US retirement and executive benefit plans provider, The Newport Group, has formed a strategic alliance with Analect Benefit Finance (ABF) to offer valuable hedging strategy to executive benefit plan sponsors.
As part of the alliance, the company will provide Total Return Swaps to companies offering executive retirement plans to mitigate the income statement impact often associated with the programs.
Newport chief executive officer Peter Cahall said an effective hedging strategy has been designed by ABF for non-qualified executive retirement programs, such as deferred compensation plans.
''This is a unique capability in the executive benefits marketplace, and it further broadens Newport's suite of services to consultants and advisors who work with us to meet the needs of plan sponsors,'' Cahall added.
The company's automated systems enable seamless facilitation and administration of the Total Return Swap, besides integration of the financial and tax reporting with the sponsor's financial reporting processes.
All details are managed by the company's staff of accountants and plan administrators, who also provide a comprehensive monthly reporting package to the plan sponsor.
Established in 1984, The Newport Group specializes in creative design and administration of retirement and executive benefit plans.