Many factors contribute to the success of your business, and an important one is your employees. Attracting and retaining top talent and building an engaged and loyal workforce can drive your business forward.
At RBC Wealth Management, we can help you implement and manage group pensions and retirement plans for your organization. We understand how investing in your employees can be good for your business.
Employer-sponsored savings plans
Employer-sponsored savings plans are an important component of retirement planning and may help your employees feel more prepared about their future retirement.
Along with your professional legal, tax and financial advisors, we can help you consider and determine which retirement plan suits your business and employees. Some of the more common plan options include:
- Group Registered Retirement Savings Plans (Group RRSPs)
- Registered Pension Plans (RPPs)
- Defined contribution pension plans
- Defined benefit pension plans
RBC Wealth Management will guide you through the process to create whichever plan you choose.
Enhanced retirement plans
For your executives and leaders, there are further options and strategies that may help you enhance their retirement savings and encourage long-term loyalty. These include different forms of supplemental executive retirement plans, such as Retirement Compensation Arrangements (RCAs) or Individual Pension Plans (IPPs).
RBC Wealth Management can help you assess the advantages of enhanced employee benefits—including Group RRSPs, RCAs and IPPs—and assist you in setting up and managing these plans.