Protecting you and those left behind is what life insurance is all about.

Every year the cost of health insurance is increasing, making it difficult to continue to offer it to your employees and retirees. When we meet with an employer group, first and every time, we’ll ask questions to put together a comparison of plans based on your answers and the best value. We’re here to help make it an effortless process.

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

"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

TPS filled in the gaps within our small HR department

Working with Kim and her talented team helped us fill in the gaps within our small HR department. I strongly recommend TPS for HR tasks that don’t warrant hiring a full-time team. Thanks again Kim!

- Jake F

Group Life & Health Insurance Services

Group Medical Insurance

Group Medical Insurance

Every year the cost of health insurance is increasing, making it difficult to continue to offer it to your employees and retirees. When we meet with an employer group, first and every time, we’ll ask questions to put together a comparison of plans based on your answers and the best value. We’re here to help make it an effortless process.

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Health Reimbursement Accounts

Health Reimbursement Accounts

Health Reimbursement Accounts (HRA) may work in conjunction with any insurance plan. It can be designed to cover specific health expenses, or insurance plan cost-sharing, such as co-pays, coinsurance or a portion of the deductible on a High Deductible Health Plan. HRAs are funded and owned solely by the employer and are utilized for the benefit of employees to cover the cost of medical expenses chosen by you.

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Group Dental

Group Dental

Group Dental provides the benefits associated with better overall health for your employees and can be a key component in a competitive compensation package to attract and retain the best employees.

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NYS DBL/Enhanced

NYS DBL/Enhanced

As a business owner in New York with employees, you know the state mandates disability coverage for your employees that get sick or hurt off the job. NYS DBL provides coverage up to 26 weeks for your employees. For a very affordable rate you can enhance this coverage, increasing the weekly amount available.

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Long and Short Term Disability

Long and Short Term Disability

Attracting and retaining top-tier employees should be a top priority within your company. Offering disability insurance will not only give your employees peace of mind, but help you compete with other companies that may be offering it.

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Group Life Insurance

Group Life Insurance

No one likes to think about prematurely dying, but the reality is it happens. Protecting those left behind is what life insurance is all about. Whether the goal is to pay off debt, like a mortgage, cover lost income or retirement, or give children the ability to continue to go to college. It’s care when someone is no longer here.

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Voluntary Benefits

Voluntary Benefits

These plans are designed to supplement benefits that you, the employer, offer. Usually the employees pay for the plans, certain plans can be offered on a pre-tax basis and by paying that way it saves the employer FICA. Why wouldn’t you have these available?

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High Deductible Health Plans

High Deductible Health Plans

At TPS Group Medical, we understand that choosing the right health plan for you and your family can be overwhelming. That's why we offer High Deductible Health Plans (HDHPs) that combine traditional medical coverage with a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) to help you save for future medical expenses while providing flexibility and discretion over how you use your healthcare dollars today.

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Group Life & Health Insurance Team Members

Group Life & Health Insurance Resources

Internal Revenue Service (IRS)

Internal Revenue Service (IRS)

  • Federal tax laws, rules and forms
  • Businesses and individuals
  • Independent contractor rules for IRS
COBRA Information & Notices for Continuation of Health Coverage

COBRA Information & Notices for Continuation of Health Coverage

COBRA Continuation Coverage - Resources for Employers, Advisers, Workers & Families

Group Life & Health Insurance Articles

Retiring Overseas: Pros and Cons of International Retirement

Retiring Overseas: Pros and Cons of International Retirement

Retiring abroad can be an attractive option for individuals seeking a change of scenery, a lower cost of living, or new cultural experiences and adventures ...

How Your HSA Can Supplement Retirement Savings

How Your HSA Can Supplement Retirement Savings

Jordan and Lisa both had high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) through their employers. Throughout their working years, ...

A Fresh Start: Financial Planning for the New Year

A Fresh Start: Financial Planning for the New Year

January is an opportune time to reflect on our financial habits and set the stage for a secure and prosperous future. Financial planning is not just about ...

Generational Savings: Boomers to Gen Z

Generational Savings: Boomers to Gen Z

In the dynamic landscape of personal finance, each generation brings its unique approach to savings, shaped by the economic and political climate, societal ...

Long-Term, Part-Time Rules

Long-Term, Part-Time Rules

As part of the SECURE Act, Long-Term, Part-Time (“LTPT”) rules were created in 2019. Effective for plan years beginning after 12/31/2020, 401(k) plans ...

Don’t Let Health Care Costs Derail Your Retirement

Don’t Let Health Care Costs Derail Your Retirement

After housing and food, health care is one of the largest expenses you can expect in retirement. According to Fidelity Investments, a 65-year-old retiring ...

Employers: Now’s the Time to Act!

Employers: Now’s the Time to Act!

If you’re an employer with a SIMPLE IRA plan for your workforce and want to switch to a 401(k) profit-sharing plan beginning January 1, 2024, the deadline ...

Is a Roth 401(k) Right for You?

Is a Roth 401(k) Right for You?

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 ...

Is Your Retirement Plan Still Aligned with Your Business Needs?

Is Your Retirement Plan Still Aligned with Your Business Needs?

With 2023 right on the horizon, now is a good time for employers to review whether their retirement plans are still in alignment with their business needs ...

Understanding ERISA Fidelity Bonds and Fiduciary Liability Insurance

Understanding ERISA Fidelity Bonds and Fiduciary Liability Insurance

The Employee Retirement Income Security Act (ERISA) is a federal law that sets rules and standards of conduct for most voluntarily established retirement ...

