Group RRSP’s are an easy way to set up and administer a plan for employee retirement savings. As they are less regulated than pension plans they are often preferred by smaller companies and companies with a younger or more transitory employment pool.
RPP Benefits will guide your through the plusses and minuses of RRSP options and help you decide which plan best fits your company’s and employee’s needs. As your company matures your employees’ needs may change. We will keep an eye on these needs, your budget, changes in legislation and new products that may come on the market so your plan is always up to date and fit for purpose.
If the time comes when a more formal Group Pension Plan becomes a preferably choice RPP Benefits will guide you through what you need to know, and can execute the changes on your behalf.
A properly-designed employee benefit plan can be a powerful tool to satisfy the need for cost containment and at the same time provide employee satisfaction and retention. Click here to find out more about the benefits available.
Benefits continue to be, for the most part, tax-free rewards and incentives you can offer employees. To find out how benefits are currently taxed: click here to find out more.