Plan Design
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.
Review &
Consulting
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.
Employee Retirement
Plans
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.
Executive
Retirement Plans
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.
Communication
Seminars
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.