TPS Group, celebrating 50 years in businsess as retirement plan consultants.

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 Group, our experienced team of retirement plan consultants is fully committed to delivering solutions-based retirement programs based on your business environment, your culture and -- most importantly -- your needs.

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

"Extremely Helpful to Our Business"

"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"

"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"

"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

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

Very Responsive And Clear To Requests And Questions

Our service representative, Carol, is outstanding and very responsive and clear to requests and questions. Very professional yet pleasant.

- Jane Surmecewicz

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

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

Retirement Plan Consultant Services

Retirement Administration Services

Retirement Administration Services

At TPS Group, we offer all of the services you need to simplify the management of your company retirement plan and to maintain compliance.

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Pension Consultation Services

Pension Consultation Services

TPS Group is a Third Party Retirement Administrator (TPA) committed to your company's success.

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401(k) Plans

401(k) Plans

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.

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403(b) Plans

403(b) Plans

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.

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Defined Benefit Plans

Defined Benefit Plans

A company retirement plan in which a retired employee receives a specific amount based on salary history and years of service and in which the employer bears the investment risk.

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Cash Balance Plans

Cash Balance Plans

A cash balance plan is a pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest credits.

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MEP Retirement Plans

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.

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Profit Sharing Plans

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.

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Public Works Plans

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.

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Creative Plan Design

Creative Plan Design

At The Pension Service, we are committed to provide the highest quality actuarial, consulting and retirement plan administration services by listening carefully and being responsive with creative solutions that meet the unique needs and objectives of our clients.

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More Retirement Plan Types

More Retirement Plan Types

We offer a variety of retirement plans for businesses of all sizes, including 401(k) Plans, Profit Sharing Plans, Creative Plan Design, Public Works Plans, & MEP Retirement Plans, and all of the options below.

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Retirement Plan Consultant Team Members

Retirement Plan Consultant Resources

U.S. Department of Labor (DOL)

U.S. Department of Labor (DOL)

  • Federal wage and hour law
  • Exempt and non-exempt employee status
  • Compliance assistance
  • Independent contractor rules for DOL
U.S. Bureau of Labor Statistics (BLS)

U.S. Bureau of Labor Statistics (BLS)

Labor statistics & wage data

Internal Revenue Service (IRS)

Internal Revenue Service (IRS)

  • Federal tax laws, rules and forms
  • Businesses and individuals
  • Independent contractor rules for IRS
Society for Human Resource Management (SHRM)

Society for Human Resource Management (SHRM)

Human resource data – laws, policies, forms and tools

Retirement Plan Consultant Videos

Your World Evolves and Your Retirement Plan Should, Too

Did You Know You Are a Fiduciary

Financial Wellness Is Essential to Saving for Retirement

Defined Benefit Plans are Alive and Well

Cash Balance Plans Allow Six Figure Annual Contributions

Retirement Plan Consultant Frequently Asked Questions

Q: What is a 401(k) Plan?

A: 

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. 

Q: What is a Roth 401(k) Plan?

A: 

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.  

Retirement Plan Consultant Articles

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 Issue 1

TPS Talks Newsletter | Apr. - May Issue 1

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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

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Aligning Plan Design with Your Goals

Aligning Plan Design with Your Goals

Aligning Plan Design with Your Goals Most of us live in homes that were not custom-designed for us. We adapt to them rather than expect them to be optimized ...

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 ...

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 ...

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 ...

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) ...

Dealing with Coronavirus: Employer Considerations

Dealing with Coronavirus: Employer Considerations

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 ...

SECURE Act - Setting Every Community Up for Retirement Enhancement.

SECURE Act - Setting Every Community Up for Retirement Enhancement.

SECURE Act The goal of our nation’s retirement system is to create more opportunities for American workers to save and to make it easier for employers ...

Your World Evolves and Your Retirement Plan Should, Too

Your World Evolves and Your Retirement Plan Should, Too

The written version of your retirement plan, your plan document, defines how the plan operates. Naturally, when you started your plan, it reflected what ...

How a Cash Balance Plan Works

How a Cash Balance Plan Works

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

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

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

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) ...

What Keeps Plan Sponsors Up at Night?

What Keeps Plan Sponsors Up at Night?

Plan sponsors have a lot on their plates. At the 2019 National Association of Plan Advisors (NAPA) Summit, a panel of plan sponsors expressed their chief ...

The Loan They Never Take May Make All the Difference

The Loan They Never Take May Make All the Difference

IRS rules provide for participant loans and hardship withdrawals from 401(k) and other plans. They’re not required, but rather left to the discretion of ...

It’s a Juggling Act: How to Save for Retirement and Still Pay Your Bills

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 ...

Auto Enrollment and Auto-Escalation

Auto Enrollment and Auto-Escalation

When we think about the important goals we've reached in our lives, like graduating from college or achieving a career milestone, the journey likely took ...

Should You Refinance Your Student Loans?

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

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 ...

Defined Benefit Plans are Alive and Well

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?

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 ...

To Roth or Not to Roth

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

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 ...

"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 ...

Cybersecurity Threats and Retirement Plans

Cybersecurity Threats and Retirement Plans

Are you at risk of a cyber-attack? The answer to that question is yes. Millions of credit card numbers and other forms of personal information are stolen ...

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 ...

Maximizing Social Security Income

Maximizing Social Security Income

Bill and Sue, a married couple seeking advice from their financial advisor, felt that they were in a quandary. At age 62, Bill wanted to retire within ...

How Cash Balance Plans are Redefining the Retirement Savings Industry

How Cash Balance Plans are Redefining the Retirement Savings Industry

Although the traditional annuity defined pension plan has mostly gone the way of the rotary phone, cash balance plans are growing in popularity, especially ...

Are Millennials Saving for Retirement?

Are Millennials Saving for Retirement?

Samantha, age 27, is a special education teacher in her third year of teaching. She and her fiancé have just bought their first home and are planning their ...

Need a retirement plan consultant?

Office Locations

North Haven, CT

Tel: (203) 234-2229
Fax: (203) 234-8369

Acton, MA

Tel: (978) 369-2318
Fax: (978) 379-8481

Westbrook, ME

Tel: (207) 854-1304
Fax: (207) 854-1305

Buffalo, NY

Tel: (716) 839-9405
Fax: (716) 839-9713

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