Group Retirement

Group Retirement:

Is your company able to attract and retain employees thru group health and dental plans as well as a strong retirement plan?

Common Retirement Plans:

  • Group Registered Retirement Savings Plans – (Individual RRSP’s offered with in a group plan)
  • Structured Registered Retirement Saving Plans (Employer contributions into a group RRSP)
  • Deferred Profit Sharing Plans(Tax-assisted plan for sharing profits with employees)
  • Defined Contribution Pension Plans(Defined contribution typically based on a percentage of salary)
  • Defined Benefit Pension Plans(Using a formula this plan determines the amount of pension in advance)
  • Individual Pension Plans (defined benefit plan used primarily for owners and executives)

Employees who believe their employer is concerned about their future are more likely to give their best at work