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In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. With Newports business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts. With . Most people dont plan to stay in touch with their former employer after they change jobs or retire. Securities in California are offered through Newport Securities Insurance Services. Enroll in Your Plan, For account questions or help logging in, Upromise is a registered service mark. 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. 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. 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., SPONSORED MESSAGE SCROLL FOR MORE CONTENT. 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. 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 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. Integrity Always." is a registered trademark used under license by Ascensus, LLC. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. (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. 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. We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. The Registered Agent on file for this company is CT Corporation and is located at 124 W Capitol Ave Ste 1400 124 W Capitol Ave Ste 1400, Little Rock, AR 72201. 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. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Greg Tschider. Securities in California are offered through Newport Securities Insurance Services. The company's filing status is listed as In Existence and its File Number is 0802356195. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Ugift is a registered service mark. 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. Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Director, Executive Finance, Legal, Operations. Kevin Patrick Senior Vice President Operations & Participant Services The availability of tax advantages or other benefits may be contingent on meeting other requirements. Greg has extensive experience in the retirement services industry. 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 . Greg Tschider. We may amend this policy from time to time; if we do, we will post those changes on this page within a reasonable time after the change so that you are aware of what information we collect and how we intend to use it. 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 The American Society of Pension Professionals & Actuaries is a non-profit professional society. 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. 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 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 maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Jacqueline Ward. Ratings from the Employees at Newport Group's Headquarters About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Terms of the deal were not disclosed. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. 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.. Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Insurance Company-Owned Life Insurance (ICOLI). January 9, 2019 Uncategorized. David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. web design and development by new target, inc. 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. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. 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. General FAQ Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. Please update your bookmarks accordingly. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Walnut Creek, CAMay 6, 2019 Newport Group, a leading independent retirement services provider, announced today that it has completed its acquisition of the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Newport Group's CEO, Greg Tschider, has a CEO approval rating of 80/100, as scored by 8 Newport Group employees, placing Greg Tschider in the Top 10% of similarly-sized companies for CEO score. Pensions are not only paid for by private employers. 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. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Chief Human Resources Officer. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Greg Tschider 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. Our union confirms the hard work of our dedicated employees and partners. and the Ascensus logo are trademarks of Ascensus, LLC. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. 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. Participant Login FAQ EVP, Client Services. 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.. How the CARES Act Impacts Retirement Plans . 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. https . Will His AI Plans Be Any Different? Privacy PolicyTerms of UseCopyright. 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. $50M to $100M. Please update your bookmarks accordingly. 644 followers 500 . Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. 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. Participant Login FAQ Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Chief Financial Officer. 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. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. In this role, he leads the company's qualified retirement client service teams.