A retirement plan your team will actually use.
Group RRSPs, DPSPs and group TFSAs, set up and run by the same advisors who handle your benefits. Payroll deductions, an employer match if you want one, and people who explain it in plain language.
Three ways to save, one plan to run.
Most groups start with a Group RRSP. A DPSP and a group TFSA are added when the matching formula or your people call for them.
Group RRSP
Employees contribute from payroll before the money reaches their bank account, with the tax relief applied right away. You can match a portion, or none at all.
DPSP
A deferred profit sharing plan holds the employer side of the contribution. A vesting schedule means the match rewards people who stay.
Group TFSA
After-tax savings alongside the RRSP, for people who have used their RRSP room or want money they can reach without a tax bill.
Better than everyone saving alone.
A retirement plan is the benefit people ask about in interviews and remember at review time. Run through the group, it also costs each of them less.
Lower fees than going it alone
Group plans are priced on the whole team, so the investment fees your people pay are usually well under what they would pay at a bank on their own.
A match people notice
An employer contribution is one of the clearest ways to show people you are investing in them, and it is a line on the offer letter that competes.
Payroll does the work
Contributions come off each pay. No one has to remember to transfer money, and no one misses the tax relief by waiting until March.
Your people understand it
We explain the plan in plain language at launch and whenever someone joins, so the money actually gets invested, not left in cash.
From first call to first contribution in four steps.
- 1
Tell us about your team
Headcount, payroll schedule, what you want to contribute, and whether you already have a plan.
- 2
We design and shop it
Plan type, matching formula and vesting, then we take it to Canada’s group retirement providers and compare fees and funds.
- 3
Set up with payroll
We connect the plan to your payroll, enrol your people and run a short session so everyone knows what to do.
- 4
Reviewed every year
Fees, funds and participation are reviewed with you annually, alongside your benefits renewal.
Walrus is paid by the plan provider on a group retirement plan. Your advisor will tell you how much whenever you ask, and there is no separate fee from you.
Add retirement savings to your benefits.
One advisor for both plans, one renewal conversation a year, and a team that understands what they have.