Company News

Newport Acquires and Welcomes Plan Administrators, Inc. (PAi)

Nov 03, 2020

Walnut Creek, California and De Pere, Wisconsin (November 3, 2020) - Newport Group, Inc. (Newport) announced today that it has completed the purchase of Plan Administrators, Inc. (PAi), a third party administrator and recordkeeper headquartered in De Pere, Wisconsin.

PAi—along with its affiliate PAi Trust Company—is now a wholly owned subsidiary of Newport, and will continue to operate under the PAi name. 

“PAi has pioneered a unique, small business 401(k) offering that further complements the services that Newport provides to employers nationwide,” said Newport Chief Executive Officer Greg Tschider. “Our two organizations also share a commitment to service, and we look forward to working with this team of client-focused, retirement services professionals.” 

“Our passion for delivering unique savings solutions with exceptional customer-focused care remains strong,” Tracy Ruh, Chief Operating Officer at PAi, said. “As our resources continue to grow and evolve as a Newport company, together we are able to offer a wider breadth of services to new and existing clients as they plan for the future they deserve.” 

In the future, as the companies begin sharing resources and combining efforts, existing clients can look forward to additional communication regarding new services and tools available. 

About Newport 
Headquartered in Walnut Creek, California, Newport is a leading independent retirement services provider that helps employers—and the advisors who serve them—prepare employees for a more financially secure retirement. The company has more than $140 billion in retirement assets under administration and more than $270 billion in corporate retirement and insurance assets. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Staffed by an exceptional team of nearly 1,600 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.

About PAi
Since 1983, PAi has helped people successfully save for retirement by changing retirement outcomes with participant-focused, easy-to-manage 401(k) retirement services. CoPilot’s recordkeeping services feature Years of Retirement calculations, allowing savers to see exactly how many years their savings can buy, and an event-based alert system that keeps participants on track by sending updates along the way. See how CoPilot is changing the retirement conversation: pai.com. 

 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.
Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc.
Securities are offered through Newport Group Securities, Inc., a dually registered investment advisor and broker dealer, member FINRA and affiliate of Newport Group, Inc. Securities in California are offered under the Newport Securities Insurance Services. See BrokerCheck for more information. Other insurance products may be offered by Newport Group, Inc.
For more information about Newport Group Consulting and its services, please refer to our Form ADV Part 2A.
Newport Trust Company, is a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.