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.
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, we offer all of the services you need to simplify the management of your company retirement plan and to maintain compliance.
TPS, a third-party retirement plan administrator 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
Related to: Third Party Administrator, TPA, Pension Plan Design Consultant, Retirement Plan Consultant, 401k Plan Assistance, Retirement Plan Design, Employer Retirement Plan Consulting, Actuarial Consulting, Pension Consultant, 401k Plan Consultant, Reirement Plan Integration
Retirement Administration Services FAQs
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 These taxes are not paid until the money is withdrawn from the account at retirement or other distributable events.
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.