Available exclusively to Newport clients and intermediary partners, this service helps leading corporations create effective reward, retention and retirement strategies, the firm said in a press release.
Newport’s proprietary Focus on Total Rewards report identifies an array of competitive insights: the types of executive benefit plan features offered, eligibility requirements, plan participation statistics, deferral sources, vesting, distribution options, and funding alternatives—as well as the prevalence of these features among their peer companies. It also shows the competitive economic value of these benefits across peer groups.
The Focus on Total Rewards report is powered by information compiled by Newport’s partner firm Main Data Group, a research and consulting company and a source of executive benefit and total reward information. Content is derived from a vast array of publicly available information including proxy statements, 10k, 11k, and plan document filings, and is included in the report together with proprietary information gathered by Newport.
“Recent surveys indicate that executive benefit plans continue to be a significant part of a company’s total compensation,” Newport CEO Bryant Kirk said in the announcement. “Over 90% of Fortune 1000 companies offer one or more of these plans to their executives. Knowing what specific plan features one’s peers are offering to key talent can be a critical barometer for assessing the effectiveness of your own company’s program.”More about the Newport Group is at http://www.newportgroup.com.