1-800-680-9709 info@baicorp.ca

Group Retirement

Attract and retain quality employees with a Group Retirement plan that will make you a more competitive employer

Saving for retirement has become increasingly important as our population ages. A Group Retirement Plan is a very effective method of attracting and retaining quality employees, and can also offer significant tax-sheltering opportunities.

Our specialists are well-versed in all aspects of Group Retirement Plan Design and Administration and can advise you closely on what plans would suite your business goals and objectives

Our process

 

U

Discovery

We take the time to understand your employees through surveys and analyzing current investment and saving patterns allowing us to take the pulse of your employees Financial Wellness.

Working with you in figuring out your hiring goals, your historical issues and budgetary restraints and objectives allows us to build a foundation of understanding.

01

Z

Recommendations

After discovery we  discuss and analyze all your options in choosing the right plan for your business and its employees. Structuring plans based on turnover and compensation analysis. We provide a matching formula, negotiating fees on your behalf and ensuring your plan is competitive to the marketplace.

02

Implementation

You are our client and we want to get to know your employees and become a trusted partner. We go through the application process with you and provide enrollment sessions for you and your employees just to make sure the transition is easy and smooth. Implementation is one of the most critical elements of onboarding a new plan, and it is imperative it is done cleanly.

03

Monitoring

We build financial planning topics for employees based on demographics. We work closely with management to ensure goals are being met and the company is competitive. Optional feedback reports are provided to ensure we are exceeding targets.

On a macro level, we go over the funds being offered, plan adjustments, fiduciary concerns, CAP guidelines and more.

04

Why us?

 

  1. Design plans that helps you attract, retain and reward your employees

  2. Highly involved every step of the way, we see all our clients at least twice a year.

  3. Review and advise  annually to ensure the plan is still the best option for your company

Let us help you create the best comprehensive benefits program for you and your business, including:

Group RRSP

Similar to an individual RRSP, but members receive volume purchasing power advantage with insurance company product offering around investment management fees

Learn more

Defined Contribution Pension plan

An arrangement between a company and its employees at a fixed contribution amount, the amount of joint contribution can vary. Tax deductible and assets grow on tax deferred basis.

Learn more

Deferred Profit Sharing Plan

A registered plan with Canada Revenue Agency (CRA) designed to allow companies to share their profits with their employees. This is a great vehicle if you want to retain top talent because you have the option to link contributions to the company’s profits. It can also be used as a retirement or savings plan.

Learn more

and much more…

Uncertain of your next big decision?

Take Action.

  • This form is a great way for us to build a relationship and understand your business.
  • By providing us with basic business information helps us to better prepare a quote for you.
  • Let us take care of your financial worries so you can focus more on growing your business

BAICORP FINANCIAL INC.

@2019 Baicorp Financial.
All Right reserved.

Contact Us

 

1290 Cornwall Rd., Unit C, Oakville, ON, L6J 7W5

 

info@baicorp.ca