GROUP RETIREMENT SAVINGS

retired couple

For most Canadians, group retirement plans are one of the best tax-sheltering opportunities available. And from an employer’s perspective, they’re a great employee recruiting and retention tool.

We provide employers with support in the design, implementation, compliance and regular review of the following types of plans:

  • Defined Contribution Pension Plans (DCPPs)
  • Deferred Profit Sharing Plans (DPSPs)
  • Group Registered Retirement Savings Plans (RRSPs)

We assist our clients by making sure their plans (or combination of plans) are right for their situations and their employee compensation and retention goals.

Some of the factors that should be taken into consideration when choosing a retirement savings plan are:

  • Costs, including investment fees and payroll tax implications
  • Ensuring CAPSA guideline compliance
  • Education strategies for members
  • Availability of one-on-one financial planning advice for members
  • Contribution levels
  • Contribution flexibility
  • Vesting and eligibility
  • Ease of administration