Comprehensive Employer Solutions
The Wright Brothers Financial has worked in the retirement planning marketplace for decades now and can help establish employer sponsored Group RRSP savings Plans, Group Tax Free Savings Plans and Pension Plans.
We work with major pension investment management firms in Canada such as Manulife Investment Management, Sun Life and Canada Life; along with Investment Management firms such as Mackenzie Financial, TD Asset Management, Fidelity Investments and many more. Whether you're a small employer or a large one we can assist you with a group plan that works best for both you as an employer and for your employees.
What is a Group RRSP?
An employer sponsored Group Retirement Savings Plan (GRRSP) is a very effective way to assist employees saving for retirement. Group RRSP programs can be implemented by almost any employer in place of a formal Pension Plan or to provide an additional savings vehicle for retirement to supplement a pension plan. With a Group RRSP an employer can initially implement the program without being committed to making contributions to it but simply to provide a convenient way for employees to save for retirement using the employer’s payroll system as a tool to allow the employee to have deductions for contributions invested from their pay on a monthly, semi-monthly, bi-weekly or even weekly basis.
An employer can also choose to make contributions to the GRRSP for employees. This can be done on a matching contribution basis up to a pre-defined maximum or on a percentage of salary basis. At The Wright Brothers we have been involved with setting up many of these plans and we can offer the employer and the employee suggestions as to the optimum design of a plan for your particular business. We work with the major Group RRSP issuers and investment managers of these firms to set up the program that is tailored to your specific requirements.
Curious About Your Financial Needs In Retirement?
Get a professional opinion. The Wright Brothers offer a complimentary financial needs analysis tool. To take advantage of this please download the tool and follow the provided instructions.