A thrust bearing assembly for a machine includes a stator housing, a fluid film thrust bearing, and a ring bearing. The stator housing surrounds at least a segment of a rotor shaft and one or more runners on the rotor shaft that include a first runner surface and a second runner surface facing in opposite axial directions along the rotor shaft. The fluid film thrust bearing is axially held between a first stator surface of the stator housing and the first runner surface. The fluid film thrust bearing is configured to generate a fluid cushion that blocks the first runner surface from engaging the fluid film thrust bearing. The ring bearing is axially held between a second stator surface of the stator housing and the second runner surface. The ring bearing has an annular contact surface that engages the second runner surface to axially support the rotor shaft.