Integrity Always." is a registered trademark used under license by Ascensus, LLC. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. call the Participant Service Center at844-749-9981. 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 Group Acquires PNC Bank's Vested Interest | 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. 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. 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. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company. Greg Tschider - CEO at Newport Group | The Org According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. 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 We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. NEWPORT GROUP, INC. in Austin, TX | Company Info & 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. Ascensus and Newport Group to Combine and Create a Leading - PAi.com Greg Tschider has stepped down as CEO of Newport. Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Our union confirms the hard work of our dedicated employees and partners. 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. Participant Login FAQ Newport Group Executive Team | Comparably Ascensus and Newport Group to Combine and Create a Leading - Benzinga Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. The Registered Agent on file for this company is Corporation Service Company Which Will Do Business IN California As Csc - Lawyers Incorporating Serv and is located at 2710 Gateway Oaks Dr Ste 150n, Sacramento, CA 95833. 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 and Newport Group to Combine and Create a Leading Provider in Newport Group Picks Up Recordkeeping Business of PNC Bank 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. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. 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. Ascensus will also have more than 700,000 health and flexible savings and COBRA [Consolidated Omnibus Budget Reconciliation Act] accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 nonqualified retirement plan participant accounts. https . " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. EVP, Client Services at Newport Group. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. About Us | Retirement, Insurance, Consulting | Newport Newport Moline, IL Office | Glassdoor Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION . 1985. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. 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. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. 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. Securities in California are offered through Newport Securities Insurance Services. Director, Executive Finance, Legal, Operations. 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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 - Contacts, Employees, Board Members, Advisors & Alumni 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. Founded. Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Chief Compliance Officer. 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. Newport Group acquires Kidder Benefits Consultants, and its affiliate Kidder-Lane Actuarial Services. 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. Ugift is a registered service mark. Greg has 1 job listed on their profile. Type. Newport Acquires and Welcomes Plan Administrators, Inc. (PAi) The company's filing status is listed as Withdrawn and its File Number is 800135460. call the Participant Service Center at844-749-9981, This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Greg Tschider - phone & email - Newport Group - Ceo 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). 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. 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. Key Principal: Greg W Tschider See more contacts Industry: Pension and retirement plan consultants. web design and development by new target, inc. 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. Ascensus has entered into a definitive agreement for Newport Group, a Walnut Creek, California-based retirement services provider, to merge with Ascensus. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. 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 . 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. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement.