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? 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. The company's filing status is listed as Withdrawn and its File Number is 800135460. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. 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. 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. Newport Trust Company formed, offering our clients non-discretionary, directed trustee and custodial services. 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 is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. 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 . Greg Tschider - CEO at Newport Group | The Org Wendy Cantey's email & phone number - Senior Vice President of Newport Group CEO & Leadership Team Ratings | Comparably Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. View Andre Mintz. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) Greg has extensive experience in the retirement services industry. Above it says due to getting pension that SS was not collected on will have to adjust. 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. Funding $0 Acquisitions 2 News Latest News Learn how to leverage transparent company data at scale. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. 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. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Greg Tschider has stepped down as CEO of Newport. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company. EVP, Client Services. Newport Moline, IL Office | Glassdoor Job Department. Please update your bookmarks accordingly. Edit Contacts Section. 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. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. Get a D&B Hoovers Free Trial. 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. In this role, he leads the company's qualified retirement client service teams. The company's filing status is listed as In Existence and its File Number is 0802356195. Greg Tschider 98 Ratings 5.0 Current Employee, more than 8 years "Great place to grow your career" Dec 6, 2022 - Vice President Recommends Positive Outlook Approves of CEO Pros Career growth is encouraged and supported Cons None that I am aware of. January 9, 2019 Uncategorized. The materials contained herein are intended for instruction only and are not a substitute for professional advice. 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. 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 . call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus Please update your bookmarks accordingly. Ascensus and Newport Group to Combine and Create a Leading - PAi.com 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 offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Greg Tschider, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine. 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 . Multiple locations. Newports Perspective on Market Volatility The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisers and retirement savers, the firm says. 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. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. Similarly, Newports clients will benefit from greater access to unique tax-advantaged savings solutions across retirement, education and health provided by Ascensus. 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. According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. "This transaction is a strategic fit for our company. 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. Since then Greg has changed 4 companies and 2 roles. Securities in California are offered through Newport Securities Insurance Services. This site is designed for U.S. residents only. Pensions are not only paid for by private employers. 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. Youll learn how you can enhance your hiring and retention strategies. Quality First. Scott Pollack. Greg Tschider - Crunchbase Person Profile . We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. Peers. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Newport Group, Inc. Company Profile | Folsom, CA | Competitors 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 Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport Group Will Merge With Ascensus | PLANADVISER Our union confirms the hard work of our dedicated employees and partners. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. 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. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Greg has 1 job listed on their profile. Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. 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., Noting the significant opportunities to capitalize on the strengths of both companies, Musto said, Ultimately, the talent and extensive experience of our organizations are the most valuable assets our companies bring to this combination. 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. 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 Headquarters | Comparably Greg Tschider - University of Wisconsin Law School - LinkedIn 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). 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. web design and development by new target, inc. Greg Tschider 98 Ratings Your trust is our top concern, so companies can't alter or remove reviews. General FAQ According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Greg Tschider Newport Group CEO Rating | Comparably Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Kevin Patrick Senior Vice President Operations & Participant Services 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. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 Check out all Newport jobs Newport Moline, IL office. 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.. Please update your bookmarks accordingly. 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. . 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 Greg Tschider. Most providers of our size are attached to a larger financial institution. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. 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. Participant Login FAQ 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 . Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. THE NEWPORT GROUP, INC. in Little Rock, AR | Company Info & Reviews Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Acquisition of Evercore Trust Companys institutional trust and independent fiduciary business, now part of Newport Trust Company. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. 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. COPYRIGHT 2023BY ASPPA. Est. 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. Will His AI Plans Be Any Different? Greg Tschider. 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. 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. Ugift is a registered service mark. This transaction is a strategic fit for our company. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. Investing Companies. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. Founded. University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). 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. Ascensus and Newport Group to Merge | PLANSPONSOR Since its inception 38 years ago, Newport Group has grown to 1200 employees. Newport Group, Inc. :: Texas (US) :: OpenCorporates Eric . 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. Enroll in Your Plan, For account questions or help logging in, He previously served as president of Wilmington Trust Retirement and Institutional Services Company (a member of the Wilmington Trust Company family; NYSE: WL) and its predecessor company, AST Capital Trust Company of Delaware. David Musto, president and chief executive officer (CEO) of Ascensus, will serve as CEO of the combined company. Our union confirms the hard work of our dedicated employees and partners. Chief Human Resources Officer. Pnc Retirement Directions Newport Group - RetirementTalk.net 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 . Our union confirms the hard work of our dedicated employees and partners. For more information, visitascensus.com. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. Committed financing for the transaction has been provided by Goldman Sachs Bank USA, SPC Financing Company LLC, and KKR Capital Markets LLC. CEO. Newport Group Enters into Definitive Agreement to Purchase PNC Bank's COPYRIGHT 2023BY ASPPA. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. Youll learn how you can enhance your hiring and retention strategies. Newport Trust Company is a New Hampshire state-chartered trust company Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. 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. About NewportHeadquartered in Walnut Creek, California, Newport is a leading retirement services provider that helps employersand the advisors who serve themprepare employees for a more financially secure retirement. Your Sunday Asia Briefing: China Military Boost, Kurodas Last Bow, Notorious Prisoner Charles Bronson to Face Public Parole Hearing, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Trump Vows to Finish Mission, Cements Dominance Over CPAC, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. 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. 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. On average, Wendy Cantey works for one company for 2 years 5 months. "PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Company - Private. Large. 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 todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Employees 1.0-5.0K Agree? In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 1 email found 3 phone numbers found . $50M to $100M. About Us | Retirement, Insurance, Consulting | Newport 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. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an . Newport Group Picks Up Recordkeeping Business of PNC Bank Securities in California are offered through Newport Securities Insurance Services. 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. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. This site is designed for U.S. residents only. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. With Newports business, Ascensus will also see an expanded tax-advantaged savings participant base, which will now reach more than 15 million people across the United States. Newport Group Purchases PNC Bank's Recordkeeping Business With so much news and real time information readily at hand, it can be difficult for anyone to process what is relevant and critical for making prudent financial decisions. 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. Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and .

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