With TPS 3(16) Service, LLC as the 3(16) fiduciary, employers can rest easy knowing that all plan decisions are made in the best interest of the participants.

Does Plan Administration Take Up Too Much of Your Time and Resources?

ERISA's stringent requirements for Plan Sponsors have made the administration of retirement plans even more complex and subject to legal challenges. Now more than ever, outsourcing these responsibilities to a qualified 3(16) fiduciary makes sound business sense.

Increased Efficiency, Better Outcomes, Lower Risk

With TPS 3(16) Service, LLC as the 3(16) fiduciary, employers can rest easy knowing that all plan decisions are made in the best interest of the participants. There's no need for staff to spend their valuable time on ERISA requirements that demand a high level of knowledge to interpret and apply. Our experience and expertise frees you and your employees to focus on what matters most: running your business.

 

Why Choose Us?

Every company is different. We take the time to understand your unique needs and preferences. We're not a volume-driven national chain, and we customize solutions to match your specific business goals. Quality service is what you deserve. 

3(16) Plan Administrators in Rye, NY Services

3(16) Plan Administration

With TPS 3(16) Service, LLC as the 3(16) fiduciary, employers can rest easy knowing that all plan decisions are made in the best interest of the participants.

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3(16) Plan Administrators in Rye, NY Team Members

3(16) Plan Administrators in Rye, NY Resources

401(k) and Retirement Plan Limits for the Tax Year 2024

401(k) and Retirement Plan Limits for the Tax Year 2024

401(k) and Retirement Plan Limits for the Tax Years 2018 through 2024.

3(16) Plan Administrators in Rye, NY Videos

Plan Fiduciary Services and Why They Matter

3(16) Plan Administrators in Rye, NY Articles

How does a Cash Balance Plan work?

How does a Cash Balance Plan work?

Click here to download or print this document as a PDF.

October is National Retirement Security Month

October is National Retirement Security Month

October is National Retirement Security Month, an annual campaign to raise awareness about retirement planning. This initiative offers employers a unique ...

How Clients Benefit from a Third Party Administrator

How Clients Benefit from a Third Party Administrator

Originally published by the National Institute of Pension Administrators. Download the original PDF here. The mission of a Third Party Administrator ...

The Impact of Inflation on Retirement Savings

The Impact of Inflation on Retirement Savings

Carl and Terri, a couple in their early 60s, had been saving for retirement for over 30 years. They planned to live off their retirement savings, supplemented ...

Should You Pause Saving for Retirement? Weighing the Pros and Cons

Should You Pause Saving for Retirement? Weighing the Pros and Cons

Al and Maria, both in their early thirties, had been diligently contributing to their retirement accounts since their mid-twenties. They were renting a ...

Unique Challenges Women Face in Retirement Planning

Unique Challenges Women Face in Retirement Planning

Retirement planning is crucial for financial security, but women often face unique hurdles that can complicate this process. Understanding and addressing ...

Common Retirement Scams to Avoid

Common Retirement Scams to Avoid

Retirement is meant to be a time to enjoy the rewards of your years of hard work. Unfortunately, it can also make you a target for fraudsters, and scams ...

Navigating the Retirement Security Rule: Enhancing Fiduciary Standards for Financial Advisers

Navigating the Retirement Security Rule: Enhancing Fiduciary Standards for Financial Advisers

On September 23, 2024, the Retirement Security Rule will take effect, a pivotal regulatory update issued by the U.S. Department of Labor (DOL) aimed at ...

Protecting Retirement Assets from Cyber Threats

Protecting Retirement Assets from Cyber Threats

Cybersecurity is critically important for retirement accounts due to the substantial financial resources and sensitive personal data they contain. Retirement ...

IRS Rollover Chart

IRS Rollover Chart

This is an “IRS Rollover Chart” as it related to retirement plans and IRAs. Click here to download the chart as a PDF.  

