Fostering Corporate Culture with Financial Security

Benefluent Advisory offers a comprehensive range of services to assist clients in setting up and managing group retirement savings plans. We provide expertise in plan design, investment management, employee education, and Capital Accumulation Plan (CAP) compliance support.

We work closely with businesses to assess their needs and objectives, guiding them in selecting the most suitable retirement savings plan for their employees. Our team provides personalized recommendations and conducts thorough evaluations to ensure alignment with organizational goals.

Yes, absolutely! We offer tools and resources to streamline the administration and maintenance of group retirement savings plans. From enrollment and contribution management to reporting and compliance, Benefluent Advisory makes it easy for businesses to manage their retirement savings programs effectively.

We provide comprehensive education and support to employees to help them plan for their retirement effectively. Through workshops, seminars, online resources, and personalized guidance, we empower employees to make informed decisions about their retirement savings and financial future.

Getting started with Benefluent Advisory's group retirement savings plans is simple! Businesses can contact our team directly or visit our website to schedule a consultation. During the consultation, we'll assess your needs, discuss available options, and develop a customized retirement savings plan tailored to your organization's requirements.cription

Benefluent Advisory offers a range of group retirement plan options to suit different needs.

These include Group RRSP (Registered Retirement Savings Plan), RRSP DPSP (Deferred Profit Sharing Plan) Combination Plans, Group Pension Plans, and Group TFSA (Tax-Free Savings Account) and RESP (Registered Education Savings Plan).

Each plan type has its own advantages and considerations, and our team can help you determine the best option for your organization and employees.

A group retirement savings plan is a valuable tool for employees to work towards their financial goals. By contributing pre-tax income to a retirement plan, employees benefit from potential tax advantages and the opportunity for long-term growth. The wealth accumulated through the retirement plan can help individuals maintain their lifestyle and achieve their desired financial security during retirement. 

Yes, a group retirement savings plan can serve as a powerful retention incentive. By offering a comprehensive and competitive retirement savings program, organizations demonstrate their commitment to supporting employees' long-term financial well-being. This can enhance employee loyalty, engagement, and job satisfaction, ultimately aiding in retention efforts.

Benefluent Advisory works closely with reputable financial institutions to administer and manage group retirement savings plans. The specific financial institution(s) partnering with Benefluent Advisory may vary based on your organization's needs and preferences. Our team can guide you through the selection process, considering factors such as plan features, investment options, and competitive rates.

Benefluent Advisory is committed to ensuring that the rates offered through our group retirement savings program remain competitive in the market. We work with our trusted partners to negotiate favorable rates and provide attractive investment options for plan participants. Our aim is to help maximize the growth potential of employees' retirement savings.

The plan sponsors that we work with vary widely and  include organizations of all sizes and industries. Our services are tailored to meet the needs of small businesses, large corporations, and everything in between. Whether you are a for-profit company or nonprofit organization, we can assist you in implementing a customized retirement plan suitable for your employees.

Benefluent Advisory and our partners assist in plan administration functionalities to ensure a seamless and hassle-free experience for organizations and employees. Our team will assist with plan setup, participant enrollment, contribution processing, investment monitoring, and compliance with relevant industry guidelines & regulations. We strive to provide efficient and effective plan administration services, allowing you to focus on other strategic initiatives within your organization.

Please note that the answers above are general and may require further consultation with Benefluent Advisory to consider the specific details of your organization's retirement savings plan.

Group RRSP Plans offer several benefits for both employers and employees. For employees, a Group RRSP Plan provides a convenient way to save for retirement through automatic payroll deductions, taking advantage of pre-tax contributions. It also offers a wide range of investment options, including various funds and securities, allowing employees to tailor their investments to their risk tolerance and financial goals. Employers benefit from offering a Group RRSP Plan by attracting and retaining top talent, as well as encouraging a culture of saving and financial well-being among their workforce.

RRSP / DPSP Combination Plans provide a unique blend of benefits for both employees and plan sponsors. The Registered Retirement Savings Plan (RRSP) component allows  employees to contribute a portion of their pre-tax income towards retirement savings, enjoying potential tax savings and growth on their investments. The Deferred Profit Sharing Plan (DPSP) component allows employers to share profits with employees by making employer contributions based on company performance. This combination provides employees with additional retirement savings opportunities and allows employers to foster a sense of shared ownership and reward based on company success.

Group Pension Plans offer several advantages to employees and employers. For employees, a Group Pension Plan provides a secure and reliable source of retirement income, typically based on their years of service and salary. It offers the peace of mind that comes with a predictable pension benefit throughout retirement. Employers benefit from offering a Group Pension Plan by attracting and retaining talented employees, demonstrating their commitment to employee well-being, and fulfilling their responsibilities as plan sponsors. Group Pension Plans also provide potential tax advantages and can be tailored to meet the specific needs and goals of the workforce.

Group TFSA (Tax-Free Savings Account) and RESP (Registered Education Savings Plan) plans offer valuable benefits for employees and their families. Group TFSA plans allow employees to save and invest money on a tax-free basis, with the flexibility to withdraw funds at any time without penalty. This enables individuals to grow their savings while maintaining access to their funds when needed. Group RESP plans, on the other hand, help employees save for their children's post-secondary education. Contributions to RESP plans are made with after-tax income, but the funds grow tax-free until withdrawal, providing a tax-efficient way to save for educational expenses. Offering these group plans demonstrates an employer's commitment to supporting employees' financial well-being and their families' future needs.

Please note that the benefits mentioned above are general and may vary based on the specific terms and features of each plan.