Group Retirement and Pension Plans

Group retirement plans are offered by employers to its employees through payroll deductions. Offering these plans is tax effective, affordable, and easy way to attract and retain your employees. Keeping employees happy and satisfied will boost productively helping to grow your business.

Employee contributions are invested in preselected investment funds. Employers generally match the certain percentage of contributions that the employee contribute.

Benefits for employees:

• Employees can get coverage at a reduced cost compared to most personal plans
• Help protect your employees and their family’s health
• Help reduce financial stress if something happens

Benefits for employer:

• Help improve morale and increase productivity
• Can be less expensive than providing salary increases as there are no additional increases in CPP, EI or Workers’ Compensation rates
• Premiums paid on group benefits can be written off as a business expense
• Maintain a competitive edge in the job market
• Attract and keep key employees