Plan design features that turn employees’ inaction into positive savings behavior, like automatic enrollment and automatic escalation, can increase a plan’s participation and contribution metrics. But employees who understand the importance of their employer’s retirement plan benefits and who are actively engaged in saving for retirement will improve their odds of meeting their retirement income goals.
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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.
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The financial services market research firm DALBAR again ranks Newport's participant and plan sponsor websites among the best in the retirement services industry.
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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.
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Get the latest new products and services from Newport, including payroll notification enhancements, our Financial Wellness Sponsor Insights Report, and more.
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Senior Relationship Manager Jodi Throdahl of our St. Petersburg office has been recognized as a PLANSPONSOR Service Star for her dedication to excellent client service. Jodi was selected from more than 700 retirement services professional nomination for this annual award, which is part of PLANSPONSOR’s annual Defined Contribution Survey—one of the industry’s leading measures of companies’ satisfaction with their plan providers.
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What happens when a plan loan is in default, and what steps do plan sponsors need to take? To keep plans in compliance, plan sponsors that allow plan loans must understand the loan rules and what happens when a a loan is in default.
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Newport's experts reveal key insights on what other private companies are doing to keep their boards engaged and competitive including director pay data, board structures, and a comprehensive overview of data rarely available from a single source.
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