Articles

The American Rescue Plan, Tax Policy, and an Accelerated Economy

Newport anticipates significant changes and opportunities in 2021, impacting compensation and retirement benefits for highly compensated employees (HCEs) and providing opportunities for companies to rethink their business. Non-qualified plans and company-owned life insurance (COLI) can help companies address cost, compensation, and benefits issues. 
 

Help Employers Address Plan Testing Failures

Economic uncertainty caused by a global pandemic may mean that many plans will not pass year-end testing for 2020. Advisors can use this annual testing process to help clients understand the factors contributing to their testing results and introduce solutions that may help avoid testing failures in future plan years, improve participation rates, and maintain a competitive benefits package that is appealing to highly paid employees.
 

Case Study: Small Pay Adjustments Lead to Big Impacts

Newport assisted a client with assessing the competitiveness of current Board Director compensation levels as compared to market. Newport also performed an analysis of the Board’s strategic support capabilities.

Case Study: Getting the Right Board Directors on the Bus

A Board Chairperson suspected that certain Board Directors no longer embraced the company’s mission and in some instances, Directors did not appear to be fulfilling their fiduciary responsibilities. Newport assisted the client by conducting an unbiased performance appraisal of all of the client’s independent Board Directors.
 

Grow Your Business with a Pooled Employer Plan

Pooled Employer Plans (PEPs) are emerging as a new market for retirement providers—and a new “pool” of clients for financial advisors. These plans ease an employer’s administrative and fiduciary burden while allowing unrelated employers to participate in a single, shared 401(k) plan.
 

New Product News from Newport - Q1 2021

Over the next several months, Newport is introducing five new products aimed at engaging and informing sponsors and participants alike.

'Best in Class' Service, Year After Year

Newport is awarded with 64 "Best in Class" honors in PLANSPONSOR magazine's annual "Defined Contribution" survey.

A Financial Wellness Program Can Increase Productivity and Retirement Readiness

Employers may want to explore offering a financial wellness program regardless of the size of their workforce or the average levels of compensation paid to employees. Most employees can benefit from education and assistance with financial planning associated with life events, such as paying for higher education, buying a home, caring for an elderly relative, and saving for retirement – even if they are not financially stressed.
 

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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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Securities in California are offered through Newport Securities Insurance Services. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov.  

Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company.