Why Offer a Group Savings Plan?
In a competitive job market, employees seek comprehensive benefits and financial incentives that go beyond the basic salary.
By providing these plans, employers showcase their commitment to the financial well-being of their employees, thereby enhancing their ability to attract and retain high-quality talent.
Employer Benefits
Group RRSP and Group TFSA:
Employee retention with an attractive
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Competitiveness in the job market
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Potential tax benefits for the company |
Strengthens the employer-employee relationship |
Group DPSP:
Employer shares company profits by contributing
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Employer contributions are not a taxable benefit |
Contributions are not considered
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No social charges need to be paid |
BENEFITS OF PARTICIPATING IN A
GROUP SAVINGS PLAN WITH MAJOR GROUP
NO FEES
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ADVANTAGEOUS MANAGEMENT FEES
Management Fee Ratio: The scale effect in a group retirement plan puts downward pressure on the management fees of funds invested with the insurer.
All funds have standardized investment management fees that are generally lower than fees charged to individual investors for comparable options.
This is an additional benefit to encourage participants to save through the plan.
ACCESS AND PARTICIPANT TRAINING
• Website Access
• Toll-Free Line
• Participant Presentations
• Personalized Statements
Offer the group savings plan that suits your business with the help of our expert!
Groupe Major is committed to finding a collective retirement savings plan provider that meets your high expectations and provides an exceptional experience for your participants.
