The Power of Group Plans
Through group retirement savings plans or capital accumulation plans, employees can build up tax-sheltered funds to be used as retirement income. Employers ought to contribute to the plan, which helps employees save more and encourages their participation.
AGA's Unique Approach
AGA is the first consulting firm to be able to negotiate and purchase group retirement savings plans on a national scale. We offer a sophisticated analysis and calculation method and present our solutions in a practical, pragmatic way.
Our team offers innovative advisory services and gets results that speak for themselves!
Learn more about our advisory services
A Wide Range of Savings Solutions
We offer a variety of plans to meet your specific retirement savings needs :
- Group Registered Retirement Savings Plans (RRSPs)
- Deferred Profit Sharing Plans (DPSPs)
- Voluntary Retirement Savings Plans (VRSPs) (Quebec only)
- Defined Contribution Pension Plans (DCPPs)
- Individual Pension Plans (IPPs)
- Simplified Pension Plans (SPPs)
- Tax-Free Savings Accounts (TFSAs)
- Non-registered plans
Learn more about how we set up retirement savings plans.
Advantages of Group Retirement Savings Plans
Group retirement savings plans offer a host of advantages...
Plan members enjoy :
- Lower management fees
- Increased savings discipline thanks to payroll deductions
- Tax savings as they make contributions for a better return
- Access to reputable investment managers
- Customized investment solutions
- Possibility of matching contributions from their employer
Employers are able to :
- Maintain productivity
- Increase employee attraction and retention
- Maximize compensation for tax purposes
- Simplify their administrative tasks thanks to AGA’s support
- Contribute to the development of a culture of financial health
Cost of a Retirement Savings Plan
The cost of a retirement savings plan mainly consists of the contributions paid. Contributions can be :
- A percentage of wages
- A pre-determined fixed amount or an amount based on hours worked
- Based on seniority
- Based on employee category
- Employer contributions, based on employee contributions or not
The maximum contribution level is subject to certain tax rules.
Thinking of setting up a group retirement savings plan? Contact our experienced team today!
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