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.

Third Party Benefits Administrator (TPA) Divisions

TPS Group HR

HR Functions


Payright Payroll Affiliates

Payroll and Tax Management


TPS Group Medical

Group Medical Benefits

Third Party Benefits Administrator (TPA) Services

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

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)

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

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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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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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) 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

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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