Empire Life Option Plus^TM
Group RSP

A flexible retirement savings plan for employees of small businesses

If you are a small business owner, or work for a small business without a company pension plan, you should consider a Group Registered Retirement Savings Plan from Empire Life. A Group RRSP benefits everybody.

If you are a business owner, you benefit by:

• Being able to offer an attractive, no-cost benefit to your employees, giving you a competitive edge and helping you recruit and keep top people.
• Paying no administration or set-up fees.
• Not worrying about time consuming paperwork—everything is done through payroll deduction.

Your employees benefit by:

• Enjoying immediate tax savings, since all their savings are going straight into their RRSP before tax is deducted from their pay cheque.
• Being able to start a disciplined savings plan, for as little as $30 a month that will help them take advantage of important investment strategies such as dollar cost averaging.
• Enjoying enhanced interest rates and lower fees compared to an individual plan.
• Having the flexibility to custom design their RRSPs.

What is special about Empire Life Option Plus™ Group RSP?

• No administration or set-up fees.
• Minimal paperwork.
• Convenient payroll deduction means plan members can join the plan for as little as $30 a month.
• Up to 4 free transfers or withdrawals from their plan per year.
• 21 different investment funds to choose from, including Canadian equity funds, foreign equity funds, balanced funds, bond funds, and a money market fund.
• Unique death and maturity benefit guarantees not usually available with similar plans.
• Enhanced interest rates on Guaranteed Interest Options (GIOs) with terms from 1 to 10 years.
• Enhanced annuity rates for plan members at retirement.
• Bonus interest rates for plan members whose accounts are over $50,000.

Interested in Group Insurance or Employee Benefits Plans? We can help!