Group Retirement
Eazy Benefits can help your organization maximize a flexible an customized group retirement plan.
Our Retirement Partners
Group Retirement Solutions That Support Your Workforce and Business
At Eazy Benefits, we understand that offering a comprehensive Group Retirement plan isn’t just a “nice-to-have” benefit — it’s an essential part of modern employee compensation strategies. A well-designed Group Retirement program helps employees build financial confidence and prepares your workforce for the long term, while also strengthening your company’s ability to attract and retain top talent.
What Is Group Retirement?
Group Retirement refers to employer-sponsored retirement savings and benefit plans designed to help employees save toward their future. Unlike individual retirement accounts, group retirement plans pool resources across an organization’s employees, giving access to institutional investment options, lower fees, and built-in payroll deduction features that make saving easier and more effective.
These plans are tailored to meet the needs of both employers and employees and can include a variety of vehicles such as Group RRSPs (Registered Retirement Savings Plans) and Deferred Profit Sharing Plans (DPSPs).
Why Group Retirement Matters for Canadian Employers
1. Strengthen Employee Financial Well-Being
Financial stress is one of the leading causes of decreased employee productivity. Group Retirement plans provide a structured way for employees to save, grow, and plan for life after work — fostering peace of mind and financial security.
2. Boost Talent Attraction and Retention
Today’s workforce expects robust retirement benefits as part of a competitive compensation package. A compelling Group Retirement program can differentiate your company in a tight labor market and significantly enhance your total rewards offering.
3. Tax-Efficient Savings for Employers and Employees
Group retirement plans often include features like tax-deferred savings and employer contribution strategies that benefit both parties. Employer matches or DPSP contributions are tax deductible for your business, and employees enjoy immediate tax advantages when contributions are made through payroll deduction.
4. Simplified Administration
Setting up and administering retirement benefits can be complex. With Eazy Benefits’ support, employers reduce administrative burden through streamlined processes, expert guidance, and access to efficient tools and service providers.
Types of Group Retirement Plans
Group RRSP
A Group Registered Retirement Savings Plan (Group RRSP) allows employees to contribute pre-tax dollars directly from payroll into a retirement account. Many employers choose to match a percentage of employee contributions to further enhance savings. Group RRSPs combine the tax advantages of traditional RRSPs with automatic, effortless savings through payroll deduction.
Key Benefits:
Automatic saving: Convenient payroll deduction means employees don’t need to remember to contribute.
Tax advantages: Contributions are made pre-tax and grow tax-deferred until retirement.
Employer matching: Optional matching contributions help employees grow their retirement savings faster.
Deferred Profit Sharing Plans (DPSP)
A Deferred Profit Sharing Plan allows employers to share a portion of company profits with employees as retirement savings. This option creates strong alignment between employee success and company performance. DPSPs can be flexible and tax efficient, offering both motivation and a long-term savings vehicle.
Other Plan Options
Other Plan Options
Beyond RRSPs and DPSPs, employers may explore a range of additional retirement solutions, including:
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Pension plans for guaranteed lifetime income
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Voluntary Retirement Savings Plans (VRSPs) in specific jurisdictions
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Group TFSA plans for additional tax-free savings options
Each plan type has unique features to support employees at different stages of their career and retirement readiness.
How Group Retirement Plans Work
Enrollment and Contribution
Group Retirement plans typically include an enrollment process where eligible employees can sign up and begin participating. Once enrolled, contributions are automatically deducted from pay and invested according to chosen investment options or pre-set portfolios.
Employer Role
Employers work with benefit advisors like Eazy Benefits to select the right retirement plan, decide on matching strategies, and provide eligible employees with enrollment support. Many employers also offer educational materials and financial planning resources to help employees make informed decisions about their retirement savings.
Investment and Growth
Contributions are placed into investment vehicles that grow over time, with the potential for compounded returns — a powerful advantage of long-term savings strategies. Working with experienced advisors ensures investment options are appropriate and administered efficiently.
How Eazy Benefits Enhances Your Group Retirement Experience
At Eazy Benefits, we specialize in helping businesses design, implement, and manage group retirement solutions that align with corporate goals and employee needs. As a trusted partner, we provide:
Tailored Plan Design
No two organizations are the same — that’s why we build Group Retirement programs tailored to your company’s objectives, workforce demographics, and budget.
Strategic Guidance
Our experienced team offers strategic insight into retirement plan options, contribution structures, and employee engagement strategies that maximize the impact of your benefits program.
Streamlined Implementation
From plan setup to enrollment and ongoing communication, we streamline the entire process. We connect you with carriers and brokers who offer the best market fit, ensuring you get the most value from your Group Retirement solution.
Ongoing Support
We provide ongoing support throughout the life of your plan, helping you monitor performance, adjust offerings as needed, and ensure your retirement benefits remain competitive.
Frequently Asked Questions About Group Retirement
Eligibility generally depends on company policy and may include criteria such as minimum employment duration or hours worked. Many employers choose to include both full-time and eligible part-time staff.
Withdrawal rules vary by plan type. For example, RRSP-based plans allow withdrawals, but those amounts may be subject to tax, whereas pension plan income typically begins at retirement age.
Employees can usually transfer savings into personal retirement accounts or rollover options, ensuring they maintain control of their legacy savings.
Start Building a Stronger Benefits Strategy Today
A well-structured Group Retirement plan isn’t just a benefit — it’s a strategic investment in your employees and your organization’s future. At Eazy Benefits, we make retirement benefits easier, clearer, and more impactful for everyone involved.
Contact us today to learn how we can enhance your Group Retirement strategy and support your long-term business success.
The Eazy Approach
Customized Group Retirement Solutions
We believe that one size does not fit all when it comes to group benefits. That’s why we work closely with you to understand your company’s unique requirements and tailor a benefits package that provides comprehensive coverage while staying within your budget.
Strategic Partnerships
Through our extensive network of strategic partners and insurance providers, we have access to a wide range of insurance products and solutions. This allows us to negotiate competitive rates and offer innovative benefit options to enhance your employee value proposition.
Benefits should be easy.
We act as a one-stop-shop for all of your group benefits and group retirement needs.
Contact us to request a 15-minute meeting to help you meet your benefits goals.