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, 401k TPA
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 These taxes are not paid until the money is withdrawn from the account at retirement or other distributable events.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.
The Latest News
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Posted on Apr 17, 2019
You’ve likely heard about a decline in the number of Defined Benefit plans. But the reality is a DB plan is still a
great tax and retirement savings vehicle that can produce superior retirement outcomes for the right client. Are
you one? »
The Cost of Aging: Are You Ready?
Posted on Apr 3, 2019
Navigating the maze of long term care options can be confusing, but planning far in advance, ideally with the help of professionals such as elder law attorneys, financial advisors, and geriatric case managers, can prevent a great deal of hardship later on. »
Cash Balance Plans Allow Six Figure Annual Contributions
Posted on Mar 28, 2019
Most people can contribute to their 401(k) without worrying about exceeding the annual contribution limit. If
you’re under 50 years old, that’s $19,000 a year. If you’re 50 or older, it’s $25,000.
But a small and important segment of the population has the ability– and desire –to contribute significantly more
to their retirement account. If you’re looking to save even more on taxes and put up to six figures per year into
your retirement account, a Cash Balance plan may be the right choice. »