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

At TPS Group, we offer all of the services you need from a TPA Third Party benefits Administrator to simplify the management of your company retirement plan and to maintain compliance.

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

"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

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

Dependable, experienced, and professional

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

Third Party Benefits Administrator (TPA) Services

Benefit Accruals

Benefit Accruals

Payright’s Evolution software is extremely flexible. Employers can accrue and track paid time-off with an option to create unlimited time-off accrual codes, and accrue based on pay frequency, employee anniversary dates, or per hours worked.

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Workers’ Compensation

Workers’ Compensation

Gain better control of your cash flow and expenses. Our workers’ compensation services provide efficiencies by having premiums based on your actual payroll deducted automatically from each payroll cycle. No up-front deposits requirement (to avoid year-end audit issues) and a time savings on administration.

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Flexible Spending Accounts (FSA)

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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Voluntary Benefits

Voluntary Benefits

These plans are designed to supplement benefits that you, the employer, offer. Usually the employees pay for the plans, certain plans can be offered on a pre-tax basis and by paying that way it saves the employer FICA. Why wouldn’t you have these available?

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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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457 Plans

457 Plans

A non-qualified, deferred compensation plan established by state and local governments and tax-exempt employers under IRC Section 501. They can be either eligible plans under IRC 457(b) or ineligible plans under IRC 457(f).

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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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3(16) Plan Administration

With TPS 3(16) Service, LLC as the 3(16) fiduciary, employers can rest easy knowing that all plan decisions are made in the best interest of the participants.

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Third Party Benefits Administrator (TPA) Team Members

Third Party Benefits Administrator (TPA) Resources

Occupational Safety and Health Administration (OSHA)

Occupational Safety and Health Administration (OSHA)

Safety laws training compliance assistance

American Payroll Association (APA)

American Payroll Association (APA)

Payroll guidance and information

Employee Benefits Security Administration

Employee Benefits Security Administration

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

COBRA Information & Notices for Continuation of Health Coverage

COBRA Information & Notices for Continuation of Health Coverage

COBRA Continuation Coverage - Resources for Employers, Advisers, Workers & Families

Third Party Benefits Administrator (TPA) Videos

Plan Fiduciary Services and Why They Matter

Auto Enrollment and Auto Escalation

Third Party Benefits Administrator (TPA) Frequently Asked Questions

Q: How do Voluntary Benefits help an employer?

A: 

Usually the employees pay for the plans. Certain plans can be offered on a pre-tax basis and by paying that way it saves the employer FICA. 

Q: What are the types of Voluntary Benefits plans?

A: 

Some of the most common types of Voluntary Benefits plans are:

  • Accident
  • Cancer
  • Critical Illness
  • And more

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.  

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 Benefits Administrator (TPA) Articles

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 ...

Handling Missing or Unresponsive Plan Participants: Tips for Fiduciaries

Handling Missing or Unresponsive Plan Participants: Tips for Fiduciaries

Missing or unresponsive retirement plan participants pose a challenge for plan sponsors, who have a fiduciary responsibility under ERISA to locate them ...

How the CARES Act Applies to Your Retirement Plan

How the CARES Act Applies to Your Retirement Plan

This forwards automatically to the Employer Connect PDF with proper Q&A formatting.

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 ...

Are You Getting Good Customer Service from Your TPA? Six Key Questions

Are You Getting Good Customer Service from Your TPA? Six Key Questions

Administering a retirement plan requires a high level of expertise, which is one reason employers choose a TPA for this function. A competent TPA relieves ...

Encourage Greater Participation with a QACA Safe Harbor

Encourage Greater Participation with a QACA Safe Harbor

You already know that a 401(k) is a very popular retirement plan and, like other plan designs, it allows your employees to take advantage of tax deferrals ...

Understanding Why a QDIA Matters

Understanding Why a QDIA Matters

Understanding Why a QDIA Matters Auto-enrollment has been proven to be effective in raising participation rates in 401(k) plans. As a result, it's been ...

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 ...

Did You Know You Are a Fiduciary?

Did You Know You Are a Fiduciary?

When it comes to the topic of fiduciary responsibilities for qualified retirement plans, there are three things we know really well: Plan sponsors like ...

Plan Fiduciary Services and Why They Matter

Plan Fiduciary Services and Why They Matter

3(16) Fiduciary Service and Why You Should Care People who exercise control and authority over the management of a retirement plan's assets are fiduciaries. ...

Recordkeeper/Administrator Renews Certification To Industry Best Practices

Recordkeeper/Administrator Renews Certification To Industry Best Practices

PITTSBURGH, 05/14/2019– CEFEX, Centre for Fiduciary Excellence, LLC, has renewed the certification of TPS Group, headquartered in North Haven, CT as adhering ...

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 ...

The Sobering Facts about Health Care Costs in Retirement

The Sobering Facts about Health Care Costs in Retirement

Unless you are one of the lucky few with a lifetime medical plan paid for by your employer, health care costs are one of the largest expenses in retirement ...

Should You Borrow from Your 401(k) Account?

Should You Borrow from Your 401(k) Account?

Eric’s landlord was raising the rent again, and this time Eric decided he was ready to move out and buy his own house. After meeting with a loan officer ...

Are You Taking Advantage of Your Employer’s Matching Contribution?

Are You Taking Advantage of Your Employer’s Matching Contribution?

Many employees don’t contribute enough to their 401(k) to take full advantage of their employer’s matching contribution. Are you one of them? Maybe you ...

"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 ...

Managing Re-Hires

Managing Re-Hires

Publication: Solutions in a Flash Volume/Issue: October 2018 Managing Re-Hires Aaron R. Moody As we approach Halloween, let’s take a look at a real ...

Salary Deferral Deposits: Avoiding Fiduciary Violations

Salary Deferral Deposits: Avoiding Fiduciary Violations

For the 401(k) fiduciary, the importance of timely salary deferral deposits cannot be overstated. An employer that fails to remit employee contributions ...

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 ...

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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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