Greg Tschider. Newport Group Acquires PNC Bank's Vested Interest | Newport Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. COPYRIGHT 2023BY ASPPA. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; The Newport Group to Acquire Greensboro Operations of Clark Consulting 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, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. DailyAccess expands service offerings to health and welfare and investment advisory services. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Ascensus completes its merger with Newport. 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 Working at Newport | Glassdoor Ascensus gobbles up Newport | Ary Rosenbaum - The Rosenbaum Law Firm P General FAQ 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. Youll learn how you can enhance your hiring and retention strategies. The CARES Act Effect on Retirement Plans: 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. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. 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. Join the conversation on Finance 3m a Commercial Customer Service Representative What's the best way to have a lack of compensation and incentive conversation in your department? This site is designed for U.S. residents only. During his tenure, AST grew into one of the leading independent trust companies in the country. 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. Newport Group Purchases PNC Bank's Recordkeeping Business On average, Martha works for one company for 9 years 9 months. General FAQ Participant Login FAQ The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Size. 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. 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. Company Description We are a leading provider of retirement plans, insurance, and consulting services. Get a D&B Hoovers Free Trial. Newport Group - Contacts, Employees, Board Members, Advisors & Alumni 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 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 Reviews: What Is It Like to Work At Newport? | Glassdoor Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. 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? Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Were redirecting you to the most relevant section of NewportGroup.com. Alexa Gellinger. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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. Greg Tschider - Crunchbase Person Profile Participant Login FAQ Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. Ascensus will also have more than 700,000 health and flexible savings and COBRA [Consolidated Omnibus Budget Reconciliation Act] accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 nonqualified retirement plan participant accounts. 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). About Us | Retirement, Insurance, Consulting | 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. Non-Qualified Plans and the Coronavirus Our union confirms the hard work of our dedicated employees and partners. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellons HedgeMark business; and more. With . 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. Scott Pollack - EVP, Client Services at Newport Group | The Org Greg Tschider - CEO at Newport Group | The Org Newport Group Picks Up Recordkeeping Business of PNC Bank Were redirecting you to the most relevant section of NewportGroup.com. General FAQ 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. 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. Annual Revenue $25-100M Agree? 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 " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Chief Compliance Officer. 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 call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus Pensions are not only paid for by private employers. Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. This on-demand webinar is focused on key levers for retaining talent in todays complex environment. call the Participant Service Center at844-749-9981. NEWPORT GROUP, INC. is a California Stock Corporation - Out Of State - Stock filed on May 14, 2010. 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. Since its inception 38 years ago, Newport Group has grown to 1200 employees. Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) 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. Terms of the transaction were not disclosed. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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. "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. "People Matter. CEO. Securities in California are offered through Newport Securities Insurance Services. 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. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Ascensus and Newport Group to Combine and Create a Leading Provider in With so much news and real time information readily at hand, it can be difficult for anyone to process what is relevant and critical for making prudent financial decisions. " This transaction is a strategic fit for our. Kieran Brady. 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. Employees 1.0-5.0K Agree? Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Were redirecting you to the most relevant section of NewportGroup.com. Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. The company has more than $150 billion in retirement assets under administration and more than $300 billion in corporate retirement and insurance assets. Newport Trust Company formed, offering our clients non-discretionary, directed trustee and custodial services. Ascensus and Newport Group to Combine and Create a Leading - PAi.com 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. She will be supported by Kurt Laning, executive vice president, nonqualified and insurance solutions, along with Newports senior management team. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. 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. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. How Newport is Responding to COVID-19 | Newport (November 3, 2020) - Newport Group, Inc. (Newport) announced today that it has completed the purchase of Plan Administrators, Inc. (PAi), a third party administrator and recordkeeper headquartered in De Pere, Wisconsin. Greg Tschider is the Chief Executive Officer at Newport Group. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. The company's filing status is listed as In Existence and its File Number is 0802356195. 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. As a provider and partner, Newport is independent, experienced and responsive. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Large. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. On average, Wendy Cantey works for one company for 2 years 5 months. Integrity Always." is a registered trademark used under license by Ascensus, LLC. Ascensus Scoops Up Newport Group - AMERICAN SOCIETY OF PENSION In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Together with its affiliate, Verisight, Inc., the firm has approximately 1,000 associates across the nation, more than 9,500 plans with over 975,000 plan participants, and services more than $120. Similarly, Newports clients will benefit from greater access to unique tax-advantaged savings solutions across retirement, education and health provided by Ascensus. This site is designed for U.S. residents only. 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 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 maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. 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. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . 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. With Newports business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. Greg Tschider | ZoomInfo 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. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates Job Department. THE NEWPORT GROUP, INC. is an Arkansas Foreign For-Profit Corporation filed on June 3, 2008. Greg Tschider has stepped down as CEO of Newport. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. Greg Tschider serves as the CEO / President of Newport Group. 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. 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. Greg has 1 job listed on their profile. 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. Since then Greg has changed 4 companies and 2 roles. About. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing.
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