Mid-year offers opportunity to check in with your 401(k) plan clients to see how their plans fared on mid-year testing. These test results don’t count against the plan in any way, but they are a helpful gauge of whether the plan could fail nondiscrimination testing at year end–when there are consequences for failed testing results.
Read More
Over the past two decades, Bank Owned Life Insurance (BOLI) has shown to be a great asset for banks, but occasionally a policy group may need to be replaced with a new product. A replacement is typically executed via tax-free exchange under Internal Revenue Code Section 1035 (“1035 Exchange”). A 1035 Exchange should not be taken lightly, and there are many factors to consider before executing an exchange.
Read More
An annual cash incentive plan can be a great motivator to drive organizational results. And it all begins with a good plan design.
Read More
Walnut Creek, CA—June 4, 2019—For more than a decade, Newport's plan sponsor and participant websites have consistently been in the Top 10 of reviews by DALBAR, a leading independent market research firm.
Read More
Employers that sponsor non-qualified deferred compensation plans may choose to set aside funds in order to create a pool of assets that can be used to pay benefits that have been promised to executives.
Read More
Plan loans are a popular feature of 401(k) and other retirement plans. Workers may be more likely to save for retirement in an employer sponsored plan if they know they can access their savings during their working years. And if they do need to do so, a plan loan enables them to restore their savings, with interest, back to their retirement plan account.
Read More
It is no secret that retirement benefit plan cost structures have been under intense scrutiny in recent years. Across the board, plan fees have seen a marked decrease which is positive for plan participants and their retirement savings. With these fee compressions, retirement industry service providers with multiple financial services business units have been searching for alternate revenue streams to fill the void. Plan fiduciaries need to evaluate and understand what is being done with plan participant data, as well as the solicitation practices associated with these non-plan products and services.
Read More
An annual cash incentive plan can be a great motivator to drive organizational results. And it all begins with a good plan design.
Read More
Over the past two decades, Bank Owned Life Insurance (BOLI) has shown to be a great asset for banks, but occasionally a policy group may need to be replaced with a new product. A replacement is typically executed via tax-free exchange under Internal Revenue Code Section 1035 (“1035 Exchange”). A 1035 Exchange should not be taken lightly, and there are many factors to consider before executing an exchange.
Read More
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?
Read More