For millions of Americans, defined benefit plans remain an important part of retirement
. However, these complex plans can consume a significant commitment of a plan sponsor's time and resources. At Newport, our professionals help lessen the administrative burdens of a defined benefit plan, while helping ensure that it meets the plan sponsor's objectives.
Our experienced team of actuaries and consultants conducts a comprehensive analysis of your defined benefit plan, identifying gaps and opportunities for improvement. We can then help you determine strategic guiding principles, goals, and objectives; review plan targets, and present objective recommendations.
Resources for You and Your Employees
We also deliver the resources needed to effectively manage and oversee the administration of your defined benefit plan. You have access to a dedicated secure website offering accrued benefit and modeling information, the ability to communicate with participants, and the ability to access participant information.
For your employees, we offer ongoing participant communications, an integrated website, and participant service center. All of this information is designed to help your employees understand the value of the plan and its impact on their retirement goals.