TPS Group is a employer retirement plan consulting firm committed to your company's unique needs.

We look forward to working with TPS Group next year

We look forward to working with TPS Group next year

As another year ends, I want to express my sincere gratitude and appreciation to you and TPS Group for assigning us Krista Blier. Krista provides exceptional customer service and has been a major asset to me and Lynch, Traub, Keefe & Errante, P.C. She is extremely knowledgeable and always accessible. Always on top of the RMD’s, giving me an explanation on form 5500-SF to present to Mr. Keefe & keeping us updated with any account changes as well as specifics. It is a relief knowing I have full faith in Krista and can turn a blind eye to our account. I cannot tell you how many vendors/brokers I have to stay on top of and babysit to make sure our deadlines are met and to perform their job duties. Krista is a pleasure to work with and we look forward to working with her and TPS Group next year.

- Michael Panela

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

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

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!

- Don Senecal

"Extremely Helpful to Our Business"

"Extremely Helpful to Our Business"

Malinda deserves special recognition. She is prompt, courteous, and professional. We find her to be extremely helpful to our business.

- Angela Simino

"Answers All Of My Questions In A Clear Manner"

"Answers All Of My Questions In A Clear Manner"

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.

- Kathy Townsend

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

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

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.

- Dan Neal

Knowledge and Expertise

Excellent customer service can be hard to find, but not with TPS Group! I know when I do business with Phil Coco, I can expect a quick response. I rely on his knowledge and expertise, and highly recommend TPS Group for their pension services.

- Mark Catullo

Employer Retirement Plan Consulting Services

Retirement Administration 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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Defined Benefit Plans

Defined Benefit Plans

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.

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Cash Balance Plans

Cash Balance Plans

A cash balance plan is a pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest credits.

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Employer Retirement Plan Consulting Team Members

Employer Retirement Plan Consulting Resources

Maine Department of Labor (Maine DOL)

Maine Department of Labor (Maine DOL)

  • State employment laws
  • State independent contractor rules
  • Unemployment
  • Workers’ compensation
  • Safety training & compliance assistance
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

Employer Retirement Plan Consulting Videos

Your World Evolves and Your Retirement Plan Should, Too

Did You Know You Are a Fiduciary

Financial Wellness Is Essential to Saving for Retirement

Defined Benefit Plans are Alive and Well

Paying Fees From Plan Assets

Employer Retirement Plan Consulting Frequently Asked Questions

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.  

Employer Retirement Plan Consulting Articles

Financial Wellness and Emergency Savings

Financial Wellness and Emergency Savings

Money is a leading cause of stress for most Americans, even those considered wealthy. Surveys show that people worry about retirement savings, unexpected ...

Pros and Cons of Annuities vs. Lump Sum Payouts for Defined Benefit Plans

Pros and Cons of Annuities vs. Lump Sum Payouts for Defined Benefit Plans

At age 66 and widowed, Eric was ready to retire and faced with a choice: take a one-time lump sum benefit equal to the $550,000 he had in his defined benefit ...

What Employers Need to Know about Cycle 3 Restatements

What Employers Need to Know about Cycle 3 Restatements

Every six years, the IRS requires employers to restate their qualified retirement plan documents to incorporate any recent legislative and regulatory changes ...

Season’s Greetings from TPS Group

Season’s Greetings from TPS Group

To our Friends and Associates – Each year during the holiday season, we take great pleasure in setting aside time from our regular work to send a heartfelt ...

Top Fears of Employees Approaching Retirement

Top Fears of Employees Approaching Retirement

The decision to retire often brings a mix of emotions: relief, excitement, and anticipation of more time to relax, travel, and pursue other interests. ...

IRS Announces 2021 Cost of Living Adjustments to Various Retirement Plan Limits

IRS Announces 2021 Cost of Living Adjustments to Various Retirement Plan Limits

View the 2021 vs. 2020 retirement plan limits for various types of plans, based on new cost of living adjustments recently announced by the IRS.

Performance Development vs Performance Management: Is it Time for a Change?

Performance Development vs Performance Management: Is it Time for a Change?

“I’ve been doing performance reviews for the past 20 years, and I’ve never gone back and looked at any of them once they were submitted.” “I usually just ...

Pros and Cons of CARES Act Retirement Account Withdrawals

Pros and Cons of CARES Act Retirement Account Withdrawals

Bob’s wife, Angie, was laid off from her job in retail when the pandemic began and stores closed their doors. To make matters worse, Bob became infected ...

TPS Talks Newsletter | Apr. - May 2020 | Issue 1

TPS Talks Newsletter | Apr. - May 2020 | Issue 1

This forwards automatically to the Newsletter PDF with proper formatting

COVID-19 and Workplace Stress: Tips for Managers and Leaders

COVID-19 and Workplace Stress: Tips for Managers and Leaders

As the engines of the economy restart in phases, many business leaders are grappling with concerns about the welfare and safety of their employees and ...

CEFEX, Centre for Fiduciary Excellence, LLC, has renewed the certification of TPS Group

CEFEX, Centre for Fiduciary Excellence, LLC, has renewed the certification of TPS Group

RECORDKEEPER/ADMINISTRATOR RENEWS CERTIFICATION TO INDUSTRY BEST PRACTICES PITTSBURGH, May 27, 2020, CEFEX, Centre for Fiduciary Excellence, LLC, has ...

May is Mental Health Awareness Month

May is Mental Health Awareness Month

May is Mental Health Awareness Month. Nearly 450 Million people worldwide are currently living with some level of mental illness including anxiety, depression ...

