Human Resource Services

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.” ...

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 ...

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 ...

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 ...

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 ...

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

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 ...

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

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 ...

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

The coronavirus pandemic has forced many businesses to allow employees to work from home. In many cases this switch was a rapid one and for companies unaccustomed ...

“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 ...

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 ...

This forwards automatically to the Newsletter PDF with proper formatting

A provision in the CARES Act provides unemployed workers with a $600 weekly federal unemployment benefit on top of state unemployment benefits. In some ...

During a furlough, an employee remains employed and usually remains eligible for benefits (depending on the terms of the employer’s policies and plan documents). ...

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 ...

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. Nearly 450 Million people worldwide are currently living with some level of mental illness including anxiety, depression ...

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

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 ...

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

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

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 ...

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) ...

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 ...

Small businesses in America employ the majority of the nation’s private workforce, and most include Human Resources professionals as part of their team ...

As more and more states legalize marijuana for medical and recreational use, employers are increasingly faced with legal questions about their drug-free ...

As of October 1, 2019, a new law called the “Time’s Up Act” significantly expands sexual harassment training requirements for Connecticut employers. Previously, ...

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) ...

For many workers of the Baby Boomer generation, working long hours and leaving vacation time on the table is not uncommon. A 2016 Bankrate survey found ...

WASHINGTON, DC – The U.S. Department of Labor announced a final rule to make 1.3 million American workers eligible for overtime pay under the Fair Labor ...

PITTSBURGH, 05/14/2019– CEFEX, Centre for Fiduciary Excellence, LLC, has renewed the certification of TPS Group, headquartered in North Haven, CT as adhering ...

Is checking your Facebook feed, tweeting to friends or posting a vacation photo on Instagram while you’re at work a violation of your employer’s social ...

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

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 Contributions Most people can contribute to their 401(k) without worrying about exceeding the annual contribution ...

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

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 ...

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 ...

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 ...

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 ...

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 ...

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

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 ...

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 ...