Group Non-Registered Plans
Help your plan members save beyond their limits.
A Non-Registered Savings Plan (NRSP) helps your plan members save beyond the limits of their Registered Pension Plan or group Registered Retirement Savings Plan. They can use the savings in an NRSP for any purpose—including supplementing their retirement savings, however, the investment returns are not tax-sheltered.
Advantages of a NRSP
In a NRSP, there is no requirement for employers to contribute. Plan members can access their savings at any time and can contribute easily by payroll deduction. Contributions are not tax-deductible and investment management fees are often lower than in individual accounts.
To learn more about Group Non-Registered Plans, we invite you to reach out to us.