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David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. Greg has 1 job listed on their profile. Expanded tax-advantaged savings participant base of more than 15 million people across the U.S. Increase of Ascensus-administered assets under administration to more than $700 billion when combined with Newports business, Diversified client base, including more than 150,000 retirement plans, Management of an industry-leading $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, Broader set of products and solutions delivering enhanced value to new and existing clients, Increased investment in technology and digital solutions designed to enhance partner efficiency and drive saver outcomes, Experienced leadership teams with outstanding track records across both organizations, Continued commitment to service excellence andclient satisfaction offers opportunity to build on world-class NPS scores toset a new performance standard in markets served, Increased size and reach of sales and distribution channel relationships supporting partner growth, Depth and breadth of our combined expertise, including retirement, compliance, actuarial, non-qualified, insurance, and fiduciary services, represents a significant value-add for our clients, Newand expanded career pathopportunities for Ascensus and Newport associates resulting from the combination of two great companies focused on long-term growth, Increased ability to attract, retain, and develop top talent, Continued commitment to a diverse and inclusive work environment where every associate feels welcome, valued, and safe, and enjoys a sense of belonging, A common heritage of integrity and independence, coupled with the resourcefulness and speed of a market innovator. Newport Group Picks Up Recordkeeping Business of PNC Bank Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Please update your bookmarks accordingly. $50M to $100M. Greg Tschider. It takes less than ten minutes to set up your company page. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Pensions are not only paid for by private employers. 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 Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Funding $0 Acquisitions 2 News Latest News Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Newport Group Headquarters | Comparably 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. Youll learn how you can enhance your hiring and retention strategies. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus New Shoes with Newport Group - Shoes That Fit Greg Tschider. Enroll in Your Plan, For account questions or help logging in, The firms hope to be operating as one team by next spring.. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 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. Greg Tschider serves as the CEO / President of Newport Group. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Expanded tax-advantaged savings participant base of more than 15 million people across the U.S. Increase of Ascensus-administered assets under administration to more than $700 billion when combined with Newports business*, Diversified client base, including more than 150,000 retirement plans, Management of an industry-leading $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*, Broader set of products and solutions delivering enhanced value to new and existing clients, Increased investment in technology and digital solutions designed to enhance partner efficiency and drive saver outcomes, Experienced leadership teams with outstanding track records across both organizations, Continued commitment to service excellence and client satisfaction offers opportunity to build on world-class NPS scores to set a new performance standard in markets served, Increased size and reach of sales and distribution channel relationships supporting partner growth, Depth and breadth of our combined expertise, including retirement, compliance, actuarial, non-qualified, insurance, and fiduciary services, represents a significant value-add for our clients, New and expanded career path opportunities for Ascensus and Newport associates resulting from the combination of two great companies focused on long-term growth, Increased ability to attract, retain, and develop top talent, Continued commitment to a diverse and inclusive work environment where every associate feels welcome, valued, and safe, and enjoys a sense of belonging, A common heritage of integrity and independence, coupled with the resourcefulness and speed of a market innovator. 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. This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. 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. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. Newport Reviews: What Is It Like to Work At Newport? | Glassdoor Most people dont plan to stay in touch with their former employer after they change jobs or retire. Newport Group Will Merge With Ascensus | PLANADVISER Alexa Gellinger. Industry Consolidation Stays Hot as Verisight and Newport Join Forces The company's filing status is listed as Withdrawn and its File Number is 800135460. Our union confirms the hard work of our dedicated employees and partners. Search Contacts. 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. Privacy PolicyTerms of UseCopyright. 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. and the Ascensus logo are trademarks of Ascensus, LLC. Type. https . Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . Copyright 2023 Asset International, Inc. All Rights Reserved. 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. The company has more than $150 billion in retirement assets under administration and more than $300 billion in corporate retirement and insurance assets. To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newports chief operating officer since 2014has been named interim CEO. 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. 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. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Participant Login FAQ Newport Group, Inc. Company Profile | Folsom, CA | Competitors This site is designed for U.S. residents only. 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. In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. Youll learn how you can enhance your hiring and retention strategies. 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. Website. " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Terms of the deal were not disclosed. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. 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 . This site is designed for U.S. residents only. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) General FAQ We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Greg Tschider Newport Group CEO Rating | Comparably About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. During his tenure, AST grew into one of the leading independent trust companies in the country. 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. 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. Industry. 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. 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 . Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Eric . Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. 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? The materials contained herein are intended for instruction only and are not a substitute for professional advice. 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. 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. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Company - Private. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. With . Ascensus and Newport Group to Merge | PLANSPONSOR We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. January 9, 2019 Uncategorized. Upromise is a registered service mark. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. 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 and Newport Group to Combine and Create a Leading - Benzinga Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION Greg Tschider has stepped down as CEO of Newport. 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? Chief Human Resources Officer. 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. Martha's email & phone number - Assistant Vice President, Relationship Enroll in Your Plan, For account questions or help logging in, 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. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. Greg Tschider - University of Wisconsin Law School - LinkedIn 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. Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. Investing Companies. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 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 Above it says due to getting pension that SS was not collected on will have to adjust. In this role, he leads the company's qualified retirement client service teams. Large. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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 . Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. 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. Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellons HedgeMark business; and more. Printer Friendly View Address: 35 Iron Point Cir Ste 300 Folsom, CA, 95630-8589 United States . . The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. The American Society of Pension Professionals & Actuaries is a non-profit professional society. Check out all Newport jobs Newport Moline, IL office. " This transaction is a strategic fit for our. 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Kevin Patrick Senior Vice President Operations & Participant 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. Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. . 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. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Since then Greg has changed 4 companies and 2 roles. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. This on-demand webinar is focused on key levers for retaining talent in todays complex environment. 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. Were redirecting you to the most relevant section of NewportGroup.com. 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. Kieran Brady. "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. Scott Pollack - EVP, Client Services at Newport Group | The Org This site is designed for U.S. residents only. 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, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine.