrangements through current (versus future) tax deductions.
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Common Questions from Plan Sponsors and Plan Committees
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Personal financial stress in the United States continues to create concern and awareness of economic instability. What makes up the debt and how does it differ from the past?
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