CORPORATE SERVICES

Group Retirement Savings Plans
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Owen & Associates Group Retirement

A group retirement savings plan can be an integral piece of a group benefits plan. These plans provide employees with financial security and a strong connection to their company. Owen & Associates offers numerous years of experience in the retirement planning industry providing advice to a wide range of pension plan sponsors in both the private and public sectors. Our team will assist in structuring the appropriate type of plan.

group retirement
group retirement
group retirement
group retirement
group retirement
group retirement
group retirement

Like our Group and Administration Services, our Retirement Services take a collaborative approach, whereby each of our clients has access to vendor actuaries with direct client knowledge. Our team provides day-to-day support on a dedicated basis and supports.

  • Group Retirement Program Plan Design and Review Services

  • Plan Document Creation and Review Services

  • Direct Administration Services

  • Regular Stewardship Reporting for CAP Plans

  • Pension Plan Regulatory Support

  • Employee Communication and Engagement

Owen & Associates Group Retirement
Group Benefits-09

08: Compliance Maintenance

  • Provide relevant information and expertise
  • Compliance review
  • Retirement program reporting and CAP guidelines
  • Ongoing tax reporting support
Group Benefits-08

07: Annual Renewal Review & Strategy

  • CAP Reporting
  • Pension Reporting
  • Proposal construction, review, and execution
  • Fund Fee reduction negotiations
  • Annual review
Group Benefits-07

06: Day-to-Day Support/ Impromptu Tasks

  • Eligibility concerns
  • Plan inquiries
  • Withdrawal inquiries
  • Account management issues
  • Insurer customer service inquiries
  • Miscellaneous inquiries
  • Insurer performance management
  • Special requests/projects (as directed)
  • HR department support
Group Benefits-06

05: Employee Engagement

  • Monitoring trends and developing communication strategies
  • Event planning and project management
  • Promoting employee education and plan developments
  • Financial Wellness
  • Employee inquiry support
Group Benefits Diagram
Group Benefits-02

01: Implementation Guidance

  • Benchmarking to US or Global Plans and Canadian market practice, and current trends
  • Financial Analysis of total estimated costs
  • Education on differences between Canada and other countries
  • Assess and prepare applications
  • Review implementation timelines
  • Review proposed agreements
  • Participate in implementation meetings
  • Monitor progression
  • Ensure appropriate taxation at implementation
Group Benefits-03

02: Agreements & Plan Documents

  • Review accuracy of plan designs, modifications, certificates, and amendments
  • Provide feedback on all administrative agreements and contracts
  • If required, liaise between legal counsel and vendors (if required)
Group Benefits-04

03: Enrolment Assistance/ Communications

  • Communication strategies, creation, review & support, as requested
  • Onsite, in-person & recorded enrolment assistance
  • Ongoing regular employee education
  • Financial Wellness
Group Benefits-05

04: Financial Analytics & Reporting

  • Plan design review
  • Annualized forecasting projections
  • Pension Reporting Requirement guidance
  • CAP Guideline Reporting
  • Fund Performance Review and Recommendations
Group Benefits Diagram
Group Benefits-02

01: Implementation Guidance

  • Benchmarking to US or Global Plans and Canadian market practice, and current trends
  • Financial Analysis of total estimated costs
  • Education on differences between Canada and other countries
  • Asses and prepare applications
  • Review implementation timelines
  • Review proposed agreements
  • Participate in implementation meetings
  • Monitor progression
  • Ensure appropriate taxation at implementation
Group Benefits-03

02: Agreements & Plan Documents

  • Review accuracy of plan designs, modifications, certificates, and amendments
  • Provide feedback on all administrative agreements and contracts
  • If required, liais between legal counsel and vendors (if required)
Group Benefits-04

03: Enrolment Assistance/ Communications

  • Communication strategies, creation, review & support, as requested
  • Onsite, in-person & recorded enrolment assistance
  • Ongoing regular employee education
  • Financial Wellness
Group Benefits-05

04: Financial Analytics & Reporting

  • Plan design review
  • Annualized forecasting projections
  • Pension Reporting Requirement guidance
  • CAP Guideline Reporting
  • Fund Performance Review and Recommendations
Group Benefits-06

05: Employee Engagement

  • Monitoring trends and developing communication strategies
  • Event planning and project management
  • Promoting employee education and plan developments
  • Financial Wellness
  • Employee inquiry support
Group Benefits-07

06: Day-to-Day Support/ Impromptu Tasks

  • Eligibility concerns
  • Plan inquiries
  • Withdrawal inquiries
  • Account management issues
  • Insurer customer service inquiries
  • Miscellaneous inquiries
  • Insurer performance management
  • Special requests/projects (as directed)
  • HR department support
Group Benefits-08

07: Annual Renewal Review & Strategy

  • CAP Reporting
  • Pension Reporting
  • Proposal construction, review, and execution
  • Fund Fee reduction negotiations
  • Annual review
Group Benefits-09

08: Compliance Maintenance

  • Provide relevant information and expertise
  • Compliance review
  • Retirement program reporting and CAP guidelines
  • Ongoing tax reporting support
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Group Benefits

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