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. 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. Were redirecting you to the most relevant section of NewportGroup.com. Investing Companies. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. It takes less than ten minutes to set up your company page. "People Matter. All Rights Reserved 2023 Ascensus, LLC. Navigating the New Normal: Anticipating Plan Compliance Challenges in the Age of Coronavirus. The company has more than $150 billion in retirement assets under administration and more than $300 billion in corporate retirement and insurance assets. Newport Group Enters into Definitive Agreement to Purchase PNC Bank's 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. Most providers of our size are attached to a larger financial institution. 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. Ascensus and Newport Group to Combine and Create a Leading Provider in ET. 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. 644 followers 500 . 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. 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. Newport Group Will Merge With Ascensus | PLANADVISER Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). Ascensus and Newport Group to Combine and Create a Leading - PAi.com This includes 529 plans, ABLE [Achieving a Better Life Experience] savings accounts and state-facilitated retirement programs. Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Insurance Company-Owned Life Insurance (ICOLI). Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator inthe United States. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. As one company, well deliver so much more than the sum of our capabilitiesand set a new performance standard for service excellence and client satisfaction in the markets we serve. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. Job Department. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove reviews. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Wendy Cantey has been working as a Senior Vice President of Strategic Initiatives and the Enterprise Project Management Office, Technol for Newport Group for 1034 . 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. Chief Compliance Officer. 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. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Participant Login FAQ Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. 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. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates Under Greg's leadership, Newport has grown to a national full-service retirement provider servicing more than $265 billion of corporate retirement and insurance assets and 1.4 million plan participants. Chief Human Resources Officer. . Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) Privacy PolicyTerms of UseCopyright. 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). Our union confirms the hard work of our dedicated employees and partners. Please update your bookmarks accordingly. Newport Group - Contacts, Employees, Board Members, Advisors & Alumni 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 Scoops Up Newport Group - AMERICAN SOCIETY OF PENSION Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. 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 Newport Group company overview, insights, and reviews | Lensa Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. / Newport Group, Inc. Newport Group, Inc. Website. Greg Tschider - CEO at Newport Group | The Org This site is designed for U.S. residents only. The availability of tax advantages or other benefits may be contingent on meeting other requirements. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Ascensus gobbles up Newport. . View Greg Tschider's profile on LinkedIn, the world's largest professional community. On average, Wendy Cantey works for one company for 2 years 5 months. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. 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. Participant Login FAQ call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Wendy Cantey's email & phone number - Senior Vice President of Please update your bookmarks accordingly. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Newport Group was founded in 1985 and its current CEO is 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. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. . Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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. Securities in California are offered through Newport Securities Insurance Services. Were here to provide trusted guidance during this period of uncertainty. January 9, 2019 Uncategorized. Multiple locations. and the Ascensus logo are trademarks of Ascensus, LLC. 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. 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. EVP, Client Services at 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. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. 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. 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. 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Were redirecting you to the most relevant section of NewportGroup.com. Ratings from the Employees at Newport Group's Headquarters For more information, visitascensus.com. 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. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. "This transaction is a strategic fit for our company . We answer some of the most common questions non-qualified plan sponsors may be receiving in light of the novel coronavirus. This site is designed for U.S. residents only. 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. Kevin Patrick Senior Vice President Operations & Participant Services Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. Ascensus and Newport to Combine and Create a Leading Provider in Tax Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. NEWPORT GROUP, INC. in Walnut Creek, CA | Company Info & Reviews Enroll in Your Plan, For account questions or help logging in, Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. The CARES Act Effect on Retirement Plans: The company's filing status is listed as In Existence and its File Number is 0802356195. Type. 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. 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. 1 email found 3 phone numbers found . Above it says due to getting pension that SS was not collected on will have to adjust. Martha's email & phone number - Assistant Vice President, Relationship Ascensus Scoops Up Newport Group - National Association of Plan Advisors Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser.
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