DPSPs – Benefits Canada.com

Top 5 HR, benefits, pensions and investment stories of the week

lbailey — Fri, 17 May 2024 13:00:18 +0000

An article on the value that deferred profit-sharing plans can offer to small- and medium-sized employers was the most-read article on Benefits Canada.com this week. Here are the top five human resources, benefits, pensions and investment stories of the past week: 1. Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals 2. CPPIB wants to […]

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Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals

bwolfe — Mon, 13 May 2024 13:00:47 +0000

Canadian companies, especially small- and medium-sized employers, are facing unprecedented challenges in attracting and retaining skilled and motivated talent. According to a recent survey by Robert Half Canada Inc., 42 per cent of Canadian employees have already started searching for a new job or are planning to do so in the first six months of […]

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Canadian CAP providers’ assets up 12.9% in 2023: report

bwolfe — Fri, 22 Dec 2023 14:00:35 +0000

The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June 30, 2022 to $282,772 million at June 30, 2023, according to the latest report by the Canadian Institutional Investment Network. The CIIN, which is a companion site to Benefits Canada […]

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A look at the landscape for automatic features in Canadian pension plans

Jennifer Paterson — Fri, 18 Nov 2022 13:55:12 +0000

Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because the money goes to the same fund it would otherwise — and you’re getting two-times the return,” says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial […]

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Employers using debt repayment benefits to retain employees, alleviate financial stress

lbailey — Thu, 08 Sep 2022 13:00:39 +0000

In 2019, Nick Smith graduated with $50,000 worth of debt — $30,000 in student loans and $20,000 with a student line of credit. Low-paying jobs and a high cost of living made it hard for Smith to make a dent on his debt until he got hired as a mechanical technologist in Halifax at Dillon Consulting […]

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How LifeLabs redesigned its RRSP-DPSP to maximize employee engagement

lbailey — Fri, 18 Mar 2022 12:58:53 +0000

In 2020, LifeLabs Inc. embarked on a year-long journey to redesign its group registered retirement savings plan and deferred profit-sharing plan to make them less cumbersome, easier to administer and to boost engagement among employees. Under the original plans, which were in place for more than 10 years and linked to employees’ years of service, […]

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Q&A with ABC Technologies’ Cindy Xing

mschmit — Fri, 18 Sep 2020 04:50:29 +0000

ABC Technologies Inc.’s director of total rewards talks wellness, new retirement savings plans and gardening. Q. What top challenges do you face in your role? A. The top challenge is a combination of many factors linked to the unprecedented times we’re experiencing. Like many organizations, the pandemic hit us hard. We’ve had to reduce our […]

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Employers permitted to suspend DC pension contributions, says FSRA

mschmit — Tue, 28 Apr 2020 05:00:57 +0000

The Financial Services Regulatory Authority of Ontario has confirmed it will permit a suspension of employer contributions to defined contribution pension plans on a temporary basis. However, any change to either employer or employee contributions can only be on a go-forward basis and must be supported by an amendment to the plan text, said the […]

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Editorial: Weighing in on the pension of the future

mschmit — Fri, 20 Dec 2019 05:00:45 +0000

About a year ago, Benefits Canada introduced a few new columns and features, including our Head to Head, where every month we choose a hot industry question and open up a two-person debate. I’m often tempted to join in the discussion, but ultimately fall on the side of restraint. This month, though, I can’t resist […]

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2019 CAP Suppliers Report: A look at the RRSP-DPSP combination

ANNA CAMPION — Fri, 20 Dec 2019 04:57:13 +0000

The Swedish word “tack” translates to “thank you,” which is precisely what IKEA is saying to employees with its Tack! loyalty program. In Canada, the program operates as a deferred profit-sharing plan and is part of employees’ total rewards package. “The [program] was launched in 2013 based on the wish of IKEA founder Ingvar Kamprad […]

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