Group Savings and Retirement Plans

Retirement Security Employee Growth

Our Group Savings and Retirement Plans are designed to help organizations provide their employees with long-term financial security and growth. We understand that every company has unique goals and needs, which is why we offer a range of customizable retirement and savings options. From defined contribution plans to matching contributions and group RRSPs, our solutions are tailored to ensure that employees have the tools and support they need to save for their future. By offering these plans, companies can attract and retain top talent, while also demonstrating a strong commitment to the financial well-being of their workforce. With flexible plan structures and expert guidance, we help organizations create a retirement program that aligns with their objectives and enhances employee satisfaction.

Identify Your Plan
Identify your company’s goals and objectives and offer the appropriate group retirement solution:
  • Voluntary Retirement Savings Plan (VRSP)
  • Group Registered Retirement Savings Plan (RRSP)
  • Deferred Profit Sharing Plan (DPSP)
  • Defined Contribution Pension Plan (DCPP)
  • Group Tax-Free Savings Account (TFSA)
  • Individual Pension Plan
Review Your Fees
Review your funds on a fee to performance basis. Management fees differ from one plan to another. The size of the plan and its annual cash flow are the two major factors that affect the fees on a plan.
Study Demographics
Match the proposed fund line up to the plan demographics.
Explore Funds
Target Date vs Asset Allocation vs Specialty funds. Target date funds are generally the preferred management method for minimizing risks when managing retirement plans. Target date funds rebalance automatically when the employee is nearing retirement.
Prepare Employees
HR specialists are not permitted to offer investment advice. The advice of a specialist is key to successful retirement planning. MGC advisors are equipped to offer personalized investment advice to your employees to help them achieve their retirement goals. We will review:
  • Your fund lineup
  • The default fund to ensure its suitability
  • The funds that are on the “watch list” to make sure they are still suitable
  • Members who have not selected a beneficiary

Learn More

Matching the right type of savings/retirement plans based on the company’s specific needs and objectives.

Voluntary Retirement Savings Plan (VRSP)

Designed specifically for small-medium sized businesses with no group savings in place.

An employer sets up an RRSP in which employees can contribute through payroll deductions.

An employer-sponsored profit sharing plan. This type of plan is often combined with a group RRSP.

Plan in which employer and employee contribute a set amount on an annual basis.

A type of defined-benefit pension plan designed for business owners and executives.

Plan in which contributions are not tax deductible and investment income isn’t taxed.

Employee-focused Presentations

The presentations we offer with the help of different professionals such as notaries, mortgage brokers etc.

Build a Better
Benefits Plan

Have questions or want to explore how Myriad Group Consultants can support your business? Get in touch with our team today. Whether you’re looking to optimize your current benefits, implement a new strategy, or simply need expert advice, we’re here to help.

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