As a TPA (Third Party Administrator) since 1964, our customized solutions are tailored TPS Group to help you run your business more efficiently.
As well respected TPA (third party administrator), TPS Group has developed a close relationship with the business community throughout New England since its inception.
TPS Group can be a powerful ally in your effort to improve efficiency, quality and effectiveness of your business processes. Our Family of Companies, with its primary focus as a TPA, provide expertise and experience in a variety of functional areas.
Our goal since 1964, has been to help clients streamline their business functions by providing single-source access to important products, programs and services.
Retirement Plan Consultants (TPA Services)
Employer Sponsored Benefit Plans
Offering your employees Flexible Spending Account Benefits. FSAs offer many benefits for both employers and employees, including substantial savings on qualified healthcare expenses.
Employers establish a menu of benefits by electing to offer group health or accident insurance, group term life insurance, disability benefits, dental insurance, vision insurance, or voluntary benefits.
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.
A company retirement plan in which a retired employee receives a specific amount based on salary history and years of service and in which the employer bears the investment risk.
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.
TPA Team Members
President and Owner
Partner and Vice-President
Vice-President of Operations
Vice-President of Sales and Marketing
Sales Consultant/Client Relationship Representative, North Haven, CT location
Sales Consultant, Westbrook, Maine location
Benefit Consultant, Buffalo, NY Location
Sales Consultant/Client Relationship Representative, Westbrook, Maine location
Vice President - Defined Contribution Department
Vice President & Consulting Actuary
Vice President, Pension Plan Design and Consulting
Vice President, AST Department, North Haven, CT location
Defined Contribution Manager, Westbrook, ME location
Defined Contribution Manager, Acton, MA location
Defined Contribution Manager, Buffalo NY location
Human resource data – laws, policies, forms and tools
Benefit plan compliance and assistance (health and retirement) COBRA HIPPA
TPA Frequently Asked Questions
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.