Press Release

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

Issued by Newport Group

Nov. 5, 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. 

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