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Defined Contribution Pension Plan

A savings plan in which both employer and employees make pre-defined contributions that are generally based on a percentage of employee salary.

Contributions are tax deductible and accumulate on a tax-deferred basis. Amount accumulated is used to determine annuity amount payable upon retirement.

Features

• In most cases, members provide their own investment instructions for the amounts contributed on their behalf.
• Funds accumulated cannot be withdrawn before retirement and must be used to purchase an annuity.
• These plans are generally better suited to employers who want to help their employees build an income for retirement.

Advantages

• Complete range of services to set up and maintain the plan.
• Advisory services to help design the plan and investment strategies.
• Plan sponsors receive ongoing support, expertise and accessibility of our specialists.
• Complete documentation provided, as required by law.
• A wide variety of investment options and strategies from various fund managers.
• Participants receive support and assistance in understanding their plan and the investment options available to them.
• Strict quality control measures ensure our plan sponsors' peace of mind.

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