Forward Thinking. Future Facing.

DBA’s comprehensive Group Retirement Savings Plans, including pension plans, registered retirement savings plans (RRSPs) and deferred profit-sharing plans (DPSPs), are among the most mutually beneficial, cost-effective options available. Clients who work with us can confidently show their employees that they not only care, but that they are focused on building a great future together. 

Enhance Employee Recruitment and Retention

With the right Group Retirement Savings Plan, DBA makes it easier to attract and retain top talent. In today’s competitive workforce, a robust and compelling package will not only attract candidates, but also motivate them to remain loyal to your business in the future. Experience the transformational benefits of choosing the right plan, including reduced training costs, improved morale and motivation and efficiency among your staff.

The DBA Approach to Group Retirement Savings Plans

To help you get the most out of a savings plan while reducing costs, we get to know your business and work carefully to ensure we provide the best solution for your needs. Our approach includes:

  • An in-depth analysis and review of your existing retirement/savings strategy
  • Attentive, creative planning to ensure maximum return for minimal investment, both in terms of employee contributions and your business’s
  • Ongoing support services and education for employers and employees to ensure superior plan performance
  • Administrative services to minimize implementation costs
  • A commitment to maintaining full compliance

Group Retirement Savings Options

Secure a brighter future with DBA’s group savings solutions:

  • Group Registered Retirement Savings Plans (Group RRSPs)
  • Registered Pension Plans (RPPs)
  • Deferred Profit Sharing Plans (DPSPs)
  • Plan Compliance

Reach out to us today to learn more about how we handle Plan Compliance at DBA. We are always happy to answer your questions!

Investment Opportunities

Since funds come off at source, higher amounts get deposited into the plan, also reducing costs to each individual member. At DBA, we cater Group Retirement Savings Plan options to your specific goals and requirements. Whether you wish to improve engagement among new candidates, alleviate the long-term financial concerns of your employees or otherwise, there are plenty of ways we help you ensure total peace of mind. Retirement should be something everyone looks forward to – and we take pride in helping businesses shape a brighter future.

Full Compliance

Being in business ourselves for over 40 years, DBA understands the importance of having a plan that adheres to your operational needs. Our savings plans feature a vigorous compliance check process to ensure there are no unexpected complications. Leading with our service-centred approach, DBA maintains a balance of cost-effective implementation and improved earnings potential for employees.

Types of Group Retirement Plans

Here are the types of Group Retirement Plans to consider for your business

Group Retirement Savings Plans (Group RRSPs) allow employers to offer at source deductions for staff and the employer, which provides an easy mechanism for bulk contributions into a plan.

At the same time, Group RRSPs allow members to take advantage of lower fees when compared to individual RRSP plans, meaning that members are able to keep more of the gross returns, leaving more funds in their account.

Additionally, this type of plan allows for equitable options for all members, as each individual, regardless of invested assets, has the same access to boutique investment firms, which are typically only available to high net worth investors when investing individually. These members also have access to the same suite of services, regardless of tenure or asset base.

Lastly, Group RRSPs are eligible for the Home Buyer and Lifetime Learning Plan, much like the individual version.

A Registered Pension Plan (RPPs) is a group savings option that is designed to last through retirement. RPPs are great options for employers who want to provide for employees while ensuring that contributions are made towards members’ retirement plans. There are two types of RPPs: Defined Contribution Pension Plans and Defined Benefit Pension Plans.

Defined Contribution Pension Plan

A Defined Contribution Plan is a Registered Pension Plan that is formula driven based on tenure and salary, and creates a guaranteed income stream for as long as the member is alive. It works much the same as a Group RRSP, in that there are investment options and a defined amount that the employer and employee contribute on a regular basis.

Much of the features associated with a Group RRSP remain such as comprehensive services available to all, reduced fees, and streamlined contributions. One key difference is that it is restricted while employed, and with few exceptions, must be used for retirement purposes. As such, it is not available for the Lifetime Learning or Homebuyer Plans.

Defined Benefits Pension Plans

Most Defined Benefit Pension Plans also have survivor benefits for spouses and children. As they are retirement specific, Defined Benefit Plans are also not available for the Lifetime Learning or Homebuyer Plans.

Deferred Profit Sharing Plan (DPSP) is a group savings option available to all for-profit companies. Unlike a group RRSP, a DPSP does not create a taxable benefit when employers contribute, but still maintains other features found in a Group RRSP.

These features include streamlined contributions, reduced investment fees and consistent services and options for all plan members. In many cases, funds in a Deferred Profit Sharing Plan can also be made available for the Lifetime Learning and Homebuyer Plan.

A Deferred Profit-Sharing Plan is a great option for employers who want to provide a plan that mirrors a Group RRSP, without creating a taxable benefit.

Plan Compliance is something we take quite seriously at DBA. Plan Compliance includes ensuring that the plan that is put in place meets with the CRA guidelines when annual filings are required, as well as ensuring that Capital Accumulation Plan guidelines are met. This includes providing a wide range of investments and following this service model:

  • Annual Review with Plan Sponsors
    • In accordance with Capital Accumulation Plan (CAP) guidelines: CRA considers adhering to CAP guidelines to be the responsibility of employers who offer group savings plans to employees
    • Analysis of fees paid (called Investment Management Fees or IMF’s), ensuring that they are competitive
  • Information Sessions with the Staff (once per year at a minimum)
    • Meetings are conducted onsite at all client locations
    • Review of plan highlighting:
      • Reasons to invest and market trends (both long term and current)
      • Explanation of funds and various options available
      • Benefits of the plan and how to maximize its utility
    • Content in presentation is targeted towards staff demographics
  • One-on-One Sessions with Plan Members (as requested)
    • Meetings scheduled around convenience of plan members (At their office/home etc.)
    • Topics include:
      • Retirement planning (incorporating CPP/OAS and other government programs)
      • Investment advice
      • General inquiries

Other Ways DBA Can Help

Group Benefits

We empower your organization to stand out from your competitors, attract talent and reduce costs. Our personalized approach to group benefits takes a holistic look at your needs in order to provide you with the right solution that fits your budget.

Life Insurance and Living Benefits

DBA is proud to provide comprehensive life insurance and living benefits that are reflective of today’s world. We offer a variety of affordable options that cover all of your needs and grant you the certainty that you can overcome life’s unexpected challenges.

Wealth Management

DBA is a full-service financial services provider, led by our in-house CFP. Because we are fully licensed with all providers, our clients can enjoy having investments at several sources while maintaining a single point of contact for expert advice and planning.

Administrative Services Only

Save on administration and inflation costs with our ASO services. If you are looking for a more flexible and cost-effective approach to traditional insurance, you can trust DBA to deliver.


Since our humble beginnings in 1977, we’ve made it a priority to put the needs of businesses and their people first, in a way that balances value with convenience and practicality.

We deliver the best solution for your business by getting to know you, learning about specific pain points and priorities, and how your current package is addressing them. DBA provides value-driven solutions that help your business boost employee retention, productivity, morale and satisfaction.

Get a Free Benefit Audit

Secure the Future for Your Employees and Their Loved Ones

At DBA, we know that building the right savings plan be daunting. We are proud to provide clients with a wide selection of options and the tools they need to make valuable decisions for their organization. Our team will guide you through the process at every step.

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