The Pension Service
TPS 3(16) Service
Payright Payroll Affiliates
Benefits Plus
TPS Group Medical
- TPS Group
- Areas Served
- Cambridge, MA
- The Pension Service
- Retirement Administration Services
Retirement Administration Services in Cambridge, MA
At TPS Group, we offer all of the services you need to simplify the management of your company retirement plan and to maintain compliance.
TPS is committed to delivering solutions-based retirement programs based on your business environment, your culture and -- most importantly -- your needs.
At The Pension Service in Cambridge, MA, we offer all of the services you need to simplify the management of your company retirement plan and to maintain compliance.
TPS is committed to delivering solutions-based retirement programs based on your business environment, your culture and -- most importantly -- your needs.
- Preparation of interim and annual valuation reports
- Partner with numerous recordkeeping solutions including daily valuation, balance forward and trust accounting
- Benefit statement
- Calculation of employer contribution
- Consultation on corrective processing
- Loan administration
- Calculation of vested and forfeited benefits
- Distribution/rollover assistance
- ERISA compliance
- Non discrimination testing
- Reporting and disclosure reports including the IRS form 5500
- Employee enrollment support
TPS Group is a third-party retirement plan administrator, serving Cambridge, MA and the entire Northeast.
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Further Reading: Retirement Administration Services
- 401k and Retirement Plan Limits for the Tax Year 2024
- Choosing A Retirement Plan For Your Small Business
- Action Doc: Aligning Plan Design with Your Goals
- SECURE Act: Making it Actionable
- CARES Act Summary-TPS Group
- How the CARES Act Applies to Your Retirement Plan
- Action Doc: Did You Know You Are a Fiduciary
- Action Doc: Financial Wellness Is Essential to Saving for Retirement
- Action Doc: Understanding Plan Audits
- 401(k) Plan Checklist
- New Pension Legislation Passes
- Action Doc: Your World Evolves and Your Retirement Plan Should, Too
- Action Doc: It’s Time to Restate Your Defined Benefit Plan Document
- Why TPS Group Presentation
Retirement Administration Services Videos
Your World Evolves and Your Retirement Plan Should, Too
SECURE Act - Setting Every Community Up for Retirement Enhancement.
Frequently Asked Questions
What is a 401(k) Plan?
A 401(k) is a feature of a qualified profit sharing plan that allows employees to contribute a portion of their wages to individual accounts. A Traditional 401k Plan is sponsored by an employer and it lets workers save and invest a portion of their paycheck before taxes are taken out up to IRS prescribed limits. These taxes are not paid until the money is withdrawn from the account at retirement or other distributable events.
What is a Roth 401(k) Plan?
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.
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
"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
"Wonderful To Work With"
My go to professional is Des. A wonderful person to work with. We can count on him to handle all of our needs.
- Andrea Blakeslee
"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
Dependable, experienced, and professional
Dependable, experienced, and professional, our TPS Group recruiter was an invaluable resource, helping us locate and vet quality talent.
- Tyler R. Vunk
