Common Remittance
TDS has offered Common Remitting Services since 1978, primarily focused on providing these services for public school entities. In the intervening years we have expanded our programs and services to include 457(b) and 403(b) plan administration, as well as specialty retirement plan programs.
TDS believes in applying technology and automation to the greatest possible extent. For remittance services, our fully integrated technology enables us to expedite processing and remit payments to vendors in only 1.4 days on average.
Additionally, TDS is the only remitter to provide a quarterly report that details average posting times per vendor. This allows the employer and participants to correctly gauge when funds should arrive in employees' accounts, alert them to any delays or identify vendors that are chronically slow in posting to accounts.