What’s the difference between a Group RRSP, TFSA and DPSP?

A Group RRSP lets employees contribute pre-tax dollars toward retirement; a Group TFSA offers tax-free growth with flexible withdrawals; and a DPSP lets you share profits with employees as an incentive. Many companies combine them - we’ll help you pick the right mix.

Aren’t retirement plans just for big companies?

Not anymore. Our pooled group RRSP platform treats many small businesses as one larger organization, which eliminates set-up fees and annual deposit minimums. Small teams get big-company treatment.

How much does it cost to set up a group retirement plan?

Through the pooled platform: no set-up fees, no minimum deposits, no administrative hurdles. You decide what you want to contribute, and we handle the rest.

Do employers have to match employee contributions?

No - matching is optional, though even a modest match dramatically boosts participation (free money is very motivating). We’ll help you design a contribution structure that fits your budget.

We already have a plan. Why would we switch?

When were your fees last reviewed? As plan assets grow, many companies qualify for lower fees they never claim. With one signature we take over management and run a full analysis to uncover savings and improve your fee structure - no disruption to your employees.

Group Retirement

Your future called. It wants benefits.

Large companies already know they can leverage retirement plans to hire and retain great employees, but did you know this benefit is also available to small business owners?

In the past, providers of Group Retirement Plans (Group RRSP, TFSAs and DPSPs) catered mostly to mid-size and large businesses with annual deposit minimums making it hard for smaller organizations to stay competitive and offer group savings plans to their employees.

We help make group retirement plans simple and accessible for companies of all sizes. We work with all major providers and offer access to a pooled group RRSP platform that treats many small businesses as one larger organization - eliminating set-up fees and annual deposit requirements.

Key takeaways

Group retirement plans can help small businesses hire and retain great employees.
A pooled group RRSP platform brings many small businesses together and removes set-up fees and annual deposit requirements.
Options include Group RRSPs, Group Pension Plans and Group TFSAs.
Whether you are starting a plan or already have one, S+F can help you understand your choices.

If you don’t currently offer a plan

Setting up a group RRSP has never been easier. There are no set-up fees, no minimum deposits, and no administrative hurdles. You choose what you want to contribute, and we handle the rest so your employees can start saving with confidence.

Retirement products built for the long game:

Group RRSP

Description: Offers various tax advantages compared to investing outside of tax-preferred accounts.

Group Pension Plans

Description: We can recommend plans that rely on contributions to a pool of funds that benefit your employees.

Group TFSA

Description: Set up tax-free savings accounts that will provide added tax benefits for saving.

If you already have a plan

When was the last time your plan fees were reviewed? Have your employees’ assets grown substantially over the years? Many companies are sitting on savings and fee reductions they don’t even know are possible.

With one signature, we take over the management and complete a full analysis to uncover potential savings, improve fee structures, and ensure your plan is optimized for your team.

Understand your retirement plan options.

We help make group retirement plans simple and accessible for companies of all sizes.

Whether you’re setting up a plan or already have one, we can talk through the options available to your team.

Talk with S+F about group retirement.Ask us to review your existing plan.

Frequently asked questions

Switch benefits brokers with just one signature.

Switching brokers doesn’t mean switching your benefits - and it starts with a conversation, not a contract. Here’s how it actually works.

Contact us

Give us a call, send an email, or reach out through the form. No commitment - it just starts the conversation.

The easy part

We get to know each other

A meeting or two where we learn about your team, your current plan and your pain points - and you get to know us. Trust comes first.

A conversation, not a pitch

We build the plan together

We review your current coverage and design what works best for you - keep your plan, improve it, or rethink it together.

Built around your business

One signature

When it all makes sense to you - and only then - one signature makes us your broker. Your benefits never skip a beat.

You’re the judge

START THE CONVERSATION

Reviews

Don’t just take our word for it

Canuck Roofing

We had switched over to S&F Benefits and we are extremely pleased with everything from the initial setup, to the follow-ups, to the whole team and all the benefits offered. They are always super speedy in their replies and very helpful. It has made dealing with our corporate benefits a breeze and a relief! We highly recommend Reena, Chad, and their whole team to any business looking to get benefits — you will be happy you chose them!

Coastal Key Mortgage & Realty Group

Over the years I’ve had the pleasure of working with the team at S+F Group for various insurance products, both personal and business. Their approach is refreshingly laid back, making the entire process stress-free and comfortable, without any pressure. Their expertise and knowledge of insurance products are next level. They’re not afraid to take the time needed to understand our needs while providing tailored advice and solutions. I have referred several of my clients to them, and each one has echoed my sentiments, praising their professionalism and the quality of service they provide. I highly recommend them to anyone in need of reliable and personalized insurance guidance. Their commitment to their clients’ satisfaction is evident in every interaction, making them a standout choice in the industry.

Will Wong

Our company have been partnering with S+F Group Benefits for over 20 years, and the bottom line is: all their staff is very friendly, but professional. The thing we like best is they are very quick to respond to our questions. We have been approached many times by other Benefits Company, but we’re staying with S+F as they have always taken time to show us what’s out in the market and explain to us the advantages and disadvantages of what they’re proposing. Highly recommended.

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