According to the Identity Theft Resource Center, there were 1,222 data breaches in 2017−exposing more than 172 million records. This easily surpasses the all-time record high set in 2016 of 1,093 data breaches. And that was a whopping 40% increase over 2015’s 780 reported breaches.
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Included in the tax reform legislation passed last December were changes to the previously existing transfer for value rules. These changes were designed to address perceived abuses in the stranger-owned life insurance (STOLI) market, whereby entities are formed for no other reason than to acquire, own and be the beneficiary of insurance policies.
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Newport Group was recently ranked 18th among 60 firms featured in an annual list of top recordkeepers by Plansponsor magazine, the industry’s leading publication.
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IRS Notice 2018-68 (the “Notice”) provides transition guidance under Internal Revenue Code (“Code”) §162(m) that allows employers to deduct all grandfathered non-qualified deferred compensation.
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If you want to change the features of the retirement plan you offer to your employees, or have already implemented changes this year, be sure to amend your plan documents to reflect your choices by December 31 (for calendar-year plans).
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Newport Group has been developing a managed account service, called MAPS, that we plan to launch in 2019. Read on for an exclusive sneak peek at this exciting new product.
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Pay programs are the guidelines, policies and practices employers use to determine employee pay. Why not leverage your pay program to encourage employee retirement plan participation?
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Creative plan design can help reduce expenses and achieve contribution goals for owners.
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