Employee Benefits – Group Retirement
A great group retirement program is an important step towards your employees’ well-being.
Retirement and savings programs should be a key component of your total rewards strategy. Obviously, making employer contributions available is a good start, but it is not enough to ensure employees fully appreciate a program’s value.
No matter the size of your organization; you want to attract and retain the best talent possible. And you no doubt want to have your team fully engaged in their work — not worrying about their future.
Also, as defined benefit pension plans’ presence has been dramatically shrinking in Canada over the last 20 years, capital accumulation plans (“CAPs”) — also known as defined contribution group retirement and savings plans — have become the norm.
A strategically designed CAP program, communicated in an effective manner, can lead to employees feeling well taken care of and confident about their preparation towards retirement.
Offering a program that delivers for all
Maintaining a well-run CAP program is not only strategic for your organization; it is actually your responsibility as an employer. As a program sponsor, there are certain oversight activities you are expected to perform to ensure quality and mitigate risks.
At BFL CANADA Consulting Services Inc., we believe going the extra mile to optimize your group retirement program maximizes the HR impact of the contributions you make. We use a proactive and granular approach that has a tangible impact on outcomes for participants:
- A smart, competitive design, conducive to maximizing employee participation and contributions;
- Sophisticated yet easy-to-understand investments, regularly monitored for fit with participants’ needs and satisfactory performance;
- Low investment and record keeping fees, eating less into returns;
- Intelligent, value-added reporting, providing deeper insights about how participants are doing and identifying areas of concerns to act upon;
- Participant support geared to address potential issues and to improve odds of retirement success;
- Effective communications to guide your employees and increase their satisfaction;
- Early assessment of developing products and services to identify further potential improvements;
- An engaged program provider supporting your organization and your employees.
We specialize in Capital Accumulation Plans (CAPs) and are leading experts with the following plan types:
- Deferred Profit Sharing Plans;
- Defined contribution pension plans, including Québec’s Simplified Pension Plans; Group Non-Registered Plans;
- Group Registered Retirement Savings Plans;
- Group Tax-Free Savings Accounts;
- Individual Pension Plans, Supplemental Executive Retirement Plans and Retirement Compensation Arrangements;
- Voluntary retirement savings plan.
We can also support our clients with their Defined Benefit Pension Plans.
Our group retirement consulting services are supported by years of experience from our senior consultants, bringing our clients a variety of backgrounds from the actuarial, pension, investments, retirement and financial planning, as well as communication fields. This allows us to provide services customized to our clients’ needs and makes us uniquely positioned to serve clients of any size across Canada.
We cover all your needs
Regardless of your industry, size or the complexity of your group retirement program, BFL CANADA, through a broad range of services, offers you solutions that support your corporate culture and allows your business to acquire and maintain a competitive edge.
Our Continuous Engagement
We make a difference by taking a hands-on approach to consulting services in order to fully understand your corporate culture, challenges and needs. We work closely with you every step of the way to optimize your group retirement program:
OVERSIGHT AND GOVERNANCE
What sets us apart from the competition
A dedicated team you can count on.
Our group retirement consulting services are supported by years of experience from our senior consultants, bringing our clients a variety of backgrounds from the actuarial, pension, investments, retirement and financial planning, as well as communication fields. We understand that each entity is unique due to a variety of factors, and our professionals are dedicated to delivering the right solution for your business.
The BFL CANADA Advantage in a Competitive Market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.