Plan types

To choose the right group retirement savings plan, the first step is determining the needs of your business and your employees.1

Your needs

Key features of six group retirement savings plans
You want to...RRSPDPSPSPPDCPPTFSAVRSPESPP
make contributions to your employees’ pension plan Included Included Included Included Included Included Included
lock in funds until retirement Not included Not included Included Included Not included Included Included
increase your contribution when an employee increases his or hers Included Not included Included Included Included Not included Included
make contributions only if your company makes a profit Not included Included Not included Not included Not included Not included Included
adjust your contributions based on employee performance Not included Included Not included Not included Not included Not included Included
give your employees immediate ownership rights to your contributions Included Included Included Included Included Included Included

1. This text is for information purposes only. Refer to the policy for all conditions, exclusions and restrictions.