Group Savings Plans
Group Savings Plans are employer sponsored programs to help employees invest and save for a variety of objectives.
The Group Retirement Plan Market
More and more companies are finding that having a quality Group Plan provides several benefits. For employers a Group Plan can:
- Help you become a more attractive employer and gain a competitive advantage by attracting and retaining qualified employees
- Increase morale, work satisfaction, loyalty and productivity by demonstrating concern for employees' life after work
- Help provide greater financial security for your employees and their families
- Provide employees with a tax-efficient form of compensation
- Offer employees a generally lower investment management fee than if they were investing on their own
The Role Of An Advisor
Having an advisor involved in a company’s Group Plan provides several benefits to plan members including:
- Advice: ensures that all members receive suitable guidance when investing their savings.
- Communication: available to answer questions about members’ personal investments, account statements and any financial matter that concerns them.
- Education: a valuable resource to help educate plan sponsors on the various Group Plan options available and the benefits associated with each.