We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 Participant Login FAQ Funding $0 Acquisitions 2 News Latest News Most providers of our size are attached to a larger financial institution. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Were redirecting you to the most relevant section of NewportGroup.com. On average, Wendy Cantey works for one company for 2 years 5 months. 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. 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. Type. THE NEWPORT GROUP, INC. is an Arkansas Foreign For-Profit Corporation filed on June 3, 2008. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Knowledge Center Reveal contact info Contact details Work email g*****@newpor***.com Valid Reveal Latest update September 27, 2021 Location San Francisco Bay Area Greg's current employer Export Newport Group Website newportgroup.com Industry As a provider and partner, Newport is independent, experienced and responsive. 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. Upromise is a registered service mark. Learn how to leverage transparent company data at scale. January 9, 2019 Uncategorized. The CARES Act Effect on Retirement Plans: Terms of the transaction were not disclosed. Kieran Brady. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). The American Society of Pension Professionals & Actuaries is a non-profit professional society. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. 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. 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. . " This transaction is a strategic fit for our. 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. This site is designed for U.S. residents only. Youll learn how you can enhance your hiring and retention strategies. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Employees 1.0-5.0K Agree? Our union confirms the hard work of our dedicated employees and partners. Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. Size. Were redirecting you to the most relevant section of NewportGroup.com. This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. 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. CEO. 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. 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. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. The availability of tax advantages or other benefits may be contingent on meeting other requirements. 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. Our union confirms the hard work of our dedicated employees and partners. COPYRIGHT 2023BY ASPPA. General FAQ This transaction is a strategic fit for our company. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. In addition, the companies both invest in technology and offer digital capabilities and analytics. Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Managing Challenges for Non-Qualified Plans Related to Coronavirus, Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19, Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus, Helping Plan Participants in the New Normal, How the CARES Act Impacts Retirement Plans, Newports Perspective on Market Volatility, Newports vital 3(16) administrative fiduciary services, 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). 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. 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. 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. . Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. 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. call the Participant Service Center at844-749-9981. 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. No Reproduction Without Prior Authorizations. General FAQ Above it says due to getting pension that SS was not collected on will have to adjust. Quality First. View Andre Mintz. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. COPYRIGHT 2023BY ASPPA. . Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ 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. Greg Tschider 98 Ratings 5.0 Current Employee, more than 8 years "Great place to grow your career" Dec 6, 2022 - Vice President Recommends Positive Outlook Approves of CEO Pros Career growth is encouraged and supported Cons None that I am aware of. Join the conversation on Finance 3m a Commercial Customer Service Representative What's the best way to have a lack of compensation and incentive conversation in your department? Copyright 2023 Asset International, Inc. All Rights Reserved. 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. Please update your bookmarks accordingly. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. Were here to provide trusted guidance during this period of uncertainty. Youll learn how you can enhance your hiring and retention strategies. The company has more than $150 billion in retirement assets under administration and more than $300 billion in corporate retirement and insurance assets. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. Securities in California are offered through Newport Securities Insurance Services. 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? EVP, Client Services at Newport Group. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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. 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. 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.. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Enroll in Your Plan, For account questions or help logging in, Will His AI Plans Be Any Different? Privacy PolicyTerms of UseCopyright. Peers. 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. View Greg Tschider's profile on LinkedIn, the world's largest professional community. "This transaction is a strategic fit for our company. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. 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. The Registered Agent on file for this company is Corporation Service Company Which Will Do Business IN California As Csc - Lawyers Incorporating Serv and is located at 2710 Gateway Oaks Dr Ste 150n, Sacramento, CA 95833. 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. 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's experts provideda comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans. 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. Pension Specialists acquires NextStep Defined Contribution, Inc. Pension Specialists, Inc. is founded in California. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Participant Login FAQ This webinar provided insight onthe unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. Since then Greg has changed 4 companies and 2 roles. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) "This transaction is a strategic fit for our company . 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. $50M to $100M. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. The firms hope to be operating as one team by next spring.. 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. Advisors and plan sponsor clients who have specific questions related to The CARES Act or how coronavirus is impacting benefit plans can contact us at coronavirusquestions@newportgroup.com. Terms of the deal were not disclosed. 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. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. 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. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. 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. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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, Martha works for one company for 9 years 9 months. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company. Investing Companies. Get a D&B Hoovers Free Trial. Enroll in Your Plan, For account questions or help logging in, 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. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Website. NEWPORT GROUP, INC. is a California Stock Corporation - Out Of State - Stock filed on May 14, 2010. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. 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. Participant Login FAQ Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. ET. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. You can read Newports comprehensive analysis of this important legislation here. With Newports business, Ascensus will also see an expanded tax-advantaged savings participant base, which will now reach more than 15 million people across the United States. The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. 1985. 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.
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