Services for Executive & Employee Groups

Group Benefits Design and Implementation

As part of a customized solution, our team can provide a wide range of group benefits valued by your employees. These include: health and dental, employee travel assistance, short and long-term disability insurance, critical illness, flexible benefits pans, life insurance and accident death and dismemberment coverage. Following implementation, we will periodically review your group plan to ensure it continues to meet the needs and preferences of your employees, while reflecting new opportunities and other changes in the marketplace.

Cost-plus coverage for designated employees
Small businesses and professionals can enhance dental and health benefits on a tax-effective basis through cost-plus coverage. Under a cost-plus plan, eligible health or dental expenses not covered under a standard program can be claimed by designated employees and deducted by the business. Instead of paying for personal expenses with after-tax dollars, with the top marginal tax near 46%, employees can pay a 10% premium for the same benefit. Our team can incorporate a cost-plus arrangement as part of your overall benefits plan.

Group RRSP and DPSP Design and Implementation

A group RRSP and deferred profit sharing plan (DPSP) program provides significant benefits to both employers and employees. In assessing the various options and money management strategies available for group RRSPs, many businesses seek independent advice. Our team has developed a Group RRSP Research Service, where members of our staff assist companies in evaluating and researching money management firms. Based on the findings, we will design and help you implement a tailor-made group plan for your employees.

Executive Financial Planning Consultation

As an executive benefit, many companies retain our team to act as personal wealth managers to the executive staff on a fee basis. We are trained to evaluate and provide ongoing consultation on every aspect of the executive's financial situation – from investment and retirement planning, to insurance, and estate and tax planning. We also assist companies in implementing executive compensation structures, such as individual pension plans, retirement compensation arrangements and other tax deferral techniques.

Employee Financial Planning Services

Employee financial planning workshops
Investment Planning Counsel gives companies the opportunity to offer their employees complimentary workshops on how to better manage their money. After attending a short presentation, followed by one-on-one consultations, the employee can quickly determine how they are doing with their personal wealth management strategy.

Retirement planning consultation for employees
Retirement is one of the most stressful times in an employee's life. People are faced with many options, have many questions and often don't know where to turn for assistance. Our team will not only conduct a series of retirement planning workshops for employees to address their questions, but will also spend time with each employee at retirement to help evaluate their personal situation and explain each available option.

Severance and Termination Consulting Services

One of the most difficult tasks a company faces is to lay off employees or force an early retirement. Although it is a necessary part of business, responsible businesses strive to make this process as constructive and painless for employees as possible.
Many companies retain our team to facilitate the process. We can help each employee evaluate:

their tax situation
severance options
how and where to roll over their pension, and
methods to derive income from options.