Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. Were redirecting you to the most relevant section of NewportGroup.com. Enroll in Your Plan, For account questions or help logging in, Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Please update your bookmarks accordingly. During his tenure, AST grew into one of the leading independent trust companies in the country. Newport Group Picks Up Recordkeeping Business of PNC Bank Terms of the deal were not disclosed. The firms hope to be operating as one team by next spring.. Ascensus and Newport Group to Combine and Create a Leading Provider in Industry Consolidation Stays Hot as Verisight and Newport Join Forces DailyAccess expands service offerings to health and welfare and investment advisory services. General FAQ 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. Newports Perspective on Market Volatility In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! Securities in California are offered through Newport Securities Insurance Services. 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 . We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. . This site is designed for U.S. residents only. Newport Group, Inc. Company Profile | Folsom, CA | Competitors Securities in California are offered through Newport Securities Insurance Services. General FAQ We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. 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 Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ 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 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. Jacqueline Ward. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Newport Group company overview, insights, and reviews | Lensa In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. NEWPORT GROUP, INC. in Austin, TX | Company Info & Reviews And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Size. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. Participant Login FAQ 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. "This transaction is a strategic fit for our company. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. Scott Pollack - EVP, Client Services at Newport Group | The Org 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 Group Will Merge With Ascensus | PLANADVISER Non-Qualified Plans and the Coronavirus 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. Funding $0 Acquisitions 2 News Latest News 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 Greg Tschider, Verisight Inc: Profile and Biography Our union confirms the hard work of our dedicated employees and partners. 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. 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. 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. Were redirecting you to the most relevant section of NewportGroup.com. Greg Tschider has stepped down as CEO of Walnut Creek, California-based Newport, and Laura Ramanis, its chief operating officer, will serve as interim CEO until the close of the transaction, the . Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Newport Reviews: What Is It Like to Work At Newport? | Glassdoor Greg Tschider. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. NEWPORT GROUP, INC. :: California (US) :: OpenCorporates According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. 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. "This transaction is a strategic fit for our company . COPYRIGHT 2023BY ASPPA. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. 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. This site is designed for U.S. residents only. 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). 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 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. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. 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. Ascensus and Newport Group to Combine and Create a Leading Provider in Eric . Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. 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. 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. Ascensus and Newport Group to Combine and Create a Leading - PAi.com Enroll in Your Plan, For account questions or help logging in, Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Ascensus gobbles up Newport | Ary Rosenbaum - The Rosenbaum Law Firm P web design and development by new target, inc. Company Description We are a leading provider of retirement plans, insurance, and consulting services. Large. Greg Tschider, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine. For more information, visitascensus.com. The company's filing status is listed as In Existence and its File Number is 0802356195. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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 Group Acquires PNC Bank's Vested Interest | Newport Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Revenue. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 COPYRIGHT 2023BY ASPPA. Securities in California are offered through Newport Securities Insurance Services. The company's filing status is listed as Active and its File Number is 3307407. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. The CARES Act Effect on Retirement Plans: Check out all Newport jobs Newport Moline, IL office. 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. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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 and client satisfaction offers opportunity to build on world-class NPS scores to set 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, New and expanded career path opportunities 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. Musk Made a Mess at Twitter. . EVP, Client Services. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Most people dont plan to stay in touch with their former employer after they change jobs or retire. 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 Greg Tschider has stepped down as CEO of Newport. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport Group's Competitors, Revenue, Number of Employees - Owler

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