Company News

How Newport is Responding to COVID-19

Mar 17, 2020

A Message from Newport's CEO

I wanted to take a moment to connect with you personally on how Newport is responding to the coronavirus (COVID-19) outbreak.

First and foremost, our thoughts are with everyone who has been impacted by this virus—both globally and here at home in the communities in which we live and work.

During these turbulent times, Newport is focused on serving clients and retirement plan participants while also doing what we can to protect the health and well-being of our employees and communities. Our executive team is monitoring the situation daily, and we have a comprehensive business continuity plan in place so that we are well prepared to respond to ongoing developments.

I often say that Newport is more than a retirement provider. We are a service organization—one that helps people prepare for their future. We believe what we do is important, and we’re working hard to minimize any impact to you, our clients. Our teams will continue to provide timely, relevant information and resources to assist you.

These are uncertain times, but our commitment to you remains as strong as ever. Thank you for your continued support and trust in us.

Greg Tschider
Chief Executive Officer, Newport

 

Informative Webinars

Managing Challenges for Non-Qualified Plans Related to Coronavirus
This webinar provided insight on the unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans.

The CARES Act Effect on Retirement Plans:
Newport's experts provided a comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans.

Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19
Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment.

Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus

Business decisions made to cope with the coronavirus outbreak have the potential to create new obstacles for employers when it comes to their retirement plan. Newport thought leaders shared insight for employers on how this can create opportunities for creative plan solutions.

Helping Plan Participants in the New Normal
This webinar from Newport was designed to help advisors and plan sponsors guide participants through this uncertain time, all while continuing to assist them in preparing for retirement. It featured a number of services that Newport provides that can help (participant education and outreach, etc.).

Thought Leadership

How the CARES Act Impacts Retirement Plans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed on March 27, 2020, includes several provisions intended to loosen restrictions on and reduce the tax consequences of distributions and loans from retirement plans. You can read Newport’s comprehensive analysis of this important legislation here.

Non-Qualified Plans and the Coronavirus
We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus.

Newport’s Perspective on Market Volatility
With so much news and real time information readily at hand, it can be difficult for anyone to process what is relevant and critical for making prudent financial decisions. We’re here to provide trusted guidance during this period of uncertainty.

 

How We’re Responding to COVID-19

Learn more about Newport’s vital 3(16) administrative fiduciary services, which are provided at no cost to clients.

Knowledge Center
Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants.
 

Questions?

Advisors and plan sponsor clients who have specific questions related to The CARES Act or how coronavirus is impacting benefit plans can contact us at coronavirusquestions@newportgroup.com. Retirement plan participants can call Newport’s Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. ET.

 

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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.