During his tenure, AST grew into one of the leading independent trust companies in the country. 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. Est. 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. No Reproduction Without Prior Authorizations. Participant Login FAQ 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. As a provider and partner, Newport is independent, experienced and responsive. 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 Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Privacy PolicyTerms of UseCopyright. Newport Group Will Merge With Ascensus | PLANADVISER 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. According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. THE NEWPORT GROUP, INC. is an Arkansas Foreign For-Profit Corporation filed on June 3, 2008. Retirement plan participants can call Newports Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. The availability of tax advantages or other benefits may be contingent on meeting other requirements. Newport Reviews: What Is It Like to Work At Newport? | Glassdoor Size. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an . Terms of the deal were not disclosed.PNC Bank is one of the largest and most-respected brands in the banking industry, says Greg Tschider, CEO of Newport Group. General FAQ 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. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. 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. 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. Chief Compliance Officer. On average, Wendy Cantey works for one company for 2 years 5 months. "This transaction is a strategic fit for our company . 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? Newport Moline, IL Office | Glassdoor Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. General FAQ Greg Tschider has stepped down as CEO of Newport. Ascensus and Newport Group to Combine and Create a Leading - Benzinga 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 has extensive experience in the retirement services industry. ET. This site is designed for U.S. residents only. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Please update your bookmarks accordingly. Newport Group, Inc. :: Texas (US) :: OpenCorporates 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. 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? New Shoes with Newport Group - Shoes That Fit Since its inception 38 years ago, Newport Group has grown to 1200 employees. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Similarly, Newports clients will benefit from greater access to unique tax-advantaged savings solutions across retirement, education and health provided by Ascensus. The American Society of Pension Professionals & Actuaries is a non-profit professional society. Securities in California are offered through Newport Securities Insurance Services. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION Ascensus and Newport Group to Combine and Create a Leading - PAi.com Most people dont plan to stay in touch with their former employer after they change jobs or retire. Participant Login FAQ 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. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Above it says due to getting pension that SS was not collected on will have to adjust. Newport Group Picks Up Recordkeeping Business of PNC Bank You can read Newports comprehensive analysis of this important legislation here. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Check out all Newport jobs Newport Moline, IL office. The company's filing status is listed as In Existence and its File Number is 0802356195. Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. 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. Type. January 9, 2019 Uncategorized. Enroll in Your Plan, For account questions or help logging in, Most people dont plan to stay in touch with their former employer after they change jobs or retire. Committed financing for the transaction has been provided by Goldman Sachs Bank USA, SPC Financing Company LLC, and KKR Capital Markets LLC. Newport Group was founded in 1985 and its current CEO is Greg Tschider. Were redirecting you to the most relevant section of NewportGroup.com. Greg Tschider | ZoomInfo "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. 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. Get a D&B Hoovers Free Trial. The American Society of Pension Professionals & Actuaries is a non-profit professional society. This site is designed for U.S. residents only. Participant Login FAQ 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. Enroll in Your Plan, For account questions or help logging in, Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Greg Tschider - Crunchbase Person Profile 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. Specifically that with their qualified and non-qualified retirement plan services, fiduciary consulting services, and corporate and bank-owned life insurance practices, Newport will expand the solutions and expertise Ascensus provides to its clients and advisor partners, while Newports clients will gain greater access to unique tax-advantaged savings solutions across retirement, education and health. Newport helps companies offer their associates a more secure financial future through 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. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Please update your bookmarks accordingly. CEO. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. Enroll in Your Plan, For account questions or help logging in, About Us | Retirement, Insurance, Consulting | Newport NEWPORT GROUP, INC. in Austin, TX | Company Info & Reviews Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Our union confirms the hard work of our dedicated employees and partners. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. 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). . Greg Tschider has stepped down as CEO of Newport. 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. 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. The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm.. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Greg Tschider - CEO at Newport Group - Wiza Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping 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. "This transaction is a strategic fit for our company. Ugift is a registered service mark. Edit Contacts Section. The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. 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. Newport Group Headquarters | Comparably 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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. 1985. 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. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Pnc Retirement Directions Newport Group - RetirementTalk.net Greg has 1 job listed on their profile. 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. Company Description We are a leading provider of retirement plans, insurance, and consulting services. 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. Were here to provide trusted guidance during this period of uncertainty. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. 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, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; 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. "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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. General FAQ Were redirecting you to the most relevant section of NewportGroup.com. 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. Contacts. Working at Newport | Glassdoor 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. Specifically that with their qualified and non-qualified retirement plan services, fiduciary consulting services, and corporate and bank-owned life insurance practices, Newport will expand the solutions and expertise Ascensus provides to its clients and advisor partners, while Newports clients will gain greater access to unique tax-advantaged savings solutions across retirement, education and health. 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. Greg Tschider - phone & email - Newport Group - Ceo . COPYRIGHT 2023BY ASPPA. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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 Will His AI Plans Be Any Different? Were redirecting you to the most relevant section of NewportGroup.com. Revenue. 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. Kelso & Company to Make Significant Investment in Newport Group CEO of Newport Group San Francisco Bay Area. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Privacy PolicyTerms of UseCopyright. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Above it says due to getting pension that SS was not collected on will have to adjust. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. Youll learn how you can enhance your hiring and retention strategies. Director, Executive Finance, Legal, Operations. Ascensus gobbles up Newport | Ary Rosenbaum - The Rosenbaum Law Firm P Scott Pollack. 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. Securities in California are offered through Newport Securities Insurance Services. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. The company's filing status is listed as Withdrawn and its File Number is 800135460. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Securities in California are offered through Newport Securities Insurance Services. Verisight and Newport Group merge DC businesses