Call
Text

Features of Our Group Retirement Savings Plan

The distinguishing feature of our collective retirement funds is their unique design. These features are specifically crafted to meet the diverse financial goals of your employees. One key highlight is the automatic payroll deductions. This feature streamlines retirement savings by making the process hassle-free and automated.

Start Planning Today
Benefits of Our Group Retirement Savings Plan

Plan Options

We offer a variety of plan options to meet different employee needs. Whether employees prefer steady growth or higher returns, our plan offers flexibility. It aligns with various risk tolerances and retirement goals.

Contact Us Today

Employer Contributions

Employers can contribute to employees’ accounts. This serves as a valuable incentive for employee participation. Contributions can be a percentage of employee contributions or a fixed amount. This provides employees with additional retirement savings beyond their own contributions.

Matching Programs

Our plan includes matching programs to boost employee participation in retirement planning. Employers match a portion of employees’ contributions. This matching effectively doubles employees’ retirement savings. It also shows the employer’s commitment to their financial well-being.

Vesting Schedules

Our plan includes vesting schedules. These outline the timeframe in which employees gain rights to employer contributions. This ensures that long-term employees fully benefit from employer contributions. Vesting schedules can vary based on employer policies and employee tenure.

Investment Options

We offer a range of investment options, including mutual funds, stocks, bonds, and GICs. Employees can create a balanced investment portfolio. They have the flexibility to customize their strategy to match their goals and risk tolerance.

Automatic Enrollment

Automatic enrollment simplifies the process for employees. Eligible employees are automatically enrolled in Core Benefits. This removes participation barriers and encourages retirement savings from day one. Automatic enrollment can significantly increase plan participation rates and retirement savings outcomes.

Employee Education and Support Programs

We understand that retirement planning can be overwhelming. That’s why we offer education and support programs. These programs help employees make informed decisions about their retirement savings. From workshops to personalized advice, we provide the resources employees need.

Benefits of Our Group Retirement Savings Plan

So, what is a group retirement savings plan in Regina? Essentially, it is a way for employers to help their employees save for the future. But Core Benefits’ plan goes beyond just saving; it offers many benefits to both employers and employees.

Ensure Peace of Mind
what is a group retirement savings plan in Regina

Tax Efficiency

Contributions to our programs are made with pre-tax dollars. This reduces employees’ taxable income and offers immediate tax savings. Tax deferral allows savings to grow tax-free until withdrawal, maximizing growth potential.

Ensure Peace of Mind

01

Employer Contributions

Employer contributions add valuable benefits to employees’ accounts. This effectively boosts retirement savings at no extra cost to employees. It shows the employer’s commitment to employees’ financial security.

02

Investment Flexibility

We offer various investment options, allowing employees to diversify their savings. This flexibility lets employees tailor their investment strategy to their needs. They can optimize their savings potential.

03

Retirement Readiness

By participating in our plan, employees build a secure financial future. With employer contributions and matching programs, they can confidently plan for retirement.

04

Employee Engagement and Satisfaction

Our plan shows the employer’s commitment to financial well-being. It contributes to higher employee engagement, satisfaction, and loyalty. Employees value benefits that support their long-term financial security.

Advantages for Employers

Employers play a crucial role in helping employees save for retirement. Here are the key advantages for employers

Talent Attraction and Retention

A group retirement savings plan in Regina can be a powerful tool for attracting and retaining talent. In today’s job market, benefits packages are a major consideration for job seekers. Offering a strong retirement plan helps employers stand out. It also enhances employee loyalty and reduces turnover.

Ensure Peace of Mind
Tips for Encouraging Participation in Retirement Planning

Tax Benefits for Employers

Employers can benefit from tax advantages by offering a retirement plan. Contributions made to employees’ accounts are usually tax-deductible as a business expense. This reduces taxable income and lowers tax liability. Matching contributions are also a tax-efficient way to compensate employees.

Guard Your Team’s Well-being

Administrative Support

Managing a retirement plan can be complex, especially for small businesses. Our group retirement savings plan in Regina offers administrative support. We handle enrollment, contribution processing, investment management, and compliance monitoring. This allows employers to focus on running their businesses.

Compliance Assistance

Maintaining compliance with regulations is essential for employers offering retirement benefits. Our team provides compliance assistance to ensure our plan adheres to all laws. We stay updated on legislation and provide ongoing support. This reduces the risk of penalties or legal issues.

