Get expertise with 401(k) plan design from TPS Group.

There are a lot of components to 401(k) plans that an employer must consider. TPS Group is here to help make those decisions easier by providing you with the expertise and the information you need. Whether you're looking to establish new retirement services, such as a 401(k) Plan in CT, or revise your company’s current plan, TPS Group can walk you through the options. Our process is designed to be easy to understand and implement. 

401k Plan Assistance Divisions

The Pension Service

Retirement Plan Consultants (TPA Services)


Benefits Plus

Employer Sponsored Benefit Plans

Highly impressed with their level of expertise and outstanding customer service.

Don Senecal

I highly recommend TPS Group and their quality third-party administration for our 403(b) plan. During our long relationship with TPS Group, we have never failed to be impressed with their level of expertise and outstanding customer service. They keep their promises and it’s easy to work with them. Having our own rep Lauren McNabb is a plus!

"Answers All Of My Questions In A Clear Manner"

Kathy Townsend

Our case administrator, Susan, has been absolutely wonderful and is a joy to work with. She is very knowledgeable, patient, answers all of my questions in a clear manner, and is professional.

They are a pleasure to work with and we highly recommend their services.

Dan Neal

For many years we’ve relied on TPS Group’s extensive knowledge and industry expertise to keep us in compliance with state and federal regulations as well as changes in the law. Their attention to detail is just what we need to keep our business operations running smoothly. They are a pleasure to work with and we highly recommend their services.

401k Plan Assistance Services

Retirement Administration 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.

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Pension Consultation Services

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

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401(k) Plans

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.

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Profit Sharing Plans

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.

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Creative Plan Design

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.

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More Retirement Plan Types

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

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401k Plan Assistance Team Members

401k Plan Assistance Resources

U.S. Department of Labor (DOL)

U.S. Department of Labor (DOL)

  • Federal wage and hour law
  • Exempt and non-exempt employee status
  • Compliance assistance
  • Independent contractor rules for DOL
Maine Revenue Services (MRS)

Maine Revenue Services (MRS)

  • State tax laws, rules and forms
  • Businesses and individuals
Internal Revenue Service (IRS)

Internal Revenue Service (IRS)

  • Federal tax laws, rules and forms
  • Businesses and individuals
  • Independent contractor rules for IRS
Society for Human Resource Management (SHRM)

Society for Human Resource Management (SHRM)

Human resource data – laws, policies, forms and tools

401k and Retirement Plan Limits for the Tax Year 2019

401k and Retirement Plan Limits for the Tax Year 2019

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS issued technical guidance detailing these items in Notice 2018-83.

401k Plan Assistance Frequently Asked Questions

Q: What is a 401(k) Plan?

A: 

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. 

Q: What is a Roth 401(k) Plan?

A: 

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.  

401k Plan Assistance Articles

Should You Borrow from Your 401(k) Account?

Should You Borrow from Your 401(k) Account?

Eric’s landlord was raising the rent again, and this time Eric decided he was ready to move out and buy his own house. After meeting with a loan officer ...

Are You Taking Advantage of Your Employer’s Matching Contribution?

Are You Taking Advantage of Your Employer’s Matching Contribution?

Many employees don’t contribute enough to their 401(k) to take full advantage of their employer’s matching contribution. Are you one of them? Maybe you ...

"Hot Topics in HR" Complimentary Seminar

"Hot Topics in HR" Complimentary Seminar

Don't Miss This Opportunity!  "Hot Topics in HR" Complimentary Seminar November 13, 2018 You are invited to a complimentary seminar and brunch buffet ...

Salary Deferral Deposits: Avoiding Fiduciary Violations

Salary Deferral Deposits: Avoiding Fiduciary Violations

For the 401(k) fiduciary, the importance of timely salary deferral deposits cannot be overstated. An employer that fails to remit employee contributions ...

Maximizing Social Security Income

Maximizing Social Security Income

Bill and Sue, a married couple seeking advice from their financial advisor, felt that they were in a quandary. At age 62, Bill wanted to retire within ...

Are Millennials Saving for Retirement?

Are Millennials Saving for Retirement?

Samantha, age 27, is a special education teacher in her third year of teaching. She and her fiancé have just bought their first home and are planning their ...

Managing Re-Hires

Managing Re-Hires

Publication: Solutions in a Flash Volume/Issue: October 2018 Managing Re-Hires Aaron R. Moody As we approach Halloween, let’s take a look at a real ...

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Office Locations

North Haven, CT

Tel: (203) 234-2229
Fax: (203) 234-8369

Acton, MA

Tel: (978) 369-2318
Fax: (978) 379-8481

Westbrook, ME

Tel: (207) 854-1304
Fax: (207) 854-1305

Buffalo, NY

Tel: (716) 839-9405
Fax: (716) 839-9713

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