Employee Retirement Plans
We can design your employee retirement plan to incorporate the following:
- Analysis of available investment vehicles and associated yields
- Investment tracking and reinvestment alternatives
- Individual financial and investment consulting
- Establishment and management of individual registered and non-registered retirement savings plans
- Self-directed RRSPs, group RRSPs, & RESPs
Group Retirement Options
When your employees retire or are approaching retirement, they will need help through this period of change. Professionals are available to educate your employees about all available retirement income vehicles. We offer the expertise and services to ease the transition to retirement for your retirees:
- Retirement consulting
- Retirement income projections
- Establishment of retirement income vehicles—RRSPs, RRIFs, LIRAs, LIFs, annuities
Individual Group Investment Products
Whether you are making investment contributions to save for future expenses or retirement, the Group Investment Program allows you to take control of your personal portfolio and achieve your financial goals with peace of mind.
- Lower investment management fees
- No front- or back-end sales charges
- No deferred sales charges (DSCs)
- No minimum investment
- Pre-authorized cheque (PAC)
- Spousal RRSPs
- Self-directed RRSPs
- No annual administration fees
- Consolidated statements
This information is intended to general educative reference only. This group material is not a specific piece of advice for any one situation as every solution is different.
Group RRSP Planning
An employer arranges for the company's employees to make contributions in a group RRSP via payroll deductions. The level of contribution per year is decided by the employee, to be invested as specified by the administrator of the group RRSP account. The Group RRSP is managed according to investment selections, in individual employee accounts.
Instant Tax Savings
With a group plan the contributing employee gains similar benefits to a regular RRSP as contributions can be deducted from the employee's income, thus lowering his or her taxable income. A Group RRSP reduces taxes at source, allowing the employee to have a higher income issued by payroll.
Investment Options
Part of implementing an excellent Group RRSP plan is to have a wide selection of investments available for employees.
Fees
Group RRSP fees can be lessened because of the buying power of a group of investors, translating to better returns for the employee over time.
Administration
It is easy to add employees to a Group RRSP. If the company winds down the plan in the future, or if employees are terminated, they can move their money to their own individual RRSP plans. Conversely, pension rules are more strictly regulated.
Employee Vesting
Once the employee and/or additionally the employer makes contributions to an employee's plan, the ownership then is attributed to the employee.
This information is intended to general educative reference only. This group material is not a specific piece of advice for any one situation as every solution is different.
Group Retirement Service Providers will make sure of the following:
We offer careful analysis of pension and retirement vehicles as our Group Retirement consulting team applies their knowledgeable experience of the financial services industry, including the following areas:
Strategic Planning for Retirement
We discuss and analyze key factors that may affect your corporate retirement program.
Communicating with Your Employees
At least once each year, we coordinate, develop, and deliver seminars for your employees.
Monitoring Your Program
We monitor your program so it continues to work optimally for you with respect to:
- The plan's pricing according to your needs
- Investment fund selection and ongoing performance
- Technological advancements that ease your administrative duties
- Communication with you and your members
Reviewing Your Program We will tender your Group Retirement program to several providers to ensure that your arrangement is the best in the industry. A complete analysis of competitive quotes will be presented by potential providers.
This information is intended to general educative reference only. This group material is not a specific piece of advice for any one situation as every solution is different.
