Why a Group RRSP is the Right Solution for Your Business
Enhance financial wellness and employee retention with expert-managed, tailored Group RRSPs.
Retirement Solutions
Our consultants will work with you to find tailored Group RRSP solutions that suit your business needs.
Financial Wellness Focus
Promote financial wellness for your employees with employer matching and diverse investment options.
Easy Onboarding
Our team will make the transition easy with educational sessions and advice on the newest technology.
What Is A Group RRSP?
A Group Registered Retirement Savings Plan (RRSP) is a retirement savings plan sponsored by an employer and designed to help employees save for their future.
Key Features of a Group RRSP:
- Tax Benefits – Contributions are made pre-tax, reducing the employee’s taxable income and allowing investments to grow tax-deferred until withdrawal.
- Employer Matching – Many companies offer matching contributions, typically around 3-6%, enhancing the employee’s savings and incentivizing participation.
- Diverse Investment Options – Employees have access to various investment options, enabling them to tailor their portfolios to meet their financial goals.
- Easy Administration – Contribution amounts are set up by the employer and then deducted from payroll, simplifying the process for employees and employers.
- Financial Wellness Support – Group RRSPs promote financial stability and education, contributing to higher employee retention and productivity.
How Group RRSPs Work
A Group RRSP simplifies retirement savings by deducting contributions from payroll, offering tax benefits and consistent savings growth.
- Employers typically match contributions at 3-6% of annual salary, encouraging employee participation.
- Employees can choose from a variety of investment options tailored to their goals and risk tolerance.
HFG ensures a smooth transition with comprehensive onboarding and ongoing support.
Our Trusted Partner
