As a TPA (Third Party Administrator) since 1964, our customized solutions are tailored TPS Group to help you run your business more efficiently.

As well respected TPA (third party administrator), TPS Group has developed a close relationship with the business community throughout New England since its inception.

TPS Group can be a powerful ally in your effort to improve efficiency, quality and effectiveness of your business processes. Our Family of Companies, with its primary focus as a TPA, provide expertise and experience in a variety of functional areas. 

Our goal since 1964, has been to help clients streamline their business functions by providing single-source access to important products, programs and services.

TPA Divisions

The Pension Service

Retirement Plan Consultants (TPA Services)

TPS Group HR

HR Functions

Benefits Plus

Employer Sponsored Benefit Plans

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!

"Wonderful To Work With"

Andrea Blakeslee

My go to professional is Des. A wonderful person to work with. We can count on him to handle all of our needs.

They are a pleasure to work with and we highly recommend their services.

Dan Neal

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.

TPA Services

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.


Section 125 Cafeteria Plans

Employers establish a menu of benefits by electing to offer group health or accident insurance, group term life insurance, disability benefits, dental insurance, vision insurance, or voluntary benefits.


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.


Pension Consultation Services

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


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.


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. 


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.


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.


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.


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.


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.


More Retirement Plan Types

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


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.


TPA Team Members

TPA Resources

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

TPA Frequently Asked Questions

Q: What is a Roth 401(k) Plan?


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.  

TPA Articles

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 ...

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 ...

"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 ...

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 ...

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 ...

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 ...

We're an experienced TPA. Talk to TPS.

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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