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Group Retirement
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Secure your employees financial future while attracting top-tier talent, reducing your turnover rate, and boosting business productivity.

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4.8 Stars

What is Group Retirement?

A Group Retirement plan is arranged by an employer for employees as a workplace benefit. Contributions to Group Retirement plans are tax-deductible. This acts as an employee incentive. You’ll attract top-tier talent, reduce your turnover rate, and boost business productivity. Your employees will work harder knowing that their financial future is being protected by you.

Employee contributions are invested in pre-selected investments offered under the plan. Employers often match a percentage of those contributions. It’s a simple way for employees to save for retirement.

Why should I purchase Group Retirement for my employees?

Group fees are generally lower than purchasing individual plans. It’s also easier for employers to monitor and manage. Employee satisfaction greatly influences their job performance. Group Retirement helps you maintain workplace morale while reducing turnover rates.

Group Retirement attracts top-tier talent to your organization. When your employees feel that they are being taken care of, it incentives them to work hard and be loyal to the company. This is a plan that helps your employees build good habits that they can continue to use for life.

What are the advantages of Group Retirement plan?

Are you thinking about getting Group Insurance for your business? The pay off for this investment can be significant. You’ll get:

  • Comprehensive coverage for you and your employees
  • The cost of your insurance will be split amongst you and your employees
  • No strict eligibility requirements to receive basic coverage
  • Employees will feel cared for and productivity will rise
  • Reduce employee turnover rate while attracting top tier talent
  • Maximize tax compensation

Group Retirement is a smart investment for your organization. By investing in your employees, you increase morale, productivity, and reduce turnover rate.

How much do Group Retirement plans cost?

Employers must pay a minimum of 50% up to 100% of Group Insurance costs. Contributions towards Group Benefits are tax-deductible for the company.

Typically, contributions are divided equally amongst employees. Even with 50% cost-sharing, employees will end up paying less for benefits through group plans than if they were to purchase individual plans.

The cost of Group Benefits are mainly determined by the chosen benefits, the level of coverage you wish to purchase, the industry your company operates in, the location of your company, and employee demographics.

