Director, Executive Finance, Legal, Operations. 1 email found 3 phone numbers found . . 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. Funding $0 Acquisitions 2 News Latest News / Newport Group, Inc. Newport Group, Inc. Website. Terms of the deal were not disclosed. 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. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Scott Pollack. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Enroll in Your Plan, For account questions or help logging in, Youll learn how you can enhance your hiring and retention strategies. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Ascensus completes its merger with Newport. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Greg Tschider - CEO at Newport Group - Wiza About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Banks, Credit Unions, & Financial Institutions, Combination represents acompelling strategic fit and creates a leader in tax-advantaged savings that is well-positioned to lead amid industry transformation. 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. Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. 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. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, China Gives New Backing to Coal Even as Clean Energy Accelerates, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. 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. Enroll in Your Plan, For account questions or help logging in, Search Contacts. The availability of tax advantages or other benefits may be contingent on meeting other requirements. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Job Department. Please update your bookmarks accordingly. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. Contacts. 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? During his tenure, AST grew into one of the leading independent trust companies in the country. 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. Upromise is a registered service mark. According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. Wendy Cantey's email & phone number - Senior Vice President of Were redirecting you to the most relevant section of NewportGroup.com. This site is designed for U.S. residents only. Work Experience Chief Executive Officer Newport 2009-2021 President Wilmington Trust 2008-2008 President Institutional Services 2008-2008 President AST Trust 2003-2008 Education Doctor of Law Kieran Brady. The CARES Act Effect on Retirement Plans: Martha's email & phone number - Assistant Vice President, Relationship Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Revenue. After the acquisition, Greg Tschider, CEO of Verisight, will be chief executive of the qualified retirement plan services business, and Newport CEO Peter Cahall, will be chief executive of the . 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. How Newport is Responding to COVID-19 | Newport Above it says due to getting pension that SS was not collected on will have to adjust. About Us | Retirement, Insurance, Consulting | Newport Newports Perspective on Market Volatility 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. Ascensus and Newport Group to Combine and Create a Leading Provider in The firms hope to be operating as one team by next spring.. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. CEO of Newport Group San Francisco Bay Area. Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). Greg Tschider 1 Rating Newport Moline, IL isn't hiring right now. 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. Greg Tschider. 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 Acquires PNC Bank's Vested Interest | Newport Ascensus Scoops Up Newport Group - National Association of Plan Advisors Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Eric . To ensure continuity of leadership, operations, and client service through closing, Laura. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. View Andre Mintz. Enroll in Your Plan, For account questions or help logging in, 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. Terms of the transaction were not disclosed. Were redirecting you to the most relevant section of NewportGroup.com. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Staffed by an exceptional team of nearly 1,500 retirement, insurance, and consulting professionals, the company provides retirement solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000. Company - Private. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Newport Retirement Services Careers and Employment 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. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Privacy PolicyTerms of UseCopyright. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Scott Pollack - EVP, Client Services at Newport Group | The Org Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 How the CARES Act Impacts Retirement Plans 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 . Participant Login FAQ Above it says due to getting pension that SS was not collected on will have to adjust. EVP, Client Services. This site is designed for U.S. residents only. We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. 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. Following a two-day planned meeting where the organization discussed its priorities for the year, the committee has named a new Alerus names new senior retirement specialist; WTW appoints global head of credit, manager research; and NFP acquires AFS Advisors. Newport Group, Inc. :: Texas (US) :: OpenCorporates No Reproduction Without Prior Authorizations. The company's filing status is listed as Active and its File Number is 3307407. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. "People Matter. Securities in California are offered through Newport Securities Insurance Services. 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. 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. Knowledge Center BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove reviews. Non-Qualified Plans and the Coronavirus Newport Group Enters into Definitive Agreement to Purchase PNC Bank's For more information, visitascensus.com. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Please update your bookmarks accordingly. . Retirement plan participants can call Newports Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. Greg Tschider - phone & email - Newport Group - Ceo "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. 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. Youll learn how you can enhance your hiring and retention strategies. Pensions are not only paid for by private employers. Participant Login FAQ Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. The company's filing status is listed as In Existence and its File Number is 0802356195. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. General FAQ Newport Group - Contacts, Employees, Board Members, Advisors & Alumni Please update your bookmarks accordingly. Securities in California are offered through Newport Securities Insurance Services. 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, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Will His AI Plans Be Any Different? Chief Financial Officer. Newport Reviews: What Is It Like to Work At Newport? | Glassdoor As a provider and partner, Newport is independent, experienced and responsive. "This transaction is a strategic fit for our company . Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. Greg Tschider | ZoomInfo 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. 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. 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. Employees 1.0-5.0K Agree? Newport's experts provideda comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans. Greg Tschider Newport Group CEO Rating | Comparably Enroll in Your Plan, For account questions or help logging in, This site is designed for U.S. residents only. DailyAccess expands service offerings to health and welfare and investment advisory services. Ascensus and Newport are both respected leaders in the marketplaceand well-known for service excellence, deep expertise, investment independence and purpose-built technology, Musto says. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 1985. View Greg Tschider's profile on LinkedIn, the world's largest professional community. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates He previously served as president of Wilmington Trust Retirement and Institutional Services Company (a member of the Wilmington Trust Company family; NYSE: WL) and its predecessor company, AST Capital Trust Company of Delaware. Depending on your interaction with Ascensus, other privacy policies may apply in addition to this Policy. Greg Tschider, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Greg Tschider - CEO at Newport Group | The Org Free and open company data on Texas (US) company Newport Group, Inc. (company number 0802356195), 1350 TREAT BLVD, STE 300, Walnut Creek, CA, 94597. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. 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). 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 Acquires and Welcomes Plan Administrators, Inc. (PAi) Most providers of our size are attached to a larger financial institution. Annual Revenue $25-100M Agree? We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Industry Consolidation Stays Hot as Verisight and Newport Join Forces When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. 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. Participant Login FAQ Greg Tschider serves as the CEO / President of Newport Group. Quality First. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Learn how to leverage transparent company data at scale. 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 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. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 644 followers 500 . Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. $50M to $100M. 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. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. Evercore Agrees to Sell Its Institutional Trust and Independent Ratings from the Employees at Newport Group's Headquarters Newport Group, Inc. Company Profile | Folsom, CA | Competitors Greg Tschider has stepped down as CEO of Newport. Type. The Registered Agent on file for this company is Corporation Service Company D/B/A Csc-Lawyers Incorporationg Service Company and is located at 211 E. 7th Street, Suite 620, Austin, TX 78701-3218. 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. Newport Group Will Merge With Ascensus | PLANADVISER 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. With qualified and nonqualified retirement plan services, fiduciary consulting services and corporate- and bank-owned life insurance (COLI and BOLI) practices, Newport will expand the solutions and expertise Ascensus provides to its clients and adviser partners. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov. https . Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. 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. In this role, he leads the company's qualified retirement client service teams. 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. Newport Group's CEO, Greg Tschider, has a CEO approval rating of 80/100, as scored by 8 Newport Group employees, placing Greg Tschider in the Top 10% of similarly-sized companies for CEO score. Website. 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. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. The wonderful folks at Newport Group, a leading provider of retirement plans, insurance and consulting services, have been working with Shoes That Fit since 2012. Youll learn how you can enhance your hiring and retention strategies. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. 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. All Rights Reserved 2023 Ascensus, LLC. Securities in California are offered through Newport Securities Insurance Services. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Securities in California are offered through Newport Securities Insurance Services.

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