A group retirement plan offers numerous benefits for employers and their employees, making it an attractive option for organizations seeking to enhance their workforce’s financial wellness and optimize employee attraction and retention strategies.

By implementing a comprehensive retirement plan, employers demonstrate their commitment to the long-term financial security and well-being of their employees, promoting a sense of loyalty and trust. Such plans play a pivotal role in retaining valuable employees by providing them with a convenient and structured approach to save for retirement, empowering them to plan for their future with confidence.

A group retirement plan also enhances an organization’s ability to attract top talent, as prospective employees value employers who prioritize their financial well-being.

Overall, a group retirement plan serves as a powerful tool for cultivating financial wellness, retaining existing employees, attracting new talent, and fostering a positive work environment that prioritizes the long-term financial security of all employees.

Why provide a Group Retirement Plan for your Employees?

• Financial Wellness for your Employees
• Employee Attraction and Retention
• Retaining Employees Benefits Canada survey  92% of employeesat small to mid-sized companies ranked “workplace savings and retirement plans are an important reason to stay with their employer”
• Attracting EmployeesA recent study found that 41% of employees studied would consider moving to an employer that offered some form of retirement or savings plan.
• No minimum contribution for the Employer. Contributions are combined with multiple employers

Why do your employees want to have a Group retirement Plan?

• Tax benefits Contributions are tax deductible for companies and employees.
• Saving is difficult to do on an individual basis. Group Savings Plan makes it easy for employees to save.
• Retirement is a viable option with a Private Savings plan in conjunction with Government benefits.