Secure your employees’ future while boosting your company’s value proposition.
Group retirement plans are an essential component of an employee benefits package, offering value not only to employees but also to employers. Help your employees save for their future with tax-efficient retirement savings plans.
In a competitive job market, offering a group retirement plan demonstrates a commitment to employees’ long-term financial well-being. 75% of Canadian employees consider retirement savings plans an important factor when choosing an employer. It enhances your employer brand and sets your company apart from competitors who don’t offer similar benefits.
Financial stress can impact an employee’s focus and performance. Providing a group retirement plan helps employees save for the future, reducing stress and increasing productivity. Employees who feel supported by their employer are more likely to be engaged and motivated in their roles.
Offering a group retirement plan is a tax-efficient way to provide additional compensation without significantly increasing payroll costs. Employer contributions are typically tax-deductible, reducing the company’s taxable income.
Employees are more likely to stay with an employer that invests in their future. 78% of employees say they would be less likely to leave a company that offers a strong retirement savings plan.
Many employees don’t save enough for retirement on their own. A group plan simplifies the process with automatic payroll deductions and employer matching. Regular contributions build savings over time, ensuring employees can retire comfortably.
Promoting financial wellness aligns with corporate social responsibility (CSR) initiatives. Supporting employees’ long-term financial health demonstrates a commitment to their well-being beyond the workplace.
Modern group retirement plans are easy to manage with online platforms and support from plan providers. Employers can choose from various plan types, including Group RRSPs, Defined Contribution Plans, and Deferred Profit-Sharing Plans.
Employer contributions are tax-deductible, while employee contributions can be made pre-tax, reducing taxable income. Investment growth within the plan is tax-deferred until retirement withdrawals.
Retirement is a time to enjoy life without worrying about unexpected medical expenses. At HealthWise Benefits, we offer specialized retiree health insurance solutions to help you maintain financial security and access quality healthcare as you transition into this new stage of life.
Budget-friendly options to ensure continuous healthcare access.
Coverage for medications to keep you healthy and active.
Plans designed to support overall well-being in retirement.
Choose a plan that suits your health needs and lifestyle.
Whether you're traveling, managing ongoing health conditions, or planning for long-term care, our retiree-focused plans provide the security and flexibility you deserve. Stay covered and focus on what truly matters—enjoying your retirement to the fullest!
Continue your health and dental coverage after retirement, ensuring you receive necessary care without high out-of-pocket expenses.
Stay covered for essential medications, reducing your financial burden on prescriptions.
Enjoy your retirement travels worry-free with emergency medical coverage worldwide.
Access to home care services and long-term care options to maintain independence as you age.
Protect your Whether you need extended health and dental, prescription drug coverage, or travel insurance, we’re here to guide you every step of the way. Let us help you secure a healthier, worry-free retirement. Get in touch today to explore your options!family’s future with a personalized health plan. Contact us now to learn more!
