Plan Design
Review & Consulting
Employee Retirement
Plans
Executive Retirement
Plans
Communication Seminars
For your retirement benefits plan to be truly effective, it must be connected to the objectives of your organization.
Our retirement plan design process ensures the appropriate product selection
for your individual needs. We also ensure that your plan is compliant
with the Capital Accumulation Plan Guidelines published by the Joint Forum
of Financial Regulators and provincial & federal legislation.
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One of the primary aims of OMG Benefits Consulting is to enhance the value you realize from your existing retirement plans.
We evaluate existing programs against comparative benchmarks to ensure you are receiving good value. The criteria for these comparative analyses include investment offering, fees, technology, financial strength and education and asset allocation tools.
In the event a full market search is warranted, we can independently
access the market to identify the most appropriate service provider.
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There are a variety of products available in the market place that may be utilized for a corporate retirement plan.
Deferred profit sharing plans (DPSP), defined contribution pension plans (DC), defined benefit pension plans (DB) and group registered retirement savings plans (RRSP) are the most common vehicles seen today.
Each has its own unique features to accommodate different objectives.
Owens MacFadyen Benefits has extensive experience and expertise in each
of these products. Because of this, we can provide you with recommendations
that are the outcome of a complete product analysis matched against your
organizational objectives.
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Unique issues arise when considering how to design retirement plans for your higher income employees and/or owners.
The solutions to these issues often involve products or programs that
differ substantially from those utilized for mainstream benefits.
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We will coordinate and facilitate group and individual sessions to:
- Communicate or re-communicate programs
- Inform employees about services and software available to assist with retirement planning issues
- Evaluate retirement options
- Explain changes in programs or legislation
We will also assist you with government reporting requirements and provide
periodic reviews to ensure the plan is meeting expectations.
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