Confidently plan for the future

The JDB Group designs, supports and manages many sizes of group RRSPs and pension plans for our clients and their employees. Key to this success is an elevated commitment to service and education – ensuring clients have all the tools needed to manage staff communications, expectations and changing needs.

Consulting Services

  • Plan design and funding optimization
  • Governance oversight and compliance
  • Focus on regular reviews of investment options to identify any gaps and ensure that they meet the needs of their employees
  • Work collaboratively with client management and all insurance companies to implement changes
  • Monitor fee structures to ensure that they are in line with industry standards for asset size and mix
  • Produce customized and relevant employee communications
  • On-going updates on legislative or market trends
  • Provide guidance and assistance on mergers and acquisitions, and participate in any unionized Collective Bargaining agreement implementation
In Defined Contribution Pension Plans the contribution to the plan is "defined", not the benefit. There is no guarantee as to the amount of future benefits. The value of the Defined Contribution retirement income depends upon the accumulated contributions and the investment returns earned by these contributions.
In Defined Benefit Pension Plans the pension benefit the plan member receives at retirement is determined or "defined" by a formula that is usually based upon his/her age, length of service, and salary. Defined Benefit Plans may be entirely funded by employer contributions, or by both an employer and employee contribution.
Executive compensation is an agency contract between the organization and its employee that attempts to align the interests of the organization and employee by basing the employee's compensation (bonus, salary, benefits, memberships, etc.) on one or more measures of the manager's effort in operating the organization.
We can implement an employer-sponsored savings program, approved by the Canada Customs & Revenue Agency that permits tax deferred savings for retirement purposes. Contributions to a RRSP are tax deductible, and earnings on contributions are sheltered from taxes until they are withdrawn. Employers may wish to