Group retirement plans let your employees save for retirement through payroll, often with matching contributions from the company. Common options include Group RRSPs and Deferred Profit Sharing Plans (DPSPs).
We work with you to design and set up a plan that is easy for employees to use and simple for payroll to run. A good retirement plan shows your team you care about their long-term future, and can help you attract and keep good people.
What we help with
- Explaining the options: Group RRSP, DPSP, TFSA and how they can work together
- Choosing a matching formula that fits your budget
- Setting up enrolment and payroll deductions
- Employee education sessions, in plain language
- Regular plan reviews as your business grows
How it works
- DiscoveryWe learn about your business, team size, budget and goals.
- DesignWe compare plan options and providers and recommend a structure.
- LaunchWe help with setup, enrolment and employee information sessions.
- Ongoing supportWe review the plan with you and stay available to your employees for questions.
Common questions
Is my business too small for a group plan?
Not necessarily. Plans are available for smaller teams. Let's look at what's available for your size.
What's the difference between a Group RRSP and a DPSP?
Employees contribute to a Group RRSP; a DPSP is funded by the employer only. Many businesses pair them. We'll explain the details for your situation.
General information only, not personal financial, tax or legal advice.