Retirement Savings Plan
Group Plans
Common Wealth offers affordable group RRSP, TFSA and DPSP plans that help enhance your employees’ financial well-being.
Why a group retirement plan makes sense
Retirement benefits help you achieve your employee wellness priorities, while greatly improving recruiting and talent retention.
Improve financial wellness
Financial stress impacts everything from employee morale to engagement. Shifting your benefit budget to give employees a reliable retirement savings option, can ease their financial anxiety and help them stay productive.
Become a top employer
Reinforce your reputation as an employer of choice by building a culture of happy, productive employees with a matching retirement savings plan.
Attract and retain talent
How COVID elevated retirement benefits to a top recruiting and retention tool
The pandemic has changed the game when it comes to workplace retirement benefits. More and more employers are setting up workplace plans to align with financial wellness priorities, and to address labour shortages and high turnover challenges.
The Common Wealth Difference
Common Wealth’s digital retirement platform integrates RRSP, TFSA and DPSP accounts in one plan for easy setup and maintenance.
Low fees for all
Common Wealth is the ideal retirement savings plan for small, medium, and large-sized businesses.
Fully digital setup
Plan setup and maintenance and employee onboarding are quick and easy, thanks to our completely digital experience.
Flexible plan design
We’ll help you structure a flexible contribution and matching plan that works for your company culture and your budget.
Payroll Integration
Common Wealth works with a wide range of payroll systems, minimizing administration and freeing your time to focus on managing and growing your business.
Expert guidance
We offer expert guidance to help your employees make informed retirement planning choices, so you don’t have to become their financial advisor.
Safe and secure
80% of people are more inclined to work for a company that offers matching contributions to their retirement savings plan.
Natixis, September 2021
Get started with ease and support
Have your plan up and running in just a few weeks.
25% of Canadians spend about 40 minutes per day distracted by personal finance matters on the job
An innovative digital platform
Common Wealth gives you a quick and easy way to set up and manage your workplace plan.
- No investment knowledge required
- Fully digital employee enrollment
- Flexible contribution and matching
- Flexible plan design with RRSP, TFSA, RRIF and DPSP
- Automatic payroll deductions
- Employer dashboard to manage users
A customer-first aproach
More than just an investment account
We’re able to provide greater value to you and your employees with a true retirement plan that’s more than just an investment account. It’s an easy, digital platform that manages all aspects of the retirement journey.
Pricing
By combining modern technology and group purchasing power, we are able to offer your employees access to fees up to 70% lower than what Canadians typically pay to save for retirement. Our pricing is considerably lower than other group retirement plan providers, including large insurance companies, especially for smaller and mid-sized employers. Connect with us to get a quote for your workplace.
Group Plan Design
Is your group retirement plan the right fit for you?
Is your plan helping employees answer basic questions like: How much do I need to live in retirement? How much do I need to save? What can I expect from government benefits? What investment options are best suited for me? If not, let’s talk!