Our Reviews

Excellent4.8 ★★★★★ Ummi is always helpful and professional. She has been helping our family for all travel insurance over the past years.MargieMargie ★★★★★ Ummi is courteous and professional. Good job!Rod SetoRod Seto ★★★★★ Artmiz was very pleasant and helpful in providing the coverage needed for my trip.John CliffordJohn Clifford ★★★★★ Nice Dealing And Nice Explanation…Harman BasraHarman Basra ★★★★☆ I want to let everyone know that when you buy your insurance from Alliance, buy it from Dornaz. I have had 2 separate policies through her and can't say enough about her thoroughness, knowledge of the product and her customer service. It was pleasure dealing with her.Nola DyckNola Dyck ★★★★★ Great customer serviceJennifer PhillipsJennifer Phillips ★★★★★ I had a very good experience with Dornaz. She was very helpful and got my policy together quickly. I will certainly recommend her to my friends.Steve StaplesSteve Staples ★★★★☆ Thank you Theresa and Adam for your help with our travel insurance plans, for your timely assistance and the savings you were able to find for us.Yogashiatsuyucatan DonypaolaYogashiatsuyucatan Donypaola ★★★★★ Artmiz Namazi provided excellent service. She was very professional and took the time to explain the insurance coverage and answer all my questions. She is a great asset to your company and I will not hesitate to recommend her to my friends and familyChris DingsdaleChris Dingsdale ★★★★★ Artmiz was very helpful, friendly and informative. She really knows her subject and was ready to help in any way.Carolyn CassellsCarolyn Cassells ★★★★★ Theresa Heuser is professional and competent in the insurance process. A pleasure!Ronald BironRonald Biron ★★★★★ What a pleasure dealing with Ummi, who took all the pain out of purchasing Travel Insurance for my wife and I, who are both 80 year old Seniors. Sensitive and yet enquiring, Ummi guided us through the minefield of questions with the competant ease of an expert. Ummi was responsive to any unintended omissions and made sure there were no loose ends that could disqualify any future claim. We go on Holiday knowing that we have been professionally prepared with cover for Medical emergencies, if they should arise.John DawkinsJohn Dawkins ★★★★★ great service by the phone and email.h mh m ★★★★★ We bought Emergency Medical policy for our coming trip from Ummi Hanny. She was such a good help and responsive to all our questions, either by phone or emails. Such an excellent service, above and beyond our expectations!! Thank you!Jacob SteinbergJacob Steinberg ★★★★★ We booked travel insurance with Ummi Hanny for a river cruise we are taking this summer. She was very professional, responded quickly and efficiently to emails, calls and questions. Would definitely recommend her and Alliance/Allianz.Kathy CastleKathy Castle ★★★★★ It was a pleasure to deal with Artmiz. Very polite and Patient. Nice to deal with someone who knows and enjoys their job.Tom BrailsfordTom Brailsford ★★★★★ I just finished getting a tailored insurance package with the help of Ummi. I really appreciated the attention to detail and how knowlegable she was on the various packages. Ummi was able to get us an annual package for me and my wife that focused on our need for Trip Cancellation/Inturruption and also a single trip comprehensive package for our 3 grandchildren that will be traveling with us on our next trip. It was a pleasent experience. Ummi detailed the options and made recommendation that ensured we had the coverage we needed at the best possible price. This was all done over the phone and email and we received the comple package immediately after the purchase in our email. Thanks UmmiJeff LangJeff Lang ★★★★★ We were helped by Ummi Hanny she is very professional and helpful.Thanks for your understanding,Heinz KriegerHeinz Krieger ★★★★★ Ummi was our Insurance agent helping with getting medical and cancelation policy -she was very professional and knowledgeable and was able to get us a very reasonable insurance rates.Milos RudolfMilos Rudolf ★★★★★ Eric provided policy information, confirmed my personal details to ensure the policy would be correct, processed my payment quickly.Tracy HastingsTracy Hastings ★★★★★ I dealt with Ummi Hanny, oh my she was wonderful! She even laughed at my jokes. What a great first experience.Lise BeaulneLise Beaulne ★★★★★ Ummi. was very helpful and pleasant. Billwilliam rockwilliam rock ★★★★★ Our purchase of Allianz Emergency Medical Insurance through Alliance Income Services Corp was a breeze. Ummi and Mariam was a pleasure to work with. They were both very patient, knowledgeable, and efficient in presenting the various options available to us. Mariam did a lot of leg work comparing several insurance companies just to find a plan that suit our needs. Ummi then completed the processing of the policy effortlessly and made the process seamless. I would highly recommend anyone who needs an insurance coverage to speak to especially this two ladies.Danny ChinDanny Chin ★★★★★ My agent Artmiz was very helpful and provided me with a quote quickly. When I was ready to accept the quote she responded quickly and sent me all the necessary documents just as efficiently. Happy with my interactions.Stephanie RumbleStephanie Rumble ★★★★★ Eric and Bob were both extremely helpful and attentive to my needs.Paul CodyPaul Cody ★★★★★ Teresa was great. Addressed all my concerns.Robert CarterRobert Carter ★★★★★ The service given by Ummi Hanny was excellent- very pleasant, courteous and professional.Simin MeshginnafasSimin Meshginnafas ★★★★★ I had a top notch experience with this insurance broker. Eric Clementi was the person that helped me from the day that I asked for a quote online. He was very thorough with explaining every minor details that might be misunderstood between the client and the provider. Eric is very professional with his tone of voice which makes a potential client feel at ease. Nonetheless, I’ve tried different insurance broker, their monthly fees are way above the average, Alliance income Services Corp has the most decent fee for a family of five… it’s a bang for the buck kind of thing. Truly recommend this company. 👍Mark EngelMark Engel ★★★★★ Eric Clemente and Ryan were excellent to deal with. Both were very helpful , to the point , and curious .Michael BoudreauMichael Boudreau ★★★★★ Excellent service by Eric Clementi and Ryanmargaret burnsmargaret burns ★★★★★ Eric and Adam were very helpful with my travel medical insurance. Now I realize if I have to use this coverage that I will be in great hands.Bonnie SmithBonnie Smith ★★★★★ Hello...Eric was very easy to work with ....very polite....and set up my insurrance policy very quickly....thank you again Eric....Marsha Risser.Marsha RisserMarsha Risser ★★★★★ I ordered insurance for my husband and myself. It was a very easy process and was helped greatly by Eric and Dylan. Both were very diligent with helping me through it all. Very easy and quick.Marilee Van BuskirkMarilee Van Buskirk ★★★★★ It was a pleasure speaking with Eric Clementi. He was polite, understanding and considerate.Mohinder BangaMohinder Banga ★★★★★ I was quite happy to get excellent & friendly customer services from Artmiz - very helpful & knowledgeable!Bruce YeeBruce Yee ★★★★★ Great service from knowledgeable and very helpful people. Thank you Eric Clementi and Ezarie!Beverley HowickBeverley Howick ★★★★★ Eric Clementi is the manYunus PatelYunus Patel ★★★★★ I had to sign up for my own health and dental insurance. The staff at this company were quick to get back to me and provide suggestions on insurance plans. The sign up process was very easy to do over the phone. I communicated with Eric Clementi who was very professional and efficient.Muhammad KoyaMuhammad Koya ★★★★★ It was pleasure working with Mariam and Eric. We are seniors and trying to get a reasonable price for travel insurance.Fay BellefontaineFay Bellefontaine ★★★★★ I sent an email yesterday. They called today. Marion and Eric were excellent. Highly recommend this company. Rates are excellent tooAnnette ChisholmAnnette Chisholm ★★★★★ Eric was fantastic. Quick , easy and affordable.Tracey PeerTracey Peer ★★★★★ Eric was very professional and found the best plan for me at this time.Trev HutchinsTrev Hutchins ★★★★★ Eric Clementi was an absolute pleasure to work with. Very professional and courteous.Berit LysBerit Lysjs_loader

