News & Notices

What is the best retirement planning option for your business: Pension Plan or Payroll Savings Plan?

Posted: January 6, 2015

Give your employees peace of mind for retirement with a Group Retirement Savings Plan available through your Chambers of Commerce.

Under the Chambers of Commerce Group Insurance Plan, employers have access to FutureStepTM, a group Registered Retirement Savings Plan (RRSP) provided by Manulife, specifically designed to provide employers choice and flexibility in a plan, while being easy to set up and manage.

The program is simple to set up, with no administration cost to the employer and available to companies with as few as two employees. FutureStep offers best-in-class investment options, education and online services. With regular contributions, a FutureStep plan provides immediate tax relief to your employees, which in turn increases their savings. Not only will employees’ money go to work sooner, low management fees allow them to build greater retirement income for the future.

Future Step includes fast and easy online enrolment and ongoing online administrative support, including live support from a customer service centre and licensed financial specialists.

For even greater flexibility, FutureStep is also available with a Deferred Profit Sharing Plan (DPSP) option, allowing you, the employer, to contribute to the plan based upon the profitability of your business.

As a business owner, you understand the importance of attracting and retaining valuable employees. Knowing your employees are your key competitive advantage, a group retirement savings plan helps businesses like yours be competitive and take care of your employees’ future financial needs.

IF THIS IS SOMETHING YOU WOULD LIKE TO HEAR MORE ABOUT, PLEASE GET IN TOUCH WITH OUR OFFICE!

Call Your Local Benefit Plan Advisor at 1 888-942-2396

http://www.chamberplan.ca