The Pension Service
TPS 3(16) Service
Payright Payroll Affiliates
Benefits Plus
TPS Group Medical
Expert Guidance and Customized Solutions Since 1964.
Celebrating over 50 years in business.
meet our family of companies
Cost effective Actuarial and Employer sponsored retirement benefit services.
Celebrating over 50 years in business.
learn more about usTPS Group Provides Retirement Plan Management, 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, and Benefits. By offering an a la carte menu of specialized services, TPS Group can help you run your business more efficiently.
Our Strategic Partner for HR Services: Blueprint HR Solutions
Blueprint HR Solutions provides expertise in all key HR functional areas. Even organizations with fully developed HR departments can run into unexpected challenges. Whether you need guidance on a particular matter, help executing an HR initiative, an outside third-party perspective on a critical issue, or simply expertise in an area such as compensation, our experienced HR Consulting team is a strategic partner for you at all levels of your organization.
The Latest News
Auto-Enrollment and Auto-Escalation in 401(k) Plans: How to Optimize Retirement Outcomes for Your Employees
Posted on Jan 18, 2023
Auto-enrollment and auto-escalation features in 401(k) plans can greatly benefit employees by encouraging them to save for retirement at an early stage and at a high enough rate to meet their future income needs. However, these features should be reviewed to ensure they are optimized and not just offered to new employees, as existing workers can also benefit from them. »
The Pros and Cons of 401(k) Loans and Hardship Withdrawals
Posted on Jan 9, 2023
Employers may allow employees to take loans or hardship withdrawals from their 401(k) accounts, but they come with risks and potential tax consequences. Hardship withdrawals can reduce an employee's account balance, and loans may incur taxes and penalties if not repaid. Employers should carefully weigh the benefits and risks before offering these options to employees. »
Is a Roth 401(k) Right for You?
Posted on Dec 6, 2022
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 Since taxes on a 401(k) are deferred until funds are actually withdrawn, the premise is that in retirement, the individual will be in a lower tax bracket than while employed. »
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