Saskatchewan Group Retirement Planning
Helping Saskatchewan employees plan for a secure retirement means empowering them to work with confidence today and enjoy peace of mind tomorrow.
Experience you can count on: Saskatchewan’s retirement specialists
With Acera Benefits, a specialty division of Acera Insurance, you receive expert advice and tailored solutions. Our Saskatchewan group retirement team manages a large portfolio in the group retirement sector including non-registered and registered group plans. We specialize in fund selection and risk mitigation, creating diverse pension portfolios that maximize risk adjusted returns and eliminate unnecessary investment risk.
Our proven success as savings plan managers is backed with over 50 collective years of financial consulting and service experience. Our team leverages a variety of tools to help you and your team effectively save for retirement.
Group retirement advantages for Saskatchewan businesses
A well-structured group retirement plan is more than just an employee benefit – it’s an investment in your team’s future and your company’s long-term success. Saskatchewan employers who offer group retirement programs gain strategic advantages that strengthen both their workforce and their bottom line.
- Creating a solid foundation for success. A group retirement plan reinforces your company’s commitment to growth, sustainability, and care for your workforce. For Saskatchewan employers, it’s not just about saving for retirement – it’s about investing in your people and creating a workplace where everyone can plan, prosper, and thrive.
- Increased ability to recruit and retain high quality staff. In Saskatchewan’s competitive labour market, comprehensive benefits make a lasting impression. Offering a group retirement plan demonstrates your commitment to employees’ long-term well-being, helping you recruit top talent and build lasting loyalty within your organization.
- Investing in the future of your company. When employees feel confident about their financial future, they’re more engaged and productive in the present. A strong retirement program shows your dedication to supporting employees beyond their working years – fostering a culture of trust and stability that benefits your entire business.
- Tax advantages for employers and employees. Group retirement plans can offer meaningful tax savings. Employer contributions may be tax-deductible, while employee contributions grow tax-deferred – helping both parties maximize their financial efficiency. These advantages make retirement planning a win-win for Saskatchewan organizations and their teams.
- Simplified plan governance. Partnering with a knowledgeable brokerage like Acera Insurance makes it easy to administer and manage your group retirement plan. We help Saskatchewan businesses navigate provider options, compliance requirements, and ongoing plan maintenance, so you can focus on your people, not paperwork.
- Enhanced workplace performance. Financially secure employees are less stressed and more focused at work. By supporting your team’s retirement goals, you’re also improving morale, engagement, and productivity – leading to stronger overall performance and a healthier workplace culture.
Examples of group retirement solutions for Saskatchewan employers and their teams
Helping your employees plan for the future is one of the most meaningful ways to support their long-term financial security. Acera Benefits helps Saskatchewan businesses design and manage group retirement plans that fit their goals, budget, and workforce needs.
Here are some of the most common group retirement savings options available to Saskatchewan employers and their employees:
Tax-Free Savings Account (TFSA)
A Group TFSA is a flexible savings plan that allows employees to earn investment income, such as interest, dividends, and capital gains – completely tax-free.
Employees contribute after-tax dollars, so withdrawals can be made at any time without tax penalties. This makes a TFSA a valuable short- or long-term savings option for Saskatchewan employees looking for financial flexibility.
Registered Retirement Savings Plan (RRSP)
A Group RRSP is a powerful way to help employees build retirement savings with significant tax advantages.
Contributions are generally tax-deductible, allowing employees to reduce taxable income while their investments grow tax-deferred until retirement. When withdrawn, funds are taxed as income. For Saskatchewan employers, offering a Group RRSP is a highly attractive benefit that supports employee financial well-being and retention.
Deferred Profit Sharing Plan (DPSP)
A Deferred Profit Sharing Plan (DPSP) enables Saskatchewan employers to share company profits directly with their employees.
Employer contributions made based on company profits or a set amount are tax-deductible within certain limits, and the plan’s assets grow tax-deferred until withdrawal. A DPSP often complements a Group RRSP, offering an effective way to reward employees while promoting shared financial success.
Defined Contribution Pension Plan (DCPP)
A Defined Contribution Pension Plan (DCPP) is established by an employer to help employees save for retirement through structured, tax-efficient contributions. Under this plan, employers are required to contribute a set percentage or amount, and employees may also contribute depending on plan design.
Both employer and employee contributions are tax-deductible within certain limits, and investments grow tax-deferred until withdrawal at retirement – at which point the funds are taxed as income.
For Saskatchewan employers, a DCPP provides a dependable and transparent way to support employees’ long-term financial goals while strengthening overall retention and workplace satisfaction.
Non-Registered Savings Plan (NRSP)
A Non-Registered Savings Plan (NRSP) is an excellent complement to traditional retirement accounts such as RRSPs or TFSAs. Unlike registered plans, there are no government-imposed contribution limits, giving employees greater flexibility to continue saving once they’ve reached their registered plan maximums.
While contributions are not tax-deductible, investment earnings may be subject to capital gains and income tax upon withdrawal. An NRSP offers Saskatchewan employees a practical way to build additional long-term savings and diversify their investment strategy beyond registered options.
Why choose Acera for group retirement planning in Saskatchewan?
Planning for retirement doesn’t have to feel overwhelming. With the right guidance, it becomes a confident and rewarding journey – one that supports both your financial goals and your peace of mind. You can rely on Acera Benefits.
Our Saskatchewan retirement advisors specialize in designing tailored group retirement plans that align with your organization’s goals and your employees’ long-term financial security. We draw on a diverse range of investment and insurance products to help you build sustainable savings solutions, protect your team’s future, and maximize the value of every dollar invested.
It’s never too early to start preparing for the future and never too late to strengthen your plan. Whether your business is based in Regina, Saskatoon, Prince Albert, or anywhere across Saskatchewan, our experienced advisors will work closely with you to create a personalized group retirement strategy that fits your workforce and your budget.
From optimizing group RRSPs and TFSAs to exploring effective tax and investment strategies, we’ll help ensure your plan supports both your people and your long-term success.
Connect with one of our Saskatchewan retirement planning experts today to start building a stronger financial future for your employees and your business.se when and how much you will contribute, as well as when and how you will withdraw your money.
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