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"
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"
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
Extremely Valuable to Myself and Our Company
Kathleen has helped me gather info and understand text so many times and is extremely valuable to myself and our company.
- Elizabeth Robison
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
Pension Consultant Services
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.READ MORE »
A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan or tax deferred annuity (TDA), is a retirement plan for employees of certain tax-exempt organizations, employees of public schools, and certain ministers. The plan can take the form of an annuity contract, a retirement account set up for church employees, or a custodial account invested in mutual funds.READ MORE »
MEP Retirement Plans
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.READ MORE »
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.READ MORE »
Public Works Plans
A simple, low cost, innovative approach to Prevailing Wage Law Compliance. Our program offers an easy to understand solution that satisfies DOL requirements, while providing an open shop contractor the opportunity to not only lower their expenses, but reduce their liability.READ MORE »
Pension Consultant Team Members
Partner and Vice-President
Vice-President of Sales and Marketing
Sales Consultant, Buffalo, NY Location
Vice President - Defined Contribution Department
Vice President & Consulting Actuary
Vice President, Pension Plan Design and Consulting
Defined Contribution Manager, Westbrook, ME location
Defined Contribution Manager, Buffalo NY location
Pension Consultant Resources
U.S. Department of Labor (DOL)
- Federal wage and hour law
- Exempt and non-exempt employee status
- Compliance assistance
- Independent contractor rules for DOL
Internal Revenue Service (IRS)
- Federal tax laws, rules and forms
- Businesses and individuals
- Independent contractor rules for IRS
Pension Consultant Frequently Asked Questions
Q: What types of Pension Consultation Services are most commonly requested?
Employers typically seek Pension Consultation Services in the following areas:
- Controlled Group analysis
- Corrective processing consultation
- ERISA, DOL, IRS compliance
- DOL/IRS audit support
- Analyze legislation affecting plan design and operation
- VCP and VFCP filings
- Plan Document and Compliance Consultation
Pension Consultant Articles
Cash Balance Plans
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 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
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
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) ...
It’s a Juggling Act: How to Save for Retirement and Still Pay Your Bills
When you’re in your twenties and thirties, retirement seems like a long way off. Steve and Kim, both Millennials with a new house, two cars, and a baby ...
Should You Refinance Your Student Loans?
If you’re struggling to pay down your student loans, you’re not alone. About 44.7 million Americans carry student loan debt, with an average monthly payment ...
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 – 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 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?
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 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 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
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?
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
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 ...
"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
For the 401(k) fiduciary, the importance of timely salary deferral deposits cannot be overstated. An employer that fails to remit employee contributions ...