MEP Retirement Plans TPA in Evans, NY

MEP Retirement Plans in Evans, NY

Managing a retirement plan for your company shouldn’t be a burden. When you enroll in The Multiple Employer Plan from The Pension Service you benefit from the support of a company with 50 years of experience in administering retirement plans for businesses just like yours.

What is a MEP Plan

MEP stands for Multiple Employer Plan. A MEP is a streamlined version of the complex 401(k) plans and are designed specifically to be easy to implement and less costly. It is the ideal solution for companies looking for a retirement plan that doesn’t require a great deal of management time.

Benefits of MEPs

Multiple Employer Plans give you the ability to pull in a group of two or more employers where there is no relation between the employers and cover them under one retirement plan. These employers may or may not share the same industry or have a common business relationship even though they are not a related employer. By implementing a MEP into your business, you’ll experience administrative convenience while minimizing fiduciary liability Multiple Employer Plans, among many other benefits, offer:

Low-cost alternative to the traditional 401(k)
Single source provider for payroll and pension plan
Reduced fiduciary responsibility
Automatic employee contributions
Low time commitment from HR staff
Easy plan for employees to understand
Access to an experienced retirement staff
Automated census reporting fiduciary fee disclosures and monitoring

Why TPS for MEPs in Evans, NY?

As industry experts in Retirement Plan Administration Services, The Pension Service makes adding a MEP to your benefits package easy, affordable, and manageable. How? When you enroll in the MEP, you’re automatically partnered with Payright Payroll Affiliates, Inc. – a leader in small business payroll solutions. This unique solution streamlines your payroll function with a single point of entry. We reduce your responsibility by providing all participant statements, annual reports, and participant records. We also take care of all the required annual compliance testing. It’s time to start talking about the specific needs for your company’s retirement plan.

**For more information on Multiple Employer Plans in Evans, NY, Contact TPS Group Today.**

MEP Retirement Plans Videos

SECURE Act - Setting Every Community Up for Retirement Enhancement.

Resources

401(k) and Retirement Plan Limits for the Tax Year 2024

401(k) and Retirement Plan Limits for the Tax Years 2018 through 2024.

Internal Revenue Service (IRS)

Federal tax laws, rules and forms
Businesses and individuals
Independent contractor rules for IRS

U.S. Department of Labor (DOL)

Federal wage and hour law
Exempt and non-exempt employee status
Compliance assistance
Independent contractor rules for DOL

Employee Benefits Security Administration

Benefit plan compliance and assistance (health and retirement) COBRA HIPPA

U.S. Bureau of Labor Statistics (BLS)

Labor statistics & wage data

Reviews

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.

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

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

Retirement Plan Consultants (TPA Services) in Evans, NY