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Jim Laszlo, RRC®
Jim Laszlo, RRC®
Financial Planner

Group Benefits

Group Benefit Coverage

Group insurance protects people's financial security in one or more ways, such as offering low-cost life insurance or a dental plan for the self-employed. A group can comprise (or “be composed of”) members of an association, a company's employees, or professionals in a group, such as lawyers or doctors. Insurers realize that people belong to the group because of their field of work, occupation, or association. Thus, the group is removed from the acquisition of insurance due to a higher-than-normal health, work, or environmental risk.

Personalized Solutions for Your Specific Needs:

Putting our clients first, we seek the best plan for each sponsoring group while meeting their unique objectives. As brokers, we represent a wide selection of the top insurers. Group benefit plans are designed with the membership of the group in mind. We assess the needs closely to unify with an insurer with the most suitable coverage and price.

Row of people with different occupations

Group insurance plans can include a combination of coverages, including:

Other Advanced Plans include:

This information is intended to general educative reference only. This group material is not a specific piece of advice for any one situation as every solution is different.

Group Benefit Consulting

Your Group Benefits program should be as unique as your business. We can deliver specialized expertise and work effectively as an extension of your human resources department. Unlike a generic, off-the-shelf plan, your Group Benefits program is designed with your objectives.

What Group Benefits Services Do We Provide?

Communication of Industry Trends

With the changing face of the insurance marketplace, having our firm on your side is reassuring. We will keep you informed of all the latest group benefit trends and products and communicate with you in a variety of ways:

Your Group Benefits Plan

What we offer:

Note: This information is intended for general educative reference only. This group material is not a specific piece of advice for any one situation, as every solution is different.

Employee Retirement Plans

When your employees retire or are approaching retirement, they will need help through this period of change. Professionals are available to educate your employees about all available retirement income vehicles.

We can design your employee retirement plan to incorporate the following:

Group Retirement Options

We offer the expertise and services to ease the transition to retirement for your retirees:

Individual Group Investment Products

Whether making investment contributions to save for future expenses or retirement, the Group Investment Program allows you to take control of your personal portfolio and achieve your financial goals with peace of mind.

Note: This information is intended for general educative reference only. This group material is not a specific piece of advice for any one situation, as every solution is different.

Group RRSP Planning

An employer arranges employees to contribute to a group RRSP via payroll deductions. The level of contribution per year is decided by the employee, to be invested as specified by the administrator of the group RRSP account. The Group RRSP is managed according to investment selections in individual employee accounts. We discuss and analyze key factors that may affect your corporate retirement program.

Instant Tax Savings

With a group plan, the contributing employee gains similar benefits to a regular RRSP as contributions can be deducted from the employee's income, thus lowering his or her taxable income. A Group RRSP reduces taxes at source, allowing the employee to have a higher income issued by payroll.

Investment Options

Part of implementing an excellent Group RRSP plan is to have a wide selection of investments available for employees.

Fees

Group RRSP fees can be lessened because of the buying power of a group of investors, translating to better returns for the employee over time.

Administration

It is easy to add employees to a Group RRSP. If the company winds down the plan in the future, or if employees are terminated, they can move their money to their own individual RRSP plans. Conversely, pension rules are more strictly regulated.

Employee Vesting

Once the employee and/or the employer contribute to an employee's plan, the ownership is attributed to the employee.

Note: This information is intended for general educative reference only. This group material is not a specific piece of advice for any one situation, as every solution is different.

Group Retirement Service Providers will make sure of the following:

We offer careful analysis of pension and retirement vehicles as our Group Retirement consulting team applies their knowledgeable experience in the financial services industry, including the following areas:

Communicating with Your Employees

We can coordinate, develop, and deliver seminars for your employees.

Monitoring Your Program

We monitor your program so it continues to work optimally for you with respect to:

Reviewing Your Program

We will tender your Group Retirement program to several providers to ensure your arrangement is the best in the industry. Potential providers will present a complete analysis of competitive quotes.

Note: This information is intended for general educative reference only. This group material is not a specific piece of advice for any one situation, as every solution is different.