Chief Financial Officer. 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. See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) 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,
Ascensus and Newport Group to Combine and Create a Leading Provider in Newport Group CEO & Leadership Team Ratings | Comparably Before investing in any 529 plan, please consider whether your or the beneficiarys home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that states 529 plan. "This transaction is a strategic fit for our company . Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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).
Greg Tschider - University of Wisconsin Law School - LinkedIn Director, Executive Finance, Legal, Operations. 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. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. 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. For more information, visitascensus.com. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. 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.
Newport Group Headquarters | Comparably Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 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. 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 1 Rating Newport Moline, IL isn't hiring right now. Revenue. "People Matter.
Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) 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. As a provider and partner, Newport is independent, experienced and responsive. 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. Ratings from the Employees at Newport Group's Headquarters The company's filing status is listed as Withdrawn and its File Number is 800135460. Youll learn how you can enhance your hiring and retention strategies. 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. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 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.
Working at Newport | Glassdoor 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. Copyright 2023 Asset International, Inc. All Rights Reserved. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. 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). Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company.
Ascensus gobbles up Newport. Greg holds a Juris Doctor from the University of Wisconsin Law School and a Bachelors of Business Administration degree in actuarial sciences and risk management from the University of Wisconsin Madison. Company - Private. 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. General FAQ According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Please update your bookmarks accordingly. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Participant Login FAQ This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Peers. Greg has extensive experience in the retirement services industry. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. This transaction is a strategic fit for our company. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited.
Newport Reviews: What Is It Like to Work At Newport? | Glassdoor Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION The firms hope to be operating as one team by next spring.. 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. With Newports business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts. Were redirecting you to the most relevant section of NewportGroup.com.
Ascensus and Newport to Combine and Create a Leading Provider in Tax Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser.
Greg Tschider - CEO at Newport Group | The Org Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. 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. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. In addition, 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. This site is designed for U.S. residents only. 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 firms hope to be operating as one team by next spring.. Eric . Above it says due to getting pension that SS was not collected on will have to adjust. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove 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 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. Upromise is a registered service mark. You can read Newports comprehensive analysis of this important legislation here. Greg Tschider CEO Approval Rating 83/100 Weigh In 1985 Walnut Creek California San Francisco Bay Area Private Merged with Ascensus, LLC Professional Services Payroll & Benefit Support Services 8744 NAICS listing http://www.newportgroup.com Est. "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. 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. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Enroll in Your Plan, For account questions or help logging in, In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! 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). . According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. The CARES Act Effect on Retirement Plans: Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. 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. On average, Wendy Cantey works for one company for 2 years 5 months. 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 She will be supported by Kurt Laning, executive vice president, nonqualified and insurance solutions, along with Newports senior management team. Securities in California are offered through Newport Securities Insurance Services. 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. Most people dont plan to stay in touch with their former employer after they change jobs or retire. General FAQ Will His AI Plans Be Any Different?
Ascensus and Newport Group to Merge | PLANSPONSOR "This transaction is a strategic fit for our company. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. . Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. 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. 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.. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; Get a D&B Hoovers Free Trial. 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. Privacy PolicyTerms of UseCopyright. About. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. 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. 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. 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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellons HedgeMark business; and more. 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. Greg Tschider. $50M to $100M.
Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 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. Funding $0 Acquisitions 2 News Latest News University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. Enroll in Your Plan, For account questions or help logging in, Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. 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. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Printer Friendly View Address: 35 Iron Point Cir Ste 300 Folsom, CA, 95630-8589 United States . The company's filing status is listed as Active and its File Number is 3307407. 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). She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. . Check out all Newport jobs Newport Moline, IL office. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Size. Quality First. Exclusive Hauser Clip, Retiree Health Care Cost Estimates Still Induce Sticker Shock, 401(k)s Increasingly Under Attack in Wake of SECURE 2.0 Passage, Record Increases Forecast for 2023 Contribution and Benefit Limits, Record Increases Projected for 2023 Retirement Plan Limits, Limits on Wealthy Retirement Accounts Not in Inflation Reduction Act, A Fresh Look at Those the WEP Affects, Proposals to Change it, Retirement Savers Withstand 2022 Rollercoaster as Balances Rebound, Good News in PBGC Pension Insurance Data Tables. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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.
Newport Group, Inc. Company Profile | Folsom, CA | Competitors Scott Pollack. Free and open company data on Texas (US) company Newport Group, Inc. (company number 0802356195), 1350 TREAT BLVD, STE 300, Walnut Creek, CA, 94597. David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. To ensure continuity of leadership, operations, and client service through closing, Laura. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. and the Ascensus logo are trademarks of Ascensus, LLC. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business.
NEWPORT GROUP, INC. in Walnut Creek, CA | Company Info & Reviews 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 materials contained herein are intended for instruction only and are not a substitute for professional advice. 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. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. Kevin Patrick Senior Vice President Operations & Participant Services 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 welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. Participant Login FAQ Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. 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. 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. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Participant Login FAQ 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?
David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport.
Ascensus gobbles up Newport | Ary Rosenbaum - The Rosenbaum Law Firm P 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. in Austin, TX | Company Info & Reviews Evercore acted as exclusive financial advisor to Newport in connection with the transaction. January 9, 2019 Uncategorized.
Newport Group Enters into Definitive Agreement to Purchase PNC Bank's We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Greg Tschider. Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. As a combined company, well be able to even further advance our mission of helping individuals save for what matters., SPONSORED MESSAGE SCROLL FOR MORE CONTENT.
Ascensus and Newport Group to Combine and Create a Leading Provider in DailyAccess expands service offerings to health and welfare and investment advisory 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. 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. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. Our union confirms the hard work of our dedicated employees and partners.
Ascensus, Newport Group merge - InvestmentNews DRESHER, Pa., Nov. 3, 2021 /PRNewswire/ -- Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, announced that it has entered into a .
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