How the CARES Act Applies to Your Retirement Plan

How the CARES Act Applies to Your Retirement Plan

This forwards automatically to the Employer Connect PDF with proper Q&A formatting.

Aligning Plan Design with Your Goals

Aligning Plan Design with Your Goals

Aligning Plan Design with Your Goals Most of us live in homes that were not custom-designed for us. We adapt to them rather than expect them to be optimized ...

The CARES Act and Retirement Plans

The CARES Act and Retirement Plans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020, in response to the coronavirus pandemic. Key provisions ...

CT Recovery Bridge Loan Program

CT Recovery Bridge Loan Program

Coronavirus Business Recovery TPS Group will continue representing the interests of you and your employees during this crisis and keep you informed of ...

Families First Coronavirus Response Act (FFCRA)

Families First Coronavirus Response Act (FFCRA)

As America has nearly shut down overnight due to the coronavirus pandemic, we understand employers are faced with growing concerns about how to manage ...

IRS Extends 2019 Qualified Plan, IRA, HSA Contribution Deadlines

IRS Extends 2019 Qualified Plan, IRA, HSA Contribution Deadlines

The IRS on March 24 updated its website to indicate that it has extended until July 15, 2020 the deadlines for making contributions to workplace-based ...

TPS Group Statement On COVID-19 Outbreak

TPS Group Statement On COVID-19 Outbreak

At TPS Group, we care deeply about the safety of our employees, customers, and communities. Due to the evolving situation with the coronavirus (COVID-19) ...

Dealing with Coronavirus: Employer Considerations

Dealing with Coronavirus: Employer Considerations

As the number of coronavirus (COVID-19) cases increases in the United States, employers are faced with growing concerns about how to manage the impact ...

Your World Evolves and Your Retirement Plan Should, Too

Your World Evolves and Your Retirement Plan Should, Too

The written version of your retirement plan, your plan document, defines how the plan operates. Naturally, when you started your plan, it reflected what ...

How a Cash Balance Plan Works

How a Cash Balance Plan Works

How a Cash Balance Plan Works Each participant has a hypothetical account balance which grows annually in two ways: first, a principal credit, which is ...

Understanding How Forfeitures Work in Your Retirement Plan

Understanding How Forfeitures Work in Your Retirement Plan

Understanding How Forfeitures Work in Your Retirement Plan When we talk about 401(k) retirement plans, we sometimes focus on the contributions made by ...

It’s Time to Restate Your Defined Benefit Plan Document

It’s Time to Restate Your Defined Benefit Plan Document

Every retirement plan is required to have a formal written document that spells out how it operates. When Congress passes new laws that impact how retirement ...

IRS Announces 2020 Pension Plan Limitations

IRS Announces 2020 Pension Plan Limitations

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500 The Internal Revenue Service announced that employees in 401(k) ...

Understanding Why a QDIA Matters

Understanding Why a QDIA Matters

Understanding Why a QDIA Matters Auto-enrollment has been proven to be effective in raising participation rates in 401(k) plans. As a result, it's been ...

The Loan They Never Take May Make All the Difference

The Loan They Never Take May Make All the Difference

IRS rules provide for participant loans and hardship withdrawals from 401(k) and other plans. They’re not required, but rather left to the discretion of ...

When to Set Sail with Safe Harbor

When to Set Sail with Safe Harbor

When to Set Sail with Safe Harbor You already know that a 401(k) is a very popular retirement plan and, like other plan designs, it allows your employees ...

Financial Wellness Is Essential to Saving for Retirement

Financial Wellness Is Essential to Saving for Retirement

Financial Wellness – It’s Essential to Saving for Retirement Introducing a workplace retirement plan can be a compelling way for emplyees to take control ...

Defined Benefit Plans are Alive and Well

Defined Benefit Plans are Alive and Well

Defined Benefit Plans are Alive and Well For the most part, the news about Defined Benefit plans lately has not been particularly good. Whether a big ...

The Cost of Aging: Are You Ready?

The Cost of Aging: Are You Ready?

Forty-five years old, married with two teens, and employed full-time, Shannon struggled to care for her aging parents as their health deteriorated. Her ...

Cash Balance Plans Allow Six Figure Annual Contributions

Cash Balance Plans Allow Six Figure Annual Contributions

Cash Balance Plans Allow Six Figure Contributions Most people can contribute to their 401(k) without worrying about exceeding the annual contribution ...

To Roth or Not to Roth

To Roth or Not to Roth

To Roth or Not to Roth A compelling feature of a 401(k) plan has always been the opportunity to contribute money from your current income on a pre-tax ...

Steps To Take To Protect Your Investments

Steps To Take To Protect Your Investments

Retirement accounts have become an attractive target for cyber-thieves, and fraudulent activity is on the rise nationally. Here are important steps to ...

Gen Z in the Workplace: Are Companies Ready?

Gen Z in the Workplace: Are Companies Ready?

Young adults of Generation Z, defined as the cohort of people born from 1997 on, are entering the workforce and will change the rule book just as the Millennials ...

The Vanishing Employee: “Ghosting” at Work

The Vanishing Employee: “Ghosting” at Work

It’s a new, startling labor trend in one of the strongest job markets in 19 years: “ghosting.” Once a term used primarily in the dating world to describe ...

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 ...

Boost Retirement Savings with a HSA

Boost Retirement Savings with a HSA

Health Savings Accounts (HSAs) offer significant tax advantages and can be an effective way to cover health care costs in retirement. By law, HSAs are ...

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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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