Benefex provides Employee Retirement Consulting Services in Edmonton.
Consulting and Brokerage Services
At Benefex, we have a long history of building ideal retirement plans for businesses. The goal of implementing an employee retirement plan is to grant your employees access to a plan that is far better than they could obtain as an individual. One of the ways in which we achieve this is to work with a wide variety of financial institutions to offer plans containing funds from all leading fund management companies. Another way is to negotiate with each financial institution to ensure that your investment management fees are lower than certain set benchmarks. By building a plan that maximizes returns and minimizes undesired risk, we will maximize the positive outcomes and minimize the administrative challenges of your group retirement offering.
We help to develop a plan that suits the needs of each of our clients:
Which retirement plan type is preferential?
Which financial institution will best meet the needs of the employer and its employees?
Which investment funds should be made available to employees?
What is the ideal employee communication strategy?
Products We Offer
Defined Benefit Pension Plan (DBPP)
Locked-In retirement plans where an employee’s retirement compensation is a known and pre-determined amount. The retirement benefit is a set amount and employer contributions may fluctuate to achieve the target. Such plans come with powerful peace of mind for employees and make it easy to plan for retirement.
Defined Contribution Pension Plan (DCPP)
Locked-in retirement plans where an employee’s retirement compensation is a function of their contributions and investment choices. Employer contributions are set and the retirement benefit will depend on market performance. Such plans are often easier to fund than Defined Benefit Plans.
Deferred Profit Sharing Plan (DPSP)
A plan whereby the amounts an employer contributes to the retirement of their employees in any given period is directly dependent on company profits.
Group Registered Retirement Savings Plan (RRSP) with and without Employer Contributions
Tax Free Savings Accounts
Flexible plans with versatile contributions and market dependent retirement benefits, except that contributions are made after tax, grow on a tax-deferred basis, and withdrawals are not taxable.
Capital Accumulation Plan (CAP) Guidelines
CAP Guidelines help employers to reduce their liability through proper governance of their retirement program. These plans are attractive for employers since they do not have to commit to the promise of a specific amount for retired employees (retirement benefit is dependent on contributions, investment choice, and market performance).
Benefex will develop corporate communication strategies including materials covering:
- The need for retirement asset accumulation
- The basis for “how much is enough?”
- The types of investment instruments available
- The determination of individual risk profiles
- Introductory skills for personal portfolio development