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. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove reviews. Newport Moline, IL Office | Glassdoor " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. 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. Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. New Shoes with Newport Group - Shoes That Fit 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 Securities in California are offered through Newport Securities Insurance Services. Eric . Ascensus, Newport Group merge - InvestmentNews 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. 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. Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. 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 Chief Executive Officer Education Greg Tschider studied at University of Wisconsin-Madison. Website. 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. "PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. 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. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. 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. Scott Pollack - EVP, Client Services at Newport Group | The Org Securities in California are offered through Newport Securities Insurance Services. Working at Newport | Glassdoor $50M to $100M. 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. 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. Est. Investing Companies. ET. Greg Tschider - Crunchbase Person Profile According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Copyright 2023 Asset International, Inc. All Rights Reserved. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Privacy PolicyTerms of UseCopyright. 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. 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. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. 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 HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. You can read Newports comprehensive analysis of this important legislation here. Learn how to leverage transparent company data at scale. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; 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. Greg Tschider. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Enroll in Your Plan, For account questions or help logging in, 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? The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Pensions are not only paid for by private employers. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. View Andre Mintz. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Terms of the deal were not disclosed. Greg Tschider, Verisight Inc: Profile and Biography How the CARES Act Impacts Retirement Plans 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. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Ratings from the Employees at Newport Group's Headquarters 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. Quality First. web design and development by new target, inc. Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting 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 . 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), Combination represents a compelling strategic fit and creates a leader in tax-advantaged savings that is well-positioned to lead amid industry transformation. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Insurance Company-Owned Life Insurance (ICOLI). 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. Enroll in Your Plan, For account questions or help logging in, Annual Revenue $25-100M Agree? 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. 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 has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Participant Login FAQ Newport Group Purchases PNC Bank's Recordkeeping Business 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 completes its merger with Newport. Participant Login FAQ Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Newport Trust Company formed, offering our clients non-discretionary, directed trustee and custodial services. About. 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. 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. 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. https . Were redirecting you to the most relevant section of NewportGroup.com. General FAQ THE NEWPORT GROUP, INC. in Little Rock, AR | Company Info & Reviews This transaction is a strategic fit for our company. The availability of tax advantages or other benefits may be contingent on meeting other requirements. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Enroll in Your Plan, For account questions or help logging in, No Reproduction Without Prior Authorizations. Depending on your interaction with Ascensus, other privacy policies may apply in addition to this Policy. The American Society of Pension Professionals & Actuaries is a non-profit professional society. 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. Type. Were here to provide trusted guidance during this period of uncertainty. 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 . 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 a press release, the newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. Youll learn how you can enhance your hiring and retention strategies. 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. Greg Tschider is the Chief Executive Officer at Newport Group. 1601 River Drive, Suite 200 Moline, IL, 61265 Get Directions Newport Moline, IL Reviews 5.0 Current Employee, less than 1 year "Great atmosphere and People!" Mar 14, 2017 - Compliance Secialit in Moline, IL Recommends In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an . Newports Perspective on Market Volatility call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus 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). Musk Made a Mess at Twitter. 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. 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. 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). Since then Greg has changed 4 companies and 2 roles. Please update your bookmarks accordingly. This site is designed for U.S. residents only. In this role, he leads the company's qualified retirement client service teams. Committed financing for the transaction has been provided by Goldman Sachs Bank USA, SPC Financing Company LLC, and KKR Capital Markets LLC. Edit Contacts Section. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage 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. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. Get a D&B Hoovers Free Trial. The firms hope to be operating as one team by next spring.. Newport Group - Contacts, Employees, Board Members, Advisors & Alumni / Newport Group, Inc. Newport Group, Inc. Website. We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. " This transaction is a strategic fit for our. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. The American Society of Pension Professionals & Actuaries is a non-profit professional society. Participant Login FAQ Please update your bookmarks accordingly. 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. 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. Greg has 1 job listed on their profile. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Greg Tschider | ZoomInfo Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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. Ascensus Scoops Up Newport Group - National Association of Plan Advisors General FAQ NEWPORT GROUP, INC. in Austin, TX | Company Info & Reviews 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. 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. Newport Group, Inc. Company Profile | Folsom, CA | Competitors 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. Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping Newport Retirement Services Careers and Employment 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. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Securities in California are offered through Newport Securities Insurance Services. Most providers of our size are attached to a larger financial institution. Newport Group Picks Up Recordkeeping Business of PNC Bank We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus. . Were redirecting you to the most relevant section of NewportGroup.com.