Retirement Plan Design

Retirement Plan Consultants (TPA Services)

At TPS Group, we offer all of the services you need to simplify the management of your company retirement plan and to maintain compliance.

TPS Group is a Third Party Retirement Administrator (TPA) committed to your company's success.

Here at The Pension Service, we understand Retirement Plans and the importance that they play within your company; for both you and your employees. TPS Group works with businesses like yours to help achieve long-term success. The Pension Service will help you design a 401(k) Program that your employees can easily understand and feel confident participating in.

Managing a retirement plan for your company shouldn’t be a burden. When you enroll in The Multiple Employer Plan from The Pension Service you benefit from the support of a company with 50 years of experience in administering retirement plans for businesses just like yours.

TPS Group offers the expertise needed to develop and implement a Profit Sharing Plan that is tailor fit to your business. As with 401(k) plans, you can make a profit-sharing plan as simple or as complex as you want. A profit-sharing plan is available for a business of any size, and it can be established even if a company already has other retirement plans.

A simple, low cost, innovative approach to Prevailing Wage Law Compliance. Our program offers an easy to understand solution that satisfies DOL requirements, while providing an open shop contractor the opportunity to not only lower their expenses, but reduce their liability.

At The Pension Service, we are committed to provide the highest quality actuarial, consulting and retirement plan administration services by listening carefully and being responsive with creative solutions that meet the unique needs and objectives of our clients.

We offer a variety of retirement plans for businesses of all sizes.

President and Owner

Partner and Vice-President

Vice-President of Sales and Marketing

Sales Consultant, Westbrook, Maine location

Vice President - Defined Contribution Department

Vice President & Consulting Actuary

Vice President, Pension Plan Design and Consulting

Defined Contribution Manager, Acton, MA location

Defined Contribution Manager, Buffalo NY location

Anti-discrimination law enforcement

Human resource data – laws, policies, forms and tools

Benefit plan compliance and assistance (health and retirement) COBRA HIPPA

A 401(k) is a feature of a qualified profit sharing plan that allows employees to contribute a portion of their wages to individual accounts. A Traditional 401k Plan is sponsored by an employer and it lets workers save and invest a portion of their paycheck before taxes are taken out up to IRS prescribed limits. These taxes are not paid until the money is withdrawn from the account at retirement or other distributable events. 

A Roth 401(k) is an increasingly popular option within a 401(k) plan that represents a combination of features of the Roth IRA and a traditional 401(k) plan. In a traditional 401(k), you contribute income pre-tax, and then pay taxes on the funds when you withdraw them during retirement.

By offering a Roth 401(k) option, employees can elect to pay the taxes upfront allowing them to make withdrawals tax-free during their retirement.

Under the Roth 401(k), employees may contribute funds on a post-tax elective deferral basis, in addition to, or instead of, pre-tax elective deferrals under their traditional 401(k) plans.