Types of Group Retirement in Canada

We offer different types of Group Retirement plans that allow your employees to choose their own investment mix from our wide selection of expertly managed funds.

Tailor your benefits to fit your company’s needs with our variety of plans. Whether you’re looking for a Group RRSP, a Group TFSA, or a Group Pension Plan, we have access to the best coverage for the best price.

Group RRSP

A Group Registered Retirement Savings Plan (RRSP) is an easy way to help employees save for their retirement. This plan has a minimal cost for the plan sponsor. Since the plans are not subject to provincial pension legislation, regulatory reporting is minimized and all the filings for the Canada Revenue Agency. Additionally, employee contributions are also tax–deductible and can be adjusted by the plan sponsor.

Group TFSA

A Group TFSA is a savings plan that many people combine with a Group Retirement plan. The goal of a TFSA is to help employees with their savings goals. You can also get a TFSA as a standalone plan. The income earned is tax-free and contributions are not tax-deductible. The annual contribution limit is indexed to inflation and unused contributions can be carried forward indefinitely for greater potential growth. If you withdraw from a Group TFSA, it does not affect eligibility for federal plans (Guaranteed Income Supplement and Old Age Security).

The plans are not subject to provincial legislation, so regulatory reporting is minimized. We complete all filings for the Canada Revenue Agency.

Group Pension Plans

Our Defined Contribution Registered Pension Plans (RPPs) allow plan members to receive the benefit of a secured retirement savings plan, while the plan sponsors control costs through tax-deductible, fixed contributions. RPPs are also known as money purchase pension plans. These require some government compliance and reporting.

How to Save Money on Group Retirement?

We want to help you save your money. The best way to save money on Group Retirement is to compare rates from multiple providers. This can be extremely time consuming. Luckily, Alliance Income Services Corp. does all the hard work for you! By simply requesting a quote online through our website, we check what rates you can get from every major Canadian insurer.

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Hire More Employees

Your premiums will be lower with the more employees you have working at your company. This is due to risk being divided across a larger pool of people.

Reduce Average Employee Age

The younger your workforce is, the less your Group Benefits will cost.

Adjust Benefits

Business productivity and company morale are improved when you show your employees that you care about them. However, to save the most money, it’s best to make sure the benefits you provide are needed and remove any redundant coverage.

Adjust Cost Sharing

Employees are already likely to pay less for employer coverage than for individual plans. Adjust your cost sharing to a percentage that makes the most sense for your company.

Get Group Retirement Quotes Now

Group Retirement Quote Form
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4.8 Stars
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