Retirement Plan Management, Human Resources, Payroll, and Benefit Solutions
TPS Group is a family of companies providing a variety of products and services in the area of Retirement Planning and Plan Management, Payroll, HR, and Benefits. By offering an a la carte menu of specialized services, TPS Group can help you run your business more efficiently.
Many employees have worked for us for 15 years or more, often bringing with them business savvy gained throughout their careers.Read More
With decades of experience, TPS Group has grown into the resource for companies.Read More
We continue to combine our use of cutting-edge technology in providing clients what they need.Read More
The one-on-one relationships we have with every client is very important.Read More
The Latest News
Pros and Cons of CARES Act Retirement Account Withdrawals
Posted on Jul 7, 2020
The CARES Act, signed into law in March 2020, provides a unique opportunity for people impacted by COVID-19 to access their retirement funds up until December 31 of this year with less financial penalty than usual. Qualified individuals may withdraw up to $100,000 in coronavirus-related distributions without incurring the 10% premature distribution tax. »
Paying Fees From Plan Assets
Posted on Jun 20, 2020
COVID-19 is obviously causing financial stress and, when it comes to your qualified retirement plan, you may be looking for ways to reduce expenses. You have the option to use plan assets to pay some plan expenses, as long as you follow Department of Labor and IRS rules. »
What should I do if my employees are making more money on unemployment and don’t want to return to work?
Posted on Jun 17, 2020
A provision in the CARES Act provides unemployed workers with a $600 weekly federal unemployment benefit on top of state unemployment benefits. In some cases, the additional $600 per week is worth two to three times as much as the weekly benefit offered by states. »