greg tschider newport group

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. 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. Chief Financial Officer. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 The materials contained herein are intended for instruction only and are not a substitute for professional advice. Founded. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Contacts. Securities in California are offered through Newport Securities Insurance Services. On average, Martha works for one company for 9 years 9 months. Greg Tschider. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Securities in California are offered through Newport Securities Insurance Services. Participant Login FAQ Terms of the transaction were not disclosed. Pensions are not only paid for by private employers. 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), Combination represents a compelling strategic fit and creates a leader in tax-advantaged savings that is well-positioned to lead amid industry transformation. View Andre Mintz. View Greg Tschider's profile on LinkedIn, the world's largest professional community. 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. Chief Human Resources Officer. Were here to provide trusted guidance during this period of uncertainty. Securities in California are offered through Newport Securities Insurance Services. DailyAccess expands service offerings to health and welfare and investment advisory services. Search Contacts. COPYRIGHT 2023BY ASPPA. 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. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. The materials contained herein are intended for instruction only and are not a substitute for professional advice. "People Matter. Newport Group CEO Greg Tschider said in a statement, "Our independence, coupled with our experience and responsiveness, is what our brand stands for. 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. Ratings from the Employees at Newport Group's Headquarters Company Description We are a leading provider of retirement plans, insurance, and consulting 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. Were redirecting you to the most relevant section of NewportGroup.com. Musk Made a Mess at Twitter. Enroll in Your Plan, For account questions or help logging in, 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. 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. Since its inception 38 years ago, Newport Group has grown to 1200 employees. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Large. The CARES Act Effect on Retirement Plans: Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. This on-demand webinar is focused on key levers for retaining talent in todays complex environment. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. 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 CARES Act Effect on Retirement Plans: Committed financing for the transaction has been provided by Goldman Sachs Bank USA, SPC Financing Company LLC, and KKR Capital Markets LLC. This transaction is a strategic fit for our company. Enroll in Your Plan, For account questions or help logging in, See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. 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. In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! 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 has 1 current employee profile, Chief Executive Officer Greg Tschider. Please update your bookmarks accordingly. Youll learn how you can enhance your hiring and retention strategies. About. 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. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. The firms hope to be operating as one team by next spring.. To ensure continuity of leadership, operations, and client service through closing, Laura Ramanis who has served as Newport's chief operating officer since 2014has been named interim CEO. Newport Trust Company formed, offering our clients non-discretionary, directed trustee and custodial services. "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. 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. Privacy PolicyTerms of UseCopyright. Youll learn how you can enhance your hiring and retention strategies. 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. and the Ascensus logo are trademarks of Ascensus, LLC. Participant Login FAQ 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. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Alexa Gellinger. As a provider and partner, Newport is independent, experienced and responsive. "This transaction is a strategic fit for our company. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Since then Greg has changed 4 companies and 2 roles. Greg Tschider, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine. Please update your bookmarks accordingly. David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. Greg Tschider has stepped down as CEO of Newport. 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 Printer Friendly View Address: 35 Iron Point Cir Ste 300 Folsom, CA, 95630-8589 United States . 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Terms of the deal were not disclosed. Scott Pollack. 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). 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. 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. Integrity Always." is a registered trademark used under license by Ascensus, LLC. Investing Companies. Learn how to leverage transparent company data at scale. Newport Group Chief Executive Officer Education Greg Tschider studied at University of Wisconsin-Madison. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. CEO. Employees 1.0-5.0K Agree? Free and open company data on Texas (US) company Newport Group, Inc. (company number 0802356195), 1350 TREAT BLVD, STE 300, Walnut Creek, CA, 94597. Kieran Brady. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ 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. Please update your bookmarks accordingly. Industry. Greg has extensive experience in the retirement services industry. 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. 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, who led Newports successful growth strategy, has stepped down as CEO of Newport. Securities in California are offered through Newport Securities Insurance Services. Our union confirms the hard work of our dedicated employees and partners. Participant Login FAQ Scott Pollack is Executive Vice President at Newport. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. 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. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. 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. Were redirecting you to the most relevant section of NewportGroup.com. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. NEWPORT GROUP, INC. is a California Stock Corporation - Out Of State - Stock filed on May 14, 2010. This site is designed for U.S. residents only. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. 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. 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? call the Participant Service Center at844-749-9981. Newport's experts provideda comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans. 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 This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Check out all Newport jobs Newport Moline, IL office. 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. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Jacqueline Ward. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. 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. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. Our union confirms the hard work of our dedicated employees and partners. 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. 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. According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. EVP, Client Services at Newport Group. COPYRIGHT 2023BY ASPPA. Ascensus gobbles up Newport. EVP, Client Services. Greg Tschider serves as the CEO / President of Newport Group. Size. 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. During his tenure, AST grew into one of the leading independent trust companies in the country. Enroll in Your Plan, For account questions or help logging in, 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. 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. Similarly, Newports clients will benefit from greater access to unique tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Were redirecting you to the most relevant section of NewportGroup.com. 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. 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. 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? The American Society of Pension Professionals & Actuaries is a non-profit professional society. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. 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 . Newport Group was founded in 1985 and its current CEO is Greg Tschider. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Greg Tschider has stepped down as CEO of Newport. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. 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 . 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). Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Greg Tschider 1 Rating Newport Moline, IL isn't hiring right now. Revenue. Greg has 1 job listed on their profile. GREG TSCHIDER, president; GREG TSCHIDER, chief executive officer; KURT LANTING, vice president; LAURA RAMANIS, chief operating officer; 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. 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. "This transaction is a strategic fit for our company. 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. With . January 9, 2019 Uncategorized. Were redirecting you to the most relevant section of NewportGroup.com. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. With Newports business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Eric . Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. With qualified and nonqualified retirement plan services, fiduciary consulting services and corporate- and bank-owned life insurance (COLI and BOLI) practices, Newport will expand the solutions and expertise Ascensus provides to its clients and adviser partners. Participant Login FAQ 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. 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.

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