With traditional approaches, you have access to a larger selection of investments funds to choose from and you can build your portfolio accordingly.
Established plans with a large number of employees and assets in the plan can also benefit from reduced investment fees and a higher level of service.
You have access to Professional Active Management with options of various different funds and portfolio managers.
Enterprises with less than 500 employees are underserved and overcharged – with high fees, this means that there are lower returns for plan members. That’s where modern group retirement plans come into play, as a tech-forward and simplified solution.
These tech-forward solutions utilize passive investment strategy using index-tracking ETF’s, which means you will have the lowest fees available even for smaller groups. Portfolios are chosen for the employee based on a 5-minute online questionnaire to determine their specific investment objectives, time horizon, and risk tolerance to cater and customize it to their goals and needs.
You can have Group RRSP, TFSA, DPSP (Deferred Profit-Sharing Plan), and DCCP (Defined Contribution Pension Plan) all on the same platform, which makes it a convenient one-stop shop for all things group retirement. Time-consuming and costly pension plans with strict governance and reporting is a thing of the past, and our services will ensure ease of access and swift user experience.
We will host webinars for onboarding clients onto the platform, as well as financial wellness seminars.
We also offer free 1-on-1 virtual meetings with a CFP to discuss group retirement plans, or any other questions your employees have regarding their own financial situation.
We host wellness challenges for your employees and create dedicated web pages for people to participate and interact with each other to foster work-life balance.
Launching later this year, employees of companies we partner with will have access proprietary planning software. Each individual will be provided with a login to access their own private planning portal to help manage their finances in different planning areas. Including investments, insurance, cash-flow planning, mortgages, and many other tools.
In true pension plans, all contributions are locked in until retirement and are designed to provide a retirement income.
Features & Benefits of a modern tech-forward DC Pension Plan solution:
Regular employer-sponsored retirement savings plans offer:
But our RRSP offers:
DPSPs are tax-assisted arrangements, sponsored by an employer, and are great ways to motivate and engage your workforce and reward their contribution to your company’s bottom line. This plan allows for profit sharing through a registered savings plan and complements group RRSPs well. Employee contributions are locked in until fully vested or the employee retires, and will therefore not attract a payroll tax and helps you save costs.
Understanding your business and your vision for its future enables us to effectively evaluate your current benefits offering. We conduct relevant market analysis and research, observing trends and emerging best practices to ensure we find the right fit for your company.
By combining our research, experience and key insights into your business, we are able to design a group benefits solution that supports your culture, strategic objectives and drives employee engagement. You then have complete freedom to further customize any aspect of the plan.
When implementing changes to people-based programs, it’s easy to overlook change readiness, which can have adverse impacts despite best intentions. We guarantee implementation is supported through communication and understanding that respects all stakeholders and groups.
We deliver on our client promises. Our ongoing partnership with you allows us to identify critical success factors and create a quality assurance and service program that supports your specific needs.
