TPS Group is a Third-Party Retirement Administrator (TPA) firm.

At TPS Group, we know that whe you choose a Employee Benefits Consulting Firm will have a significant impact on the shape and perception of your Employee Benefit Program.

Selecting and hiring the right fit amongst your opptions of Third Party Administrator (TPA) firms will make a impact positive and add value to the retirement plans you offer to your employees.

Third Party Administrator Divisions

The Pension Service

Retirement Plan Consultants (TPA Services)


TPS Group HR

HR Functions


Benefits Plus

Employer Sponsored Benefit Plans


TPS Group Medical

Group Medical Benefits

Highly impressed with their level of expertise and outstanding customer service.

Don Senecal

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!

"Professional, knowledgeable, and helpful"

Crystal Gosa

Dear Gayle and James, I wanted to take a moment to notify you that Darlene has been an amazing partner to myself and LoadSpring Solutions. She has been very professional, knowledgeable, and helpful. When any member of my team interacts with her they have a great experience and their inquiries are quickly answered. It seems rare these days to get a representative that cares so much for their clients and also displays such passion for their work and company. It is a pleasure working with Darlene. Thank you.

Third Party Administrator Services

Health Reimbursement Accounts (HRA)

Health Reimbursement Accounts are funded and owned solely by the employer and utilized for the benefit of employees to cover the cost of medical expenses chosen by the employer.

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Flexible Spending Accounts (FSA)

Offering your employees Flexible Spending Account Benefits. FSAs offer many benefits for both employers and employees, including substantial savings on qualified healthcare expenses.

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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

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

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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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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

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

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

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

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

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

We offer a variety of retirement plans for businesses of all sizes.

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Third Party Administrator Team Members

Third Party Administrator Resources

Maine Department of Labor (Maine DOL)

Maine Department of Labor (Maine DOL)

  • State employment laws
  • State independent contractor rules
  • Unemployment
  • Workers’ compensation
  • Safety training & compliance assistance
O*NET OnLine

O*NET OnLine

Job analysis and job description development

Society for Human Resource Management (SHRM)

Society for Human Resource Management (SHRM)

Human resource data – laws, policies, forms and tools

Employee Benefits Security Administration

Employee Benefits Security Administration

Benefit plan compliance and assistance (health and retirement) COBRA HIPPA

Third Party Administrator Frequently Asked Questions

Q: What does a company have to do after establishing a profit sharing plan?

A: 

If you establish a profit-sharing plan, you: 

  • Can have other retirement plans
  • Can be a business of any size
  • Need to annually file a Form 5500

Third Party Administrator Articles

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 ...

Davis-Bacon Prevailing Wage Plans: Key Points for Employers

Davis-Bacon Prevailing Wage Plans: Key Points for Employers

The Davis-Bacon Act is a federal prevailing wage law governed by the Department of Labor that applies to contractors and subcontractors who perform work ...

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 ...

CEFEX Certification: The 'Gold Standard' in TPA Validation

CEFEX Certification: The 'Gold Standard' in TPA Validation

Advisors and plan sponsors benchmark plan fees, nvestments and other services that can be provided  by a record keeping platform, but rarely have I encountered ...

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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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