Articles

2018 Budget Act Contains Retirement Provisions

The Bipartisan Budget Act of 2018 (the “Act”) was enacted on February 9, 2018.  The Act includes a number of provisions that will affect qualified retirement plans.

Update: New Disability Claims Regulations

On January 5, 2018, the Department of Labor announced that the new disability claims procedure regulations will go into effect on April 1, 2018. As we previously shared, the Department had delayed the effective date of the new rules from January 1, 2018 to April 1, 2018, in order for it to consider comments and data submitted by interested parties regarding the impact the new rules would have on costs and, ultimately, on workers’ access to disability insurance coverage. 

New Tax Law Has Minimal Impact on Retirement Plans

On December 22, 2017, Public Law No. 115-97, the widely debated new tax legislation, was signed into law.  This law, which was originally called the Tax Cuts and Jobs Act (but that now has no official name due to procedural rules) had, at various stages of the legislative process, a great number of provisions that would have impacted retirement plans.  However, the following are the only provisions in the final version of the law that we anticipate will have an impact (direct or indirect) on retirement plans:

Compensation, Retirement and Benefits Trends Report: Plan Sponsor Webinar Recording

Webinar Recording: Compensation, Retirement and Benefits Trends Report 

Department of Labor to Review Disability Claims Regulations

The Department of Labor recently delayed the effective date of final disability claims procedures regulations. This is to give the Department additional time to review the regulation under Executive Order 13777, which directs federal agencies to review existing regulations and make recommendations regarding those that can be repealed, replaced, or modified to make them less burdensome.

Meet the Team

Three questions with Bill Ryan, President and Chief Fiduciary Officer of Newport Trust Company.

2017/2018 Compensation, Retirement, and Benefits Trends Report

Newport Group's Compensation Consulting team has issued our 2017/2018 CRB Trends Report. It features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs. Click here to read our Executive Summary.

Required Minimum Distribution Rules Refresher

Most retirement plans require savers to begin taking annual distributions when they reach age 70½, including 401(k) plans, 403(b) plans, governmental 457(b) plans, SEP IRA plans, SIMPLE IRA plans, and traditional IRAs.1 These plans hold primarily pre-tax contributions with tax-deferred investment earnings, so the required minimum distribution (RMD) rules ensure these tax-sheltered savings ultimately become taxable.

A Major Milestone: One Million Plan Participants

We are pleased to announce that Newport Group has achieved a major milestone: providing service to more than one million retirement and benefit plan participants.

2017/2018 CRB Survey: A Sneak Peek

Newport Group's Compensation Consulting team is issuing their 2017-2018 Compensation, Retirement and Benfits Trends Report this month. The survey features key survey data as well as commentary and analysis of the latest trends and strategies for managing compensation, retirement and benefits programs.

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment adviser. when offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer.
Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.