Offering the right, customized group benefits and retirement savings plans can help attract and retain top talent while supporting the well-being of your employees.
Group Benefits & RRSP'
What are Group Benefits?
Group benefits are employer-sponsored plans designed to support your employees’ health, well-being, and financial security—while helping your business attract and retain great people. A typical plan can include health and dental coverage (prescriptions, paramedical services, vision, and more), life insurance to help protect a family if something unexpected happens, and disability insurance to provide income support if an employee is unable to work due to illness or injury.
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Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide for their employees.
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Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.
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Group Disability Insurance is a type of group insurance that provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).
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Supplemental insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover in the event of an accident or other covered loss.
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When organizations want to offer the best dental and vision care benefits to attract and retain the best employees they need to work with our group dental and vision experts. We have access to the benefit plans that will keep your group members, employees, and their families healthy.
Major Types of Group Benefits
What is a Group RRSP?
Many employers also choose to include retirement savings options like a Group RRSP, which makes it easier for employees to save through payroll contributions (and can include employer contributions if you choose). Plans can be customized based on your team size, priorities, and budget, with optional add-ons available depending on what best fits your organization.
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Contributions are deducted via payroll before income tax, delivering immediate tax savings.
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Employers often match employee contributions, effectively boosting retirement savings.
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Payroll deductions automate savings, helping employees stay disciplined and benefit from dollar-cost averaging by investing consistently, regardless of market fluctuations.
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When leaving an employer, the employee will be given options for their Group RRSP account. Common choices include transferring it to a personal RRSP, moving it to a new employer’s plan (if available), or withdrawing the funds (subject to taxes).
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Options may include Spousal RRSPs for strategic tax planning, helping balance retirement income between partners.