Employee Engagement Initiatives

A retirement savings plan can drive employee engagement. We offer initiatives designed to educate and empower employees in their retirement planning. From workshops to online tools, we provide the support employees need.

Advantages for Employees

Employees benefit greatly from participating in a group retirement savings plan in Regina. Here are the key advantages for employees

Tax-Deferred Savings

One primary advantage is the opportunity for tax-deferred savings. Contributions are deducted from taxable income, reducing current tax liability. Earnings on investments grow tax-deferred until retirement.

Contact Us Today
Matching Programs for group Retirement Savings

01

Employer Contributions Matching

Many group retirement savings plans in Regina offer employer matching. This adds additional incentives for employees to save. Employer matching contributions represent free money added to retirement accounts. This feature boosts savings and encourages maximum contributions.

02

Investment Diversification

A group-registered retirement savings plan in Regina offers access to diversified investments. Options include stocks, bonds, mutual funds, and ETFs. Employees can build a balanced portfolio tailored to their risk tolerance and goals.

03

Financial Education and Resources

Employers offering group retirement plans often provide access to financial education. These resources include workshops, online tools, and personalized advice. Employers empower employees to take control of their financial futures.

04

Retirement Readiness Assessments

Many group retirement plans offer readiness assessments. These tools help employees evaluate their retirement preparedness. Assessments analyze savings, investment performance, projected expenses, and income. Employees can set realistic goals and enhance their long-term security.

Investment Flexibility for group retirement plan

Tips for Encouraging Participation in Retirement Planning

Understanding what a group retirement savings plan is in Regina is just the first step in securing your employees’ future. Actively encouraging participation is crucial. Here are tips to foster engagement. Here are some effective tips to foster engagement

Ensure Peace of Mind

Education and Communication

Encouraging participation in a group retirement plan starts with education. Host workshops or webinars to explain the benefits of retirement planning.

Personalized Financial Guidance

Offer personalized guidance to help employees understand their options. Provide access to advisors or tools for creating tailored retirement strategies.

Employer Contributions and Matching Programs

Highlight employer contributions and matching programs. Emphasize the value of these benefits and encourage employees to maximize their savings.

Automatic Enrollment

Consider automatic enrollment to increase participation rates. Employees are enrolled unless they opt out, making it easier to start saving.

Regular Communication and Reminders

Stay engaged with employees through regular communication. Use email, intranet, and newsletters to keep them informed about plan updates.

Incentives and Recognition

Offer incentives to motivate participation. Recognize employees who contribute or reach savings milestones. Incentives like matching contributions encourage savings.

Investment Flexibility for group retirement plan in Regina

How to Get Started?

Starting with a group retirement savings plan in Regina is simple. Here’s how to get started

Contact Information

First, contact the person or department managing the plan at your employer. They can guide you through the enrollment process.

Consultation and Setup Process

Schedule a consultation to discuss your goals and options. The plan administrator will help you set up your account and select investments.

Plan for Tomorrow

Employer and Employee Responsibilities

Understand the responsibilities of both employers and employees. Employers administer the plan and contribute to accounts. Employees contribute and manage their investments.

Enrollment Forms and Documentation

Complete enrollment forms and provide necessary documents. This includes personal information, beneficiary designations, and investment elections.

Ongoing Support and Assistance

Take advantage of ongoing support from your employer and plan administrator. They offer guidance on investment decisions and retirement strategies.

Working with Core Benefits has added a lot of value to our group benefit program. They listen and assist us with solutions for any issue we present. The advisors represent our needs and our employees. Their expertise in the industry is something we really appreciate. We highly recommend their service.

Kent Paul, CFO
Saskatchewan Roughriders

Support Your Team’s Retirement Goals Today!

Ready to provide your employees with a secure financial future? Contact us today! Our team of experts is eager to assist you in setting up a group retirement savings plan in Regina tailored to your business’s unique needs. Together, we can create a robust financial strategy that benefits both you and your employees. Start your journey towards a secure retirement plan by reaching out to us today!

Core Benefits and Leipert Financial Group work together to provide you with the best range of services. If you are looking for help with personal financial planning, visit Leipert Financial Group for more information.

Get Coverage Now
group retirement savings plan in Regina

Core Benefits and Leipert Financial Group work together to provide the best range of services for you. If you are looking for help with personal financial planning, visit Leipert Financial Group for more information.