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Plan fiduciaries must act prudently and with a high standard of care. In cases of conflict of interest or need for specialized expertise, they can delegate responsibilities to an independent fiduciary like Newport Trust, which has the ERISA expertise to handle various tasks, including litigation settlement reviews, service evaluations, benefits oversight, asset transactions, and compliance with prohibited transaction exemptions.

Investment firms must comply with complex ERISA rules related to self-dealing and prohibited transactions. Asset managers can address conflicts of interest by delegating fiduciary responsibilities and ensuring compliance through independent auditors. Newport Trust partners with both large and boutique investment managers for legal and regulatory compliance, covering various asset types on investment issues, as well as serving as a fiduciary independent auditor for investment managers.

Executives can receive deferred compensation and other benefits through nonqualified plans held in grantor (rabbi) trusts and secular trusts. As a state-chartered trust company, retained as directed or discretionary trustee on behalf of both qualified plans and nonqualified deferred compensation plans. Our expertise is recognized by asset managers, ERISA lawyers, and corporations for handling both complex and straightforward trusts*.

Retirement plans holding company stock offer tax-efficient savings for participants but pose unique challenges for corporate sponsors. Newport Trust helps 401(k) plan sponsors and committees mitigate risks and oversee company stock funds. We also evaluate in-kind contributions and employer securities for defined benefit plans and serve as independent fiduciaries or discretionary trustees for ESOPs.

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Plan fiduciaries must act prudently and with a high standard of care. In cases of conflict of interest or need for specialized expertise, they can delegate responsibilities to an independent fiduciary like Newport Trust, which has the ERISA expertise to handle various tasks, including litigation settlement reviews, service evaluations, benefits oversight, asset transactions, and compliance with prohibited transaction exemptions.

Investment firms must comply with complex ERISA rules related to self-dealing and prohibited transactions. Asset managers can address conflicts of interest by delegating fiduciary responsibilities and ensuring compliance through independent auditors. Newport Trust partners with both large and boutique investment managers for legal and regulatory compliance, covering various asset types on investment issues, as well as serving as a fiduciary independent auditor for investment managers.

Executives can receive deferred compensation and other benefits through nonqualified plans held in grantor (rabbi) trusts and secular trusts. As a state-chartered trust company, retained as directed or discretionary trustee on behalf of both qualified plans and nonqualified deferred compensation plans. Our expertise is recognized by asset managers, ERISA lawyers, and corporations for handling both complex and straightforward trusts*.

Retirement plans holding company stock offer tax-efficient savings for participants but pose unique challenges for corporate sponsors. Newport Trust helps 401(k) plan sponsors and committees mitigate risks and oversee company stock funds. We also evaluate in-kind contributions and employer securities for defined benefit plans and serve as independent fiduciaries or discretionary trustees for ESOPs.

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Plan fiduciaries must act prudently and with a high standard of care. In cases of conflict of interest or need for specialized expertise, they can delegate responsibilities to an independent fiduciary like Newport Trust, which has the ERISA expertise to handle various tasks, including litigation settlement reviews, service evaluations, benefits oversight, asset transactions, and compliance with prohibited transaction exemptions.

Investment firms must comply with complex ERISA rules related to self-dealing and prohibited transactions. Asset managers can address conflicts of interest by delegating fiduciary responsibilities and ensuring compliance through independent auditors. Newport Trust partners with both large and boutique investment managers for legal and regulatory compliance, covering various asset types on investment issues, as well as serving as a fiduciary independent auditor for investment managers.

Executives can receive deferred compensation and other benefits through nonqualified plans held in grantor (rabbi) trusts and secular trusts. As a state-chartered trust company, retained as directed or discretionary trustee on behalf of both qualified plans and nonqualified deferred compensation plans. Our expertise is recognized by asset managers, ERISA lawyers, and corporations for handling both complex and straightforward trusts*.

Retirement plans holding company stock offer tax-efficient savings for participants but pose unique challenges for corporate sponsors. Newport Trust helps 401(k) plan sponsors and committees mitigate risks and oversee company stock funds. We also evaluate in-kind contributions and employer securities for defined benefit plans and serve as independent fiduciaries or discretionary trustees for ESOPs.