IRS Extends Deadlines for Retirement Plan Amendments

IRS Extends Deadlines for Retirement Plan Amendments

This month, the IRS extended the deadlines to adopt certain retirement plan amendments for most plans. Notice 2022-33 provides plan sponsors with an extension ...

“We’ve Been Hacked” – Cybersecurity and Your Employees

“We’ve Been Hacked” – Cybersecurity and Your Employees

It happens every minute of every day, in all types of businesses around the country: an employee receives a fake email and unwittingly clicks on a link ...

Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

The Employee Retirement Income Security Act known as “ERISA” regulates 401(k) and most other types of employee benefit plans. Under ERISA, anyone who handles ...

Getting the Word Out to Your Employees about Retirement Planning

Getting the Word Out to Your Employees about Retirement Planning

A 33-year-old single mother, Karina paid little attention to her employer’s notices about the company’s 401(k) retirement plan. Retirement seemed like ...

Starter-K Act of 2022 Introduced in the Senate

Starter-K Act of 2022 Introduced in the Senate

On March 30, 2022, Senators John Barrasso (R-WY) and Tom Carper (D-DE) introduced the bi-partisan Starter-K Act in the Senate. This bill allows employers ...

MyCTSavings Notice: Employers with Qualified Retirement Plans Must Certify Their Exception

MyCTSavings Notice: Employers with Qualified Retirement Plans Must Certify Their Exception

Connecticut has implemented a mandatory program called MyCTSavings for employers with 5 employees or more who do not currently have a retirement plan in ...

Cash Balance Plans: Don’t Miss Out!

Cash Balance Plans: Don’t Miss Out!

Cash balance plans can offer high-income business owners and executives significant tax advantages and a way to build large retirement assets. A cash balance ...

Tax Credits for Retirement Plan Start-up Costs

Tax Credits for Retirement Plan Start-up Costs

Retirement plans can help employers attract and retain workers and improve morale. If you’re a small business owner considering a qualified retirement ...

New Laws for 2022: Time to Look at your Handbooks!

New Laws for 2022: Time to Look at your Handbooks!

Paid Leave Connecticut employers have been (or should have been) withholding a small percentage of employees’ salaries this year to contribute to the ...

The Advantages of Roth After-Tax 401k Deferrals

The Advantages of Roth After-Tax 401k Deferrals

When a 401k plan includes a Roth option, participants who are eligible to make traditional pre-tax 401k deferrals are also eligible to make Roth after-tax ...

Is Your Organization Safe from Email Attacks?

Is Your Organization Safe from Email Attacks?

In the fourth edition of the Phishing and Fraud Report, it was discovered that phishing incidents rose 220% during the height of the global pandemic compared ...

Notice to Employees Regarding Saver's Credit

Notice to Employees Regarding Saver's Credit

This notice explains how you may be able to pay less tax by contributing to your Employer’s Plan or to an individual retirement arrangement (“IRA”). If ...

What You Need to Know about New Rules for Required Minimum Distributions (RMDs)

What You Need to Know about New Rules for Required Minimum Distributions (RMDs)

A required minimum distribution, or RMD, is the minimum amount that must be withdrawn each year from a retirement account such as an IRA, 401(K), 403(B) ...

2021 Tax Advantages of Cash Balance Plans

2021 Tax Advantages of Cash Balance Plans

A cash balance plan is an employer-sponsored defined benefit plan that can be created by any business entity including Corporations, LLCs, Partnerships, ...

Are HSAs Redefining Health Care?

Are HSAs Redefining Health Care?

Ron, a single Millennial, was given the option by his employer during the annual enrollment period to choose a high-deductible health plan (HDHP) with ...

Cycle 3 Restatements: Here’s What You Need to Know

Cycle 3 Restatements: Here’s What You Need to Know

The Internal Revenue service requires all qualified retirement plans to update their plan documents every 6 years, in a formal process called a “plan restatement.” ...

Going Paperless with Retirement Plans

Going Paperless with Retirement Plans

In July 2020, the Department of Labor finalized a rule that makes it easier for retirement plan sponsors to send certain retirement plan documents to covered ...

New IRS Rules to Correct Plan Failures

New IRS Rules to Correct Plan Failures

Retirement plan sponsors and those who work to correct plan failures need to know that as of July 16, 2021, the IRS has extended the self-correction period ...

Are You at Risk for a Lawsuit? How HR Analysis can Save Employers from Costly Litigation

Are You at Risk for a Lawsuit? How HR Analysis can Save Employers from Costly Litigation

The last thing that Eric needed was the news that a former employee had filed a lawsuit against his company alleging discrimination. The owner of a manufacturing ...

What are the Best States for Retirement?

What are the Best States for Retirement?

For years, Bob and his wife Ellen talked about moving from the Northeast to a southern state when it was time to retire. They often vacationed at a coastal ...

How COVID has Impacted Retirement Readiness

How COVID has Impacted Retirement Readiness

Dawn and Carlos, a married couple in their early sixties, had both worked in the nonprofit sector for most of their careers. They had saved for retirement ...

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 ...

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. ...

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.

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) ...

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 ...

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 ...

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 ...

The Sobering Facts about Health Care Costs in Retirement

The Sobering Facts about Health Care Costs in Retirement

Unless you are one of the lucky few with a lifetime medical plan paid for by your employer, health care costs are one of the largest expenses in retirement ...

"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 ...

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 ...

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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