Taking Corrective Measures for Failed Nondiscrimination Testing

Receiving a refund is usually the preferred solution when something doesn’t work out for the consumer. In the case of 401(k) plans, however, refunds aren’t necessarily a good thing. If a 401(k) plan fails required nondiscrimination testing, the business owners and higher paid employees may have to take a taxable refund of some of the salary deferrals they put into their plan account.

Hospital System Health and Welfare Plans Raise Unique Fiduciary Issues 

A group health plan is an employee welfare benefit plan established or maintained by an employer or by an employee organization (such as a union), that provides medical care for participants or their dependents directly or through insurance, reimbursement, or otherwise. Employers that offer health insurance benefits can either purchase health insurance from an insurance company (fully insured plans), or provide health benefits directly to employees (self-insured plans).

The Growing Need for Participant Advice 

Over the last two decades, the 401(k) plan has become the primary retirement savings tool available to employees. Numerous investment options and relatively low administrative costs made 401(k) plans attractive to employers. Companies who previously couldn't afford to offer a retirement plan to their employees now could.

Long-Term Performance of General Account BOLI

Newport Group recently conducted a study of General Account BOLI policies to see how they performed versus comparable bank-eligible options. Find out how these BOLI policies fared.

Highlights from Our 2018-19 Compensation, Retirement and Benefits Trends Report

Using flexible approaches for recruiting, rewarding and retaining talent. Finding “critical” value in non-qualified deferred compensation plans. And turning more frequently to high deductible health plans (HDHPs). These are just a few of the findings from Newport Group’s Compensation, Retirement and Benefits (CRB) Trends Report for 2018-19.

2018/2019 Compensation, Retirement, and Benefits (CRB) Trends Report

Newport Group's Compensation Consulting team has issued our 2018/2019 CRB Trends Report. It features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs. Click here to read our Executive Summary.

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 Newport Group Consulting, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and Newport Group Consulting, 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 advisers. 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.