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. General FAQ 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). Terms of the deal were not disclosed. We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. Large. 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. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Since its inception 38 years ago, Newport Group has grown to 1200 employees. Youll learn how you can enhance your hiring and retention strategies. This site is designed for U.S. residents only. The materials contained herein are intended for instruction only and are not a substitute for professional advice. This site is designed for U.S. residents only. Newport's experts provideda comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans. Pensions are not only paid for by private employers. Newport Group Chief Executive Officer Education Greg Tschider studied at University of Wisconsin-Madison. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. THE NEWPORT GROUP, INC. is an Arkansas Foreign For-Profit Corporation filed on June 3, 2008. 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. Participant Login FAQ 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. Edit Contacts Section. 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). Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Our union confirms the hard work of our dedicated employees and partners. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. https . Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. 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 Chief Compliance Officer. Enroll in Your Plan, For account questions or help logging in, Peers. Greg has 1 job listed on their profile. Our union confirms the hard work of our dedicated employees and partners. Est. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Above it says due to getting pension that SS was not collected on will have to adjust. 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. Similarly, Newports clients will benefit from greater access to unique tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Printer Friendly View Address: 35 Iron Point Cir Ste 300 Folsom, CA, 95630-8589 United States . and the Ascensus logo are trademarks of Ascensus, LLC. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. 1985. This site is designed for U.S. residents only. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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? 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. Ratings from the Employees at Newport Group's Headquarters In this role, he leads the company's qualified retirement client service teams. 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. 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 Newport's chief operating officer since 2014has been named interim CEO. 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. Director, Executive Finance, Legal, Operations. With the merger, Ascensus-administered assets under administration (AUA) will increase to more than $700 billion, including $184 billion in government savings accounts. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Terms of the transaction were not disclosed. 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. In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. As a provider and partner, Newport is independent, experienced and responsive. 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. Securities in California are offered through Newport Securities Insurance Services. You may also contact your home states 529 plan(s), or any other 529 plan, to learn more about those plans features, benefits and limitations. 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. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. 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. 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. ET. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. 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. . The firms hope to be operating as one team by next spring.. 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. January 9, 2019 Uncategorized. 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. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. 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. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. . 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 . WALNUT CREEK, CA, June 8, 2018 -- Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today that the company has reached an agreement with the private equity firm Kelso & Company (Kelso). / Newport Group, Inc. Newport Group, Inc. Website. 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. Greg Tschider 1 Rating Newport Moline, IL isn't hiring right now. 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. Jacqueline Ward. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Contacts. The American Society of Pension Professionals & Actuaries is a non-profit professional society. Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. Were redirecting you to the most relevant section of NewportGroup.com. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. This webinar provided insight onthe unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. 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. 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? Enroll in Your Plan, For account questions or help logging in, For more information, visitascensus.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. 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. Founded. Privacy PolicyTerms of UseCopyright. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus 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. 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. 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. "This transaction is a strategic fit for our company . 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. 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. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. 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 is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. Type. Were redirecting you to the most relevant section of NewportGroup.com. Securities in California are offered through Newport Securities Insurance Services. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. Kevin Patrick Senior Vice President Operations & Participant Services Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Insurance Company-Owned Life Insurance (ICOLI). Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. 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. 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. Enroll in Your Plan, For account questions or help logging in, Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. 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? 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. Were redirecting you to the most relevant section of NewportGroup.com. call the Participant Service Center at844-749-9981. 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. Enroll in Your Plan, For account questions or help logging in, View Andre Mintz. Participant Login FAQ Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Participant Login FAQ Free and open company data on Texas (US) company Newport Group, Inc. (company number 0802356195), 1350 TREAT BLVD, STE 300, Walnut Creek, CA, 94597. Kieran Brady. Wendy Cantey has been working as a Senior Vice President of Strategic Initiatives and the Enterprise Project Management Office, Technol for Newport Group for 1034 . Non-Qualified Plans and the Coronavirus Ugift is a registered service mark. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. All Rights Reserved 2023 Ascensus, LLC. 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. Check out all Newport jobs Newport Moline, IL office. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. CEO. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. 1 email found 3 phone numbers found . Above it says due to getting pension that SS was not collected on will have to adjust. Multiple locations. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. 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. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Greg Tschider has stepped down as CEO of Newport. EVP, Client Services at Newport Group. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. 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. The transaction is expected to close in the first quarter of 2022, subject to the receipt of regulatory approvals, including review and non-objection by the South Dakota Division of Banking; review and approval by the New Hampshire Banking Department; and satisfaction of other customary closing conditions. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. This on-demand webinar is focused on key levers for retaining talent in todays complex environment. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Funding $0 Acquisitions 2 News Latest News 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 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. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. "This transaction is a strategic fit for our company. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. With industry-leading 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. Company Description We are a leading provider of retirement plans, insurance, and consulting services. Newport Group was founded in 1985 and its current CEO is Greg Tschider. 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. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. Participant Login FAQ Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Greg Tschider serves as the CEO / President of Newport Group. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport.
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