She will be supported by Kurt Laning, executive vice president, nonqualified and insurance solutions, along with Newports senior management team. Were redirecting you to the most relevant section of NewportGroup.com. Above it says due to getting pension that SS was not collected on will have to adjust. 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. Kieran Brady. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . Jacqueline Ward. 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. 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. Enroll in Your Plan, For account questions or help logging in, Enroll in Your Plan, For account questions or help logging in, General FAQ 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. 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. 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. Greg has 1 job listed on their profile. Ugift is a registered service mark. 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. Job Department. Greg has extensive experience in the retirement services industry. 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. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Chief Human Resources Officer. About. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. Reveal contact info Contact details Work email g*****@newpor***.com Valid Reveal Latest update September 27, 2021 Location San Francisco Bay Area Greg's current employer Export Newport Group Website newportgroup.com Industry And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. 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. Size. Evercore acted as exclusive financial advisor to Newport in connection with the transaction. 1985. 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 . 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 . 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. Moreover, the firms say that 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., 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. Search Contacts. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 Newport Group has 1 current employee profile, Chief Executive Officer Greg Tschider. . Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. CEO of Newport Group San Francisco Bay Area. Company - Private. 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. View Greg Tschider's profile on LinkedIn, the world's largest professional community. Participant Login FAQ Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. 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. General FAQ 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.. 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. Ascensus and the Ascensus logo are trademarks of Ascensus, LLC. It takes less than ten minutes to set up your company page. Newports Perspective on Market Volatility During his tenure, AST grew into one of the leading independent trust companies in the country. When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellons HedgeMark business; and more. Chief Financial Officer. 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 the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. Knowledge Center The American Society of Pension Professionals & Actuaries is a non-profit professional society. 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.. ET. Similarly, the firms say Newports clients will benefit from greater access to tax-advantaged savings solutions across retirement, education and health provided by Ascensus. https . EVP, Client Services at Newport Group. Pension Specialists acquires HCS division of RSM McGladrey, expanding service offerings to actuarial, compensation and benefits consulting, and ESOP services. 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. Most providers of our size are attached to a larger financial institution. Multiple locations. 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. Large. Were redirecting you to the most relevant section of NewportGroup.com. Greg Tschider is the Chief Executive Officer at Newport Group. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. 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. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Annual Revenue $25-100M Agree? Please update your bookmarks accordingly. View Andre Mintz. The company's filing status is listed as Withdrawn and its File Number is 800135460. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. 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. 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. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Newport Group achieves a major milestone: providing service to more than one million retirement and benefit plan participants. Most people dont plan to stay in touch with their former employer after they change jobs or retire. General FAQ COPYRIGHT 2023BY ASPPA. Type. 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. Contacts. Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. How the CARES Act Impacts Retirement Plans "This transaction is a strategic fit for our company. 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 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. Privacy PolicyTerms of UseCopyright. In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an . See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) Pension Specialists acquires NextStep Defined Contribution, Inc. Pension Specialists, Inc. is founded in California. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 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. Newport by the numbers Over 45% OF THE FORTUNE 500 AS CLIENTS $169+ BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION 39,000+ PLANS $330+ Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. Newport Group Chief Executive Officer Education Greg Tschider studied at University of Wisconsin-Madison. University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. With . Director, Executive Finance, Legal, Operations. Since its inception 38 years ago, Newport Group has grown to 1200 employees. Please update your bookmarks accordingly. This site is designed for U.S. residents only. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Moreover, the firms say that 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., 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. and the Ascensus logo are trademarks of Ascensus, LLC. 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. Website. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. 3 words to describe your personal brand, what was priya's career advice love island,