The transaction is expected to close in the first quarter of 2022, subject to receipt of regulatory approvals, including review and non-objection by the South Dakota Division of Banking and review and approval by the New Hampshire Banking Department, and satisfaction of other customary closing conditions. Jacqueline Ward. Est. Verisight will continue to be led by Greg Tschider, who helped a family business based in Chicago roll up trust and custody firms before they sold that and moved on to the record keeping industry. Newport Group Launches as a Unified Brand | PLANSPONSOR Were redirecting you to the most relevant section of NewportGroup.com. Greg Tschider Chief Executive Officer, Newport Informative Webinars Managing Challenges for Non-Qualified Plans Related to Coronavirus This webinar provided insight on the unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. Pensions are not only paid for by private employers. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. THE NEWPORT GROUP, INC. is an Arkansas Foreign For-Profit Corporation filed on June 3, 2008. Joining with Ascensus provides additional resources to continue the expansion of services, and I am excited to see the new ways that our combined associate teams will work together for our clients.. Specifically that with their qualified and non-qualified retirement plan services, fiduciary consulting services, and corporate and bank-owned life insurance practices, Newport will expand the solutions and expertise Ascensus provides to its clients and advisor partners, while Newports clients will gain greater access to unique tax-advantaged savings solutions across retirement, education and health. As a combined company, well be able to even further advance our mission of helping individuals save for what matters., Musto added, I want to commend Greg Tschider and his team for their leadership and success in building a strong, highly respected, and winning company in our industry., This is a tremendous opportunity for our two companies and our people, said Ramanis. COPYRIGHT 2023BY ASPPA. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Kevin Patrick Senior Vice President Operations & Participant Services Successful organizations have evaluated the competitiveness of their compensation programs, retirement plans, and employee benefits portfolio to effectively compete for and retain the talent that drives success. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. Greg holds a Juris Doctor from the University of Wisconsin Law School and a Bachelors of Business Administration degree in actuarial sciences and risk management from the University of Wisconsin Madison. Check out all Newport jobs Newport Moline, IL office. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Newport Group Purchases PNC Bank's Recordkeeping Business Our union confirms the hard work of our dedicated employees and partners. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm. Enroll in Your Plan, For account questions or help logging in, Working at Newport | Glassdoor We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed on March 27, 2020, includes several provisions intended to loosen restrictions on and reduce the tax consequences of distributions and loans from retirement plans. Ascensus will also have more than 700,000 health and flexible savings and COBRA [Consolidated Omnibus Budget Reconciliation Act] accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 nonqualified retirement plan participant accounts. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ As a provider and partner, Newport is independent, experienced and responsive. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. During his tenure, AST grew into one of the leading independent trust companies in the country. Ascensus, Newport Group merge - InvestmentNews Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. The recent ruling by the circuit judge on the burden of proof is deeply concerning and highlights Subject, of course, to the preservation of capital rule. Scott Pollack - EVP, Client Services at Newport Group | The Org Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 Greg Tschider has stepped down as CEO of Walnut Creek, California-based Newport, and Laura Ramanis, its chief operating officer, will serve as interim CEO until the close of the transaction, the . We may amend this policy from time to time; if we do, we will post those changes on this page within a reasonable time after the change so that you are aware of what information we collect and how we intend to use it. Scott Pollack is Executive Vice President at Newport. Together with its affiliate, Verisight, Inc., the firm has approximately 1,000 associates across the nation, more than 9,500 plans with over 975,000 plan participants, and services more than $120. Greg Tschider - Crunchbase Person Profile Employees 1.0-5.0K Agree? Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). In addition, the companies respective investments in technology, digital capabilities, and analytics will deliver enhanced value to clients, expand client relationships, and create better outcomes for savers. call the Participant Service Center at844-749-9981. Type. Successful organizations have evaluated the competitiveness of their compensation programs, retirement plans, and employee benefits portfolio to effectively compete for and retain the talent that drives success. Director, Executive Finance, Legal, Operations. Contacts. This site is designed for U.S. residents only. " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. As a provider and partner, Newport is independent, experienced and responsive. This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Newport Group Executive Team | Comparably Please update your bookmarks accordingly. This site is designed for U.S. residents only. Our union confirms the hard work of our dedicated employees and partners. Ascensus Scoops Up Newport Group - National Association of Plan Advisors Greg Tschider CEO Approval Rating 83/100 Weigh In 1985 Walnut Creek California San Francisco Bay Area Private Merged with Ascensus, LLC Professional Services Payroll & Benefit Support Services 8744 NAICS listing http://www.newportgroup.com Est. Expand thetax-advantaged savings participant base of more than 15 million people across the country, Increase Ascensus-administered assets under administration to more than $700 billion when combined with Newports business, Provide management to $184 billion in government savings accounts (including 529 plans, ABLE savings accounts, and state-facilitated retirement programs), more than 700,000 health and flexible savings and COBRA accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 non-qualified retirement plan participant accounts, Why the New ESG Rule And Why Now? DRESHER, Pa., Nov. 3, 2023 /PRNewswire/ Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, announced that it has entered into a definitive agreement under which Newport Group (Newport), the Walnut Creek, California-based retirement services provider, will merge with Ascensus.The newly combined organization will offer a broader . David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Newport Group Headquarters | Comparably Most people dont plan to stay in touch with their former employer after they change jobs or retire. Multiple locations. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Integrity Always." is a registered trademark used under license by Ascensus, LLC. EVP, Client Services at Newport Group. Will His AI Plans Be Any Different? Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. The capital behind Verisight is Stone Point, a hedge fund in Greenwich, Conn. that bought out the Chicago family office a couple of years ago. Newport Group Picks Up Recordkeeping Business of PNC Bank To ensure continuity of leadership, operations, and client service through closing, Laura Ramanis who has served as Newport's chief operating officer since 2014has been named interim CEO. To ensure continuity of leadership, operations, and client service through closing, Laura Ramaniswho has served as Newport's chief operating officer since 2014has been named interim CEO. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Get a D&B Hoovers Free Trial. web design and development by new target, inc. Please update your bookmarks accordingly. retirement plan provider mergers and acquisitions, House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans, SS&C Hires Nelson From Tata Consultancy as Retirement Business COO, Senate Follows House in Rejecting DOL ESG Rule, End Of The Road For Defined Benefit Plans? Newport Group - Contacts, Employees, Board Members, Advisors & Alumni Above it says due to getting pension that SS was not collected on will have to adjust. Job Department. Free and open company data on Texas (US) company Newport Group, Inc. (company number 0802356195), 1350 TREAT BLVD, STE 300, Walnut Creek, CA, 94597. THE NEWPORT GROUP, INC. in Little Rock, AR | Company Info & Reviews About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. With so much news and real time information readily at hand, it can be difficult for anyone to process what is relevant and critical for making prudent financial decisions. Securities in California are offered through Newport Securities Insurance Services. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. General FAQ We look forward to working with Laura Ramanis and her leadership team to unify our organizations in the months ahead and are eager to be operating as one team by next spring., Strategically Compelling CombinationMarket Strengths. Knowledge Center Ascensus gobbles up Newport. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. About Us | Retirement, Insurance, Consulting | Newport Greg Tschider. Newport Group CEO & Leadership Team Ratings | Comparably The firms hope to be operating as one team by next spring.. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. web design and development by new target, inc. Greg has 1 job listed on their profile. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Ascensus and Newport Group to Combine and Create a Leading Provider in Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. Greg Tschider has stepped down as CEO of Newport. Newport Group company overview, insights, and reviews | Lensa Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . $50M to $100M. The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm.. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Greg Tschider - CEO at Newport Group | The Org Securities in California are offered through Newport Securities Insurance Services. Terms of the deal were not disclosed.PNC Bank is one of the largest and most-respected brands in the banking industry, says Greg Tschider, CEO of Newport Group. The company's filing status is listed as In Existence and its File Number is 0802356195. By using our website, interacting with us on social media, or communicating with us via email or other electronic messages (Digital Presence), you consent to the collection, use, and storage of your personal and non personal information as described by our Terms & Conditions of Use, which includes our Privacy & Security Statement. Youll learn how you can enhance your hiring and retention strategies. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. The Newport Group to Acquire Greensboro Operations of Clark Consulting Greg Tschider and the Newport Group leadership team are scored a B- by 9 employees placing it in the Top 40% of companies sized 1,001-5,000 Employees on Comparably. To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newport's chief operating officer (COO) since 2014has been named interim CEO. Kelso & Company to Make Significant Investment in Newport Group ET. Participant Login FAQ If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. This site is designed for U.S. residents only. " This transaction is a strategic fit for our. Eric . Newport Retirement Services Careers and Employment https . Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), An Update on Our Unification with Ascensus, Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey, Newport Websites Ranked Again Among Best in Industry, Ascensus and Newport to Combine and Create a Leading Provider in Tax-Advantaged Savings, Insurance Company-Owned Life Insurance (ICOLI). General FAQ Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. / Newport Group, Inc. Newport Group, Inc. Website. Joining with Ascensus provides additional resources to continue the expansion of services, and I am excited to see the new ways that our combined associate teams will work together for our clients., Noting the significant opportunities to capitalize on the strengths of both companies, Musto said, Ultimately, the talent and extensive experience of our organizations are the most valuable assets our companies bring to this combination. The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm. The American Society of Pension Professionals & Actuaries is a non-profit professional society. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Please update your bookmarks accordingly. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. Pnc Retirement Directions Newport Group - RetirementTalk.net About NewportHeadquartered in Walnut Creek, California, Newport is a leading retirement services provider that helps employersand the advisors who serve themprepare employees for a more financially secure retirement. Participant Login FAQ Greg Tschider 70% approve of Greg Tschider 's performance Founded 1985 Company size 1001 to 5,000 Revenue $25M to $100M (USD) Industry Financial Transaction Processing Headquarters Walnut Creek, CA Link Newport Retirement Services website Opens in a new window Learn more Salaries Kieran Brady. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. How Newport is Responding to COVID-19 | Newport Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. It takes less than ten minutes to set up your company page. Greg Tschider is the Chief Executive Officer at Newport Group. But employers that lose contact with participants who maintain a balance in the companys retirement plan risk breaching their fiduciary duties and jeopardizing the tax-qualified status of their plan. Walnut Creek, CAMay 6, 2019 Newport Group, a leading independent retirement services provider, announced today that it has completed its acquisition of the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. NEWPORT GROUP, INC. in Walnut Creek, CA | Company Info & Reviews . Chief Human Resources Officer. As a combined company, well be able to even further advance our mission of helping individuals save for what matters., Musto added, I want to commend Greg Tschider and his team for their leadership and success in building a strong, highly respected, and winning company in our industry., This is a tremendous opportunity for our two companies and our people, said Ramanis. This site is designed for U.S. residents only. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Ascensus and Newport Group to Combine and Create a Leading - Benzinga Wendy Cantey's email & phone number - Senior Vice President of . The Registered Agent on file for this company is CT Corporation and is located at 124 W Capitol Ave Ste 1400 124 W Capitol Ave Ste 1400, Little Rock, AR 72201. Ascensus and Newport Group to Combine and Create a Leading Provider in Martha's email & phone number - Assistant Vice President, Relationship Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Large. Depending on your interaction with Ascensus, other privacy policies may apply in addition to this Policy. "Evercore's institutional trust and independent fiduciary business has earned the confidence and dedication of its clients through its reputation as a best-in-class service provider and is well-positioned for future growth," said Newport Group Chief Executive Officer Greg Tschider. Exclusive Hauser Clip, Retiree Health Care Cost Estimates Still Induce Sticker Shock, 401(k)s Increasingly Under Attack in Wake of SECURE 2.0 Passage, Record Increases Forecast for 2023 Contribution and Benefit Limits, Record Increases Projected for 2023 Retirement Plan Limits, Limits on Wealthy Retirement Accounts Not in Inflation Reduction Act, A Fresh Look at Those the WEP Affects, Proposals to Change it, Retirement Savers Withstand 2022 Rollercoaster as Balances Rebound, Good News in PBGC Pension Insurance Data Tables. See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping Ascensus completes its merger with Newport. Youll learn how you can enhance your hiring and retention strategies. Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Were here to provide trusted guidance during this period of uncertainty. Greg Tschider Newport Group CEO Rating | Comparably Newport Group, Inc. :: Texas (US) :: OpenCorporates In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. According to a press release, the newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. No Reproduction Without Prior Authorizations. Greg Tschider - CEO at Newport Group - Wiza Were redirecting you to the most relevant section of NewportGroup.com. For more information, visitascensus.com. Moreover, the firms say that the companies respective investments in technology, digital capabilities, and analytics will deliver enhanced value to clients, expand client relationships, and create better outcomes for savers., Ascensus and Newport are both respected leaders in the marketplaceand well-known for service excellence, deep expertise, investment independence, and purpose-built technology, said Musto. On average, Wendy Cantey works for one company for 2 years 5 months. As one company, well deliver so much more than the sum of our capabilitiesand set a new performance standard for service excellence and client satisfaction in the markets we serve. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Under Greg's leadership, Newport has grown to a national full-service retirement provider servicing more than $265 billion of corporate retirement and insurance assets and 1.4 million plan participants. Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. The materials contained herein are intended for instruction only and are not a substitute for professional advice. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus CEO. To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newports chief operating officer (COO) since 2014has been named interim CEO. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Under Greg's leadership, Newport has grown to a national full-service retirement provider servicing more than $265 billion of corporate retirement and insurance assets and 1.4 million plan participants.
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