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Deferred Profit-Sharing Plan (DPSP)

What is a Deferred Profit-Sharing Plan

A Deferred Profit-Sharing Plan is a registered, employer sponsored plan, that is set up to share company profits with employees and is typically set up in combination with a Group RRSP

These plans are easy to set up, have a large fund line up, are low cost to you and employees, and when managed by Advantage Pacific, they benefit from our active management program.

Why a DPSP

  1. Similar to a Group RRSP – Many of the benefits of a DPSP are the same as a Group RRSP such as Better Fees, Tax Savings, proven savings method, and easy administration, but there are key differences.
  2. Offering in Conjunction with a Group RRSP – A DPSP is typically set up in combination with a Group RRSP.
  3. Better Fees – Think of a DPSP as a common investment, shared between you and your employees. Everyone gets to pick their own investment funds, but everyone benefits from pooling their money together so we can negotiate lower fees for you.
  4. Vesting Period – If vesting is a concern and you want to restrict access to the employer contributions going into a Group RRSP for a period of time what we normally recommend is you set up a Group RRSP for an employee’s portion of the contributions, and you set up a DPSP for the employer portion.
  5. Only the Plan Sponsor can Contribute – Unlike a Group RRSP where both employers and employees can contribute, only the employer contributes to a DPSP.

Services Offered

Many financial services companies look at group investment plans as “set it and forget it”, but we think people lose out on incredible value when any investment is looked at this way. When your plan is managed by Advantage Pacific, we regularly look at the fund options the employees of your plan have picked and will make recommendations to them of how they can rebalance their portfolio to better fit their risk tolerance, other investing preferences and how they could change their fund line up to earn a better rate of return.

All the plans we set up are customizable, meaning employees get to pick their own fund options. We prefer this as each employee is going to have a different risk tolerance and different investment preferences. As often as your employees would like, we will meet with them in person, on the phone, or though Zoom to review and reassess their risk tolerance to ensure they are invested correctly. All of this is no cost to the employee and is covered by the commission the fund company pays to us when you set up your plan.

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Advantage Pacific Benefits Consultants specialize in setting up and managing high quality, cost effective, sustainable Group Benefits Plans and Group RRSPs for businesses of all sizes in all sectors.

We also provide administrative services to all our clients at no extra cost, these services include processing new member enrollments, member terminations, beneficiary designations, maintaining all member files, and being available to all plan members to answer questions and help with claims submissions.

We also have internal insurance experts and strategic partnerships with independent portfolio managers to meet any person or businesses need for Investments, Life/Critical Illness/Disability, or Business Overhead Insurance.


Phone: 778-349-8774

[email protected]

1244 4th Ave,
Prince George, BC, V2L 3J4

Monday – Friday: 8:30 AM – 4:00 PM
Saturday: By Appointment
Sunday: Closed
After Hours Appointments Available by Request

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