Group RRSP, Profit Sharing, and Pension Plans

You may have a Group RRSP plan or be looking to start one. Along with our colleagues at RBC Group Advantage, I can help you design a plan that benefits you and your employees.

Many plans can have hidden costs, like a per person fee or increased Management Expense Ratio (MER) which reduces their effectiveness.

RBC Group Advantage RRSPs have been rated as one of the best Group RRSP plans in the market place according to the Investors Aid Co-Op Group RRSP comparison HERE.

A group savings plan shows your company is committed to the financial future of your employees, and this can increase both attraction and retention of quality talent.

With an RBC group savings plan, your employees can benefit from:
 
  • Individual advice: every employee will get personalized advice from one of our mobile financial planners and from any RBC branch location convenient for them.
  • Ongoing education: we can offer both complimentary onsite education seminars on topics like RRSPs and TFSA, as well as personalized investment service at any of our branches.
  • Tax efficiency: contributions to a Group RRSP are deducted from payroll at a pre-tax level, so this gives employees a tax benefit without having to wait for their tax receipt.
  • Investment Options: Employees can engage with any of RBC’s investment channels via a group plan. Direct Investing for those who like to handle their own finances, branch investment and planning professionals for those who prefer guidance, and RBC Dominion Securities for those with more complex wealth management needs.

As an employer, you gain:

  • The ability to offer a benefit program with no administrative fees
  • An opportunity to reinforce employee loyalty and retention
  • Dedicated support and service to help you throughout the plan setup process and with ongoing plan management
  • Easy plan contribution options (via web, excel, or your payroll provider)
  • The flexibility to implement a plan that meets your organization's specific needs

  • RBC Group Savings plans are a great no cost service which would complement your existing employee compensation package with minimal administration for your company.  

 

Click HERE to arrange a complimentary discovery meeting with me and my Group Advantage partner, Kelly, to customize a proposal for your company’s needs.