Employee Pension Solutions

Defined Contribution or Defined Benefit Pension Plan

Tripemco Financial knowledgeable experts offer strategic advice on developing a customized defined contribution (DC) or defined benefit (DB) retirement plan so that you and your employees may save to achieve the desired financial security.
We Provide:
  • In-house plan administration
  • Assistance in settingup a retirement committee
  • Diversified selection of investment options
  • Actuarial and consulting services
  • Legalexpertise
  • Employee Financial Planning

Shared Pension Plan

This defined contribution pension plan is simple, inexpensive and allows small to medium – sized companies to offer a pension plan to their employees.

How it works

Several small amd medium sized companies are grouped together under one plan, thereby limiting administrative fees.
No need to hire an administrator and spend countless hours managing your plan we arrange for plan administration and keep abreast of regulatory requirements for you. You can then concentrate on growing your business!

Simple & Flexible

  • No sign up fees
  • Short and simple application form
  • Employer determines the percentage of contributions to the pension plan
  • Each member chooses the portfolio of funds in which to invest his/her contributions (in consultation with the employer)
  • Employer contributions are tax deductible and not considered to be additional salary.
  • Employer contributions exempt from Employment Insurance, Worker’s Compensation and Canada Pension Plan contributions.
  • Potential creditor- protected savings

Group TFSA

A tax-free savings account TFSA) is your accessible tax-sheltered way to save. You can invest up to $5,500 per year in an investment fund or GIC, without ever paying a cent in taxes on interest, dividends, capital gains orother revenue generated by your investments.
  • Unused contribution room carried forward indefinately
  • You can return the full value of any withdrawals from your TFSA in future years.
  • Neither earned income nor withdrawals affect Old Age Security, Guaranteed Income Supplement or the Canada Child Tax Benefit.
  • You can withdraw savings from your TFSA at any time.

Group RRSP

A Group RRSP enables employees to save for retirement by contributing to an RRSP through payroll deductions.
  • Convenient access to well-known fund managers through various underwriters.
  • Diversified selection of investments.
  • Employer and employee can both contribute.
  • Tax-deductible contributions.
  • Potential creditor-protected savings.
  • Reduced payroll tax deductions.

Our Service Commitment to You the Employer

  • The administrators of the plan handles all the administrative duties such as deposits, issuing of account statements, record keeping, etc.
  • Annual reports outlining the plan’s market value, fund performances, etc, are available.
  • We will assist with setting up a retirement committee and hold meetings as needed.
  • You will receive quarterly newsletters on pension regulation.
  • You can access your online account 24/7

Our Service Commitment to Your Employees

  • We will arrange for each plan member to receive a starter kit comprised of
  1. the Member Guide
  2. the Enrolment Form
  3. the Investor Profile Questionnaire
  4. Fund Information
  • They will receive semi-annual statements to track fund performance
  • They can also access their online account 24/7
  • Quarterly financial and economic notes will be available to them.
  • Group meetings available upon request providing
  1. Market overview
  2. Information regarding investment funds and their performance.
  3. Information on retirment planning.
  4. Access to fullsuite of online calculators, to better plan their retirement.
  • Fund analysis tools enabling them to make informed decisions, are also available.

Why choose Tripemco Financial?

Tripemco Financial provides flexible, secure and affordable solutions, along with:
  • Sound advice
  • Innovative products
  • Diversified selection of investments
  • Skilled, professional managers
  • Competitive performance
Tripemco Financial has been meeting the needs of its clients successfully for over 30 years. We constantly strive to maintain and cultivate this special relationship by offering you quality products and services.