Group Benefits Consulting

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Employees are constantly on the lookout for better opportunities, with a group RRSP you demonstrate why your business is better than the rest in your industry.

Group investment plans (especially when coupled with a group benefits plan) help increase employee retention, improve productivity, attract and retain key talent for your business, and help prepare your employees for a comfortable and financially stable future with your company.

Why a group RRSP

1. Better Fees – Think of a Group RRSP 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 your advisor can negotiate lower fees for you.
2. Tax Savings – Like contributing to a personal RRSP any contributions to a Group RRSP earn the contributor a tax deduction, and the money invested grows on a tax deferred basis until it is withdrawn from the RRSP. Employees who sign up for payroll deduction benefit from immediate tax savings.
3. Contribution Match – A Group RRSP is at its most valuable to employees when an employer matches their contributions.
4. A Proven Saving Method – When employees sign up for automatic payroll deduction it makes it easier to save as many people are not disciplined enough to save on their own.
5. RRSP Consolidation – Many people will have RRSP accounts at multiple institutions and feel like it can be difficult to track and manage multiple accounts, we help plan members consolidate these accounts in one place.
6. Liquidity – We always recommend that a Group RRSP be set up with no withdrawal or liquidity restrictions.

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.