Protecting Your Employees' Financial Future

EMPLOYEE GROUP Pensions

A Group Pension Plan allows employers to help their employees plan for life after work. A Group Pension Plan builds a financially confident, highly engaged, and committed workforce today who is focused on the future. It’s also a smart, tax-efficient, and reputation-enhancing strategy.

But retirement planning isn’t just about saving money, it is also about setting your employees up for success with a secure financial future. A Group Pension Plan is a wealth-building opportunity for your employees to grow their investment over time and position themselves for after they retire. This is not simply a savings account. It is developing the financial framework of investment strategies through a financial advisor.

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What is an Employee Group Pension?

A Group Pension Plan is a wealth accelerator for your employees to plan for their financial future. It is an essential tool for providing employees with a tax-efficient and structured option for saving for their retirement as regular contributions from their paycheques are professionally managed and invested for growth.

HOW DOES AN EMPLOYEE GROUP PENSION WORK?

REGULAR CONTRIBUTIONS

Your employees contribute a portion of their pay cheque to the group pension plan. This is often done automatically.

Employer matching (OPTIONAL)

Many employers match their employee contributions, up to a certain percentage, thereby helping their employees accumulate savings quicker.

Investment growth

The contributions are invested in professionally managed funds which allow the savings to grow over time.

Retirement income

Upon retirement, your employees can withdraw from their accumulated pension funds to supplement their personal savings and any government benefits.

Why Choose Group Employee Pensions for Your Business?

Providing group employee pensions offers several key advantages, both for your employees and your company:

Employee Retention: Offering opportunities for wealth-accumulation is a competitive advantage and helps retain top talent, reducing the costly process of employee turnover and recruitment. Because your top talent expects more than just a salary.
Increased Financial Well-Being & Productivity: Employees who feel secure about their retirement savings and future are typically more productive, engaged and focused. Financial stress is one of the leading causes of employee’s well-being.
Enhanced Employer Reputation: Employers that back an employee pension plan reinforces your commitment to your employee’s long-term success. That does not go unnoticed and helps position your business as an industry leader that values its employees.
Tax Benefits: Your business reduces its taxable income, making a group pension plan a significant component of your corporate tax strategy.

Ferrari & Associates understands that no two businesses are alike. We offer fully customizable group employee pension planning advice tailored to your company’s size, industry, and unique needs. Whether you’re a small business or a larger enterprise, our team of experts will guide you.

Employee group benefits, employee pension plans and key-person insurance are all just a click or call away.

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