Retiring Overseas: Pros and Cons of International Retirement

Retiring Overseas: Pros and Cons of International Retirement

Retiring abroad can be an attractive option for individuals seeking a change of scenery, a lower cost of living, or new cultural experiences and adventures ...

How Your HSA Can Supplement Retirement Savings

How Your HSA Can Supplement Retirement Savings

Jordan and Lisa both had high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) through their employers. Throughout their working years, ...

A Fresh Start: Financial Planning for the New Year

A Fresh Start: Financial Planning for the New Year

January is an opportune time to reflect on our financial habits and set the stage for a secure and prosperous future. Financial planning is not just about ...

Generational Savings: Boomers to Gen Z

Generational Savings: Boomers to Gen Z

In the dynamic landscape of personal finance, each generation brings its unique approach to savings, shaped by the economic and political climate, societal ...

Long-Term, Part-Time Rules

Long-Term, Part-Time Rules

As part of the SECURE Act, Long-Term, Part-Time (“LTPT”) rules were created in 2019. Effective for plan years beginning after 12/31/2020, 401(k) plans ...

Don’t Let Health Care Costs Derail Your Retirement

Don’t Let Health Care Costs Derail Your Retirement

After housing and food, health care is one of the largest expenses you can expect in retirement. According to Fidelity Investments, a 65-year-old retiring ...

Employers: Now’s the Time to Act!

Employers: Now’s the Time to Act!

If you’re an employer with a SIMPLE IRA plan for your workforce and want to switch to a 401(k) profit-sharing plan beginning January 1, 2024, the deadline ...

Two-Year Delay Roth Catch-Up Contribution Provision

Two-Year Delay Roth Catch-Up Contribution Provision

The Internal Revenue Service (IRS) has just granted a two-year delay of the provisions in the SECURE 2.0 Act addressing Roth catch-up contributions. Specifically, ...

The Importance of Financial Wellness Education in the Workplace

The Importance of Financial Wellness Education in the Workplace

Between an unexpected major car repair, looming tuition bills for the kids, and ballooning credit card debt, Andy and his wife were financially strained. ...

Defined Benefit Plans Are Not Extinct

Defined Benefit Plans Are Not Extinct

While it’s true that many private companies have switched from defined benefit plans to defined contribution plans (such as 401(k) plans), it’s worth considering ...

Is a Roth 401(k) Right for You?

Is a Roth 401(k) Right for You?

The pre-tax advantages of a 401(k) plan make it a very effective way for employees to save for retirement and lower their tax burden. Since taxes on a ...

Is Your Retirement Plan Still Aligned with Your Business Needs?

Is Your Retirement Plan Still Aligned with Your Business Needs?

With 2023 right on the horizon, now is a good time for employers to review whether their retirement plans are still in alignment with their business needs ...

Understanding ERISA Fidelity Bonds and Fiduciary Liability Insurance

Understanding ERISA Fidelity Bonds and Fiduciary Liability Insurance

The Employee Retirement Income Security Act (ERISA) is a federal law that sets rules and standards of conduct for most voluntarily established retirement ...

Fiduciary Considerations in a 401(k) Plan

Fiduciary Considerations in a 401(k) Plan

It’s important for employers to understand and meet their 401(k) fiduciary responsibilities and comply with ERISA rules to ensure the proper management ...

IRS Extends Deadlines for Retirement Plan Amendments

IRS Extends Deadlines for Retirement Plan Amendments

This month, the IRS extended the deadlines to adopt certain retirement plan amendments for most plans. Notice 2022-33 provides plan sponsors with an extension ...

Does Plan Administration Take Up Too Much of Your Time and Resources?

Does Plan Administration Take Up Too Much of Your Time and Resources?

ERISA's stringent requirements for Plan Sponsors have made the administration of retirement plans even more complex and subject to legal challenges. Now ...

“We’ve Been Hacked” – Cybersecurity and Your Employees

“We’ve Been Hacked” – Cybersecurity and Your Employees

It happens every minute of every day, in all types of businesses around the country: an employee receives a fake email and unwittingly clicks on a link ...

Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

The Employee Retirement Income Security Act known as “ERISA” regulates 401(k) and most other types of employee benefit plans. Under ERISA, anyone who handles ...

Market Volatility: How to Weather The Storm?

Market Volatility: How to Weather The Storm?

The volatility in the financial markets have many 401(k) plan participants asking for guidance on how to weather the storm and manage their assets. Charles ...

Getting the Word Out to Your Employees about Retirement Planning

Getting the Word Out to Your Employees about Retirement Planning

A 33-year-old single mother, Karina paid little attention to her employer’s notices about the company’s 401(k) retirement plan. Retirement seemed like ...

Starter-K Act of 2022 Introduced in the Senate

Starter-K Act of 2022 Introduced in the Senate

On March 30, 2022, Senators John Barrasso (R-WY) and Tom Carper (D-DE) introduced the bi-partisan Starter-K Act in the Senate. This bill allows employers ...

MyCTSavings Notice: Employers with Qualified Retirement Plans Must Certify Their Exception

MyCTSavings Notice: Employers with Qualified Retirement Plans Must Certify Their Exception

Connecticut has implemented a mandatory program called MyCTSavings for employers with 5 employees or more who do not currently have a retirement plan in ...

Cash Balance Plans: Don’t Miss Out!

Cash Balance Plans: Don’t Miss Out!

Cash balance plans can offer high-income business owners and executives significant tax advantages and a way to build large retirement assets. A cash balance ...

Tax Credits for Retirement Plan Start-up Costs

Tax Credits for Retirement Plan Start-up Costs

Retirement plans can help employers attract and retain workers and improve morale. If you’re a small business owner considering a qualified retirement ...

New Laws for 2022: Time to Look at your Handbooks!

New Laws for 2022: Time to Look at your Handbooks!

Paid Leave Connecticut employers have been (or should have been) withholding a small percentage of employees’ salaries this year to contribute to the ...

The Advantages of Roth After-Tax 401k Deferrals

The Advantages of Roth After-Tax 401k Deferrals

When a 401k plan includes a Roth option, participants who are eligible to make traditional pre-tax 401k deferrals are also eligible to make Roth after-tax ...

Is Your Organization Safe from Email Attacks?

Is Your Organization Safe from Email Attacks?

In the fourth edition of the Phishing and Fraud Report, it was discovered that phishing incidents rose 220% during the height of the global pandemic compared ...

Notice to Employees Regarding Saver's Credit

Notice to Employees Regarding Saver's Credit

This notice explains how you may be able to pay less tax by contributing to your Employer’s Plan or to an individual retirement arrangement (“IRA”). If ...

What You Need to Know about New Rules for Required Minimum Distributions (RMDs)

What You Need to Know about New Rules for Required Minimum Distributions (RMDs)

A required minimum distribution, or RMD, is the minimum amount that must be withdrawn each year from a retirement account such as an IRA, 401(K), 403(B) ...

Why Your Company should Hire a 3(16) Fiduciary

Why Your Company should Hire a 3(16) Fiduciary

Offering an attractive 401(k) plan is important to attract and retain good employees, but just as important is effective administration of the plan. Hiring ...

Plan Fiduciary Services and Why They Matter

Plan Fiduciary Services and Why They Matter

3(16) Fiduciary Service and Why You Should Care People who exercise control and authority over the management of a retirement plan's assets are fiduciaries. ...

TPS Group Now Offers 3(16) Plan Administration

TPS Group Now Offers 3(16) Plan Administration

With TPS 3(16) Service, LLC as the 3(16) fiduciary, employers can rest easy knowing that all plan decisions are made in the best interest of the participants. Does ...

Fiduciary Responsibilities

Fiduciary Responsibilities

Key Facts Employers Need to Know Employers who offer 401(k) Profit Sharing Plans must meet standards of conduct and practice under ERISA, but misconceptions ...

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