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. Were redirecting you to the most relevant section of NewportGroup.com. "PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Industry Consolidation Stays Hot as Verisight and Newport Join Forces 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. All Rights Reserved 2023 Ascensus, LLC. On average, Martha works for one company for 9 years 9 months. Martha's email & phone number - Assistant Vice President, Relationship Peers. Pnc Retirement Directions Newport Group - RetirementTalk.net 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 and Newport Group to Combine and Create a Leading Provider in Enroll in Your Plan, For account questions or help logging in, 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. Our union confirms the hard work of our dedicated employees and partners. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. 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 Acquires PNC Bank's Vested Interest | Newport Most people dont plan to stay in touch with their former employer after they change jobs or retire. Check out all Newport jobs Newport Moline, IL office. Participant Login FAQ Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. Working at Newport | Glassdoor Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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. 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 and the Ascensus logo are trademarks of Ascensus, LLC. 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. Ascensus completes its merger with Newport. Pensions are not only paid for by private employers. 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. Since then Greg has changed 4 companies and 2 roles. See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) COPYRIGHT 2023BY ASPPA. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. Director, Executive Finance, Legal, Operations. . Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), Insurance Company-Owned Life Insurance (ICOLI). Our union confirms the hard work of our dedicated employees and partners. The availability of tax advantages or other benefits may be contingent on meeting other requirements. It takes less than ten minutes to set up your company page. Ascensus and Newport Group to Combine and Create a Leading - PAi.com Industry. 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. Newport Group (NG) assists organizations with offering their workers a safer monetary future through retirement plans, counseling administrations, and insurance plans. View Greg Tschider's profile on LinkedIn, the world's largest professional community. 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. This site is designed for U.S. residents only. 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. Participant Login FAQ Est. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Newport Group to Purchase PNC Bank's Vested Interest DC Recordkeeping Multiple locations. 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). NEWPORT GROUP, INC. is a California Stock Corporation - Out Of State - Stock filed on May 14, 2010. 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. 1601 River Drive, Suite 200 Moline, IL, 61265 Get Directions Newport Moline, IL Reviews 5.0 Current Employee, less than 1 year "Great atmosphere and People!" Mar 14, 2017 - Compliance Secialit in Moline, IL Recommends Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. The American Society of Pension Professionals & Actuaries is a non-profit professional society. Please update your bookmarks accordingly. 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. Youll learn how you can enhance your hiring and retention strategies. 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? Greg Tschider | ZoomInfo Martha has been working as a Assistant Vice President, Relationship Management for Newport Group for 1977 days. 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. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. View Andre Mintz. As a provider and partner, Newport is independent, experienced and responsive. Newport Group Enters into Definitive Agreement to Purchase PNC Bank's 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? 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. The CARES Act Effect on Retirement Plans: 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. Before investing in any 529 plan, please consider whether your or the beneficiarys home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that states 529 plan. 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 Moline, IL Office | Glassdoor Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. 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. Kieran Brady. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants. 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. 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. Committed financing for the transaction has been provided by Goldman Sachs Bank USA, SPC Financing Company LLC, and KKR Capital Markets LLC. The firms hope to be operating as one team by next spring.. This transaction is a strategic fit for our company. Ascensus gobbles up Newport. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Newport Group - Contacts, Employees, Board Members, Advisors & Alumni 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. "This transaction is a strategic fit for our company. 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.