Pnc Retirement Directions Newport Group - RetirementTalk.net "This transaction is a strategic fit for our company . The company has more than $150 billion in retirement assets under administration and more than $300 billion in corporate retirement and insurance assets. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company. Newport Group Will Merge With Ascensus | PLANADVISER Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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. 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. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. 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 This site is designed for U.S. residents only. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. Our union confirms the hard work of our dedicated employees and partners. Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. " This transaction is a strategic fit for our. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. This on-demand webinar is focused on key levers for retaining talent in todays complex environment. 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. In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellons HedgeMark business; and more. 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. Please update your bookmarks accordingly. "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. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. The Registered Agent on file for this company is Corporation Service Company D/B/A Csc-Lawyers Incorporationg Service Company and is located at 211 E. 7th Street, Suite 620, Austin, TX 78701-3218. General FAQ Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Newport Group Acquires PNC Bank's Vested Interest | Newport If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Terms of the transaction were not disclosed. 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. 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 expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. 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. Peers. Greg Tschider, Verisight Inc: Profile and Biography Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. Please update your bookmarks accordingly. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. The company's filing status is listed as Withdrawn and its File Number is 800135460. Ugift is a registered service mark. 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. 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. ET. Newport Group CEO & Leadership Team Ratings | Comparably Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. 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. Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) Newport Group Chief Executive Officer Education Greg Tschider studied at University of Wisconsin-Madison. " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. With industry-leading 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. Greg Tschider - University of Wisconsin Law School - LinkedIn Company Type FOREIGN STOCK Jurisdiction California (US) Branch Branch of VERISIGHT, INC. (Delaware (US)) Registered Address 1350 TREAT BOULEVARD SUITE 300 WALNUT CREEK CA 94567 United States Agent Name CORPORATION SERVICE COMPANY WHICH WILL DO BUSINESS IN CALIFORNIA AS CSC - LAWYERS INCORPORATING SERVICE Agent Address 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). 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 . She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Kieran Brady. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. / Newport Group, Inc. Newport Group, Inc. Website. 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. Newports Perspective on Market Volatility Greg Tschider Chief Executive Officer, Newport Informative Webinars Managing Challenges for Non-Qualified Plans Related to Coronavirus This webinar provided insight on the unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates Newport Group, Inc. Company Profile | Folsom, CA | Competitors Youll learn how you can enhance your hiring and retention strategies. Enroll in Your Plan, For account questions or help logging in, Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Please update your bookmarks accordingly. Enroll in Your Plan, For account questions or help logging in, Newport Retirement Services Careers and Employment Eric . Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. For more information, visitascensus.com. 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. 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. Ascensus gobbles up Newport | Ary Rosenbaum - The Rosenbaum Law Firm P Retirement plan participants can call Newports Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. 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. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. On average, Wendy Cantey works for one company for 2 years 5 months. 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. 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. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Evercore Agrees to Sell Its Institutional Trust and Independent We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. 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. Check out all Newport jobs Newport Moline, IL office. Industry. EVP, Client Services at Newport Group. General FAQ Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. The materials contained herein are intended for instruction only and are not a substitute for professional advice. As a provider and partner, Newport is independent, experienced and responsive. Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. Since its inception 38 years ago, Newport Group has grown to 1200 employees. 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, 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). Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Enroll in Your Plan, For account questions or help logging in, 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. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove reviews. 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. Were here to provide trusted guidance during this period of uncertainty. Ascensus and Newport Group to Merge | PLANSPONSOR Most people dont plan to stay in touch with their former employer after they change jobs or retire. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Chief Human Resources Officer. 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. Job Department. 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. The CARES Act Effect on Retirement Plans: . Kevin Patrick Senior Vice President Operations & Participant Services Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. DRESHER, Pa., Nov. 3, 2023 /PRNewswire/ Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, announced that it has entered into a definitive agreement under which Newport Group (Newport), the Walnut Creek, California-based retirement services provider, will merge with Ascensus.The newly combined organization will offer a broader . In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an . Verisight and Newport Group merge DC businesses Ascensus and Newport Group to Combine and Create a Leading Provider in 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. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. This site is designed for U.S. residents only. Enroll in Your Plan, For account questions or help logging in, 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. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Greg Tschider serves as the CEO / President of Newport Group. Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. Ascensus and Newport Group to Combine and Create a Leading - Benzinga 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. Participant Login FAQ 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. 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. 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 Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. 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, nonqualified and insurance solutions, along with Newports senior management team. General FAQ 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 is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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.. Newport Group was founded in 1985 and its current CEO is Greg Tschider. 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 has stepped down as CEO of Newport. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. General FAQ Newport Group Enters into Definitive Agreement to Purchase PNC Bank's With . No Reproduction Without Prior Authorizations. On average, Martha works for one company for 9 years 9 months. University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. Type. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. Printer Friendly View Address: 35 Iron Point Cir Ste 300 Folsom, CA, 95630-8589 United States . Securities in California are offered through Newport Securities Insurance Services. 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. Chief Financial Officer. "PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. 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. DailyAccess expands service offerings to health and welfare and investment advisory services. Securities in California are offered through Newport Securities Insurance Services. How Newport is Responding to COVID-19 | Newport Were redirecting you to the most relevant section of NewportGroup.com. 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. Participant Login FAQ Newport Group Purchases PNC Bank's Recordkeeping Business $50M to $100M. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Newport Group's Competitors, Revenue, Number of Employees - Owler Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Greg Tschider 1 Rating Newport Moline, IL isn't hiring right now. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. 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? 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. Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. "People Matter. 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. Participant Login FAQ According to ZoomInfo records, Greg Tschider's professional experience began in 2003. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; 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. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. Pension Specialists acquires NextStep Defined Contribution, Inc. Pension Specialists, Inc. is founded in California. View Greg Tschider's profile on LinkedIn, the world's largest professional community. Edit Contacts Section. web design and development by new target, inc. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Greg Tschider - phone & email - Newport Group - Ceo 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 The Newport Group to Acquire Greensboro Operations of Clark Consulting 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.