With current capital accumulation plan (CAP) participation rates typically around 55% to 60% in Canada, plan sponsors continue to search for ways that inspire employees to save enough for retirement. Some are automatically enrolling new employees in workplace retirement savings plans.
According to the Canadian Institute for Health Information’s National Health Expenditure Trends report, private insurance and out-of-pocket expenses for healthcare in Canada reached an estimated $56.6 billion in 2010. Given this, it’s no wonder more and more plan sponsors are cost-conscious and turning to their plan providers for help. “These days, we expect our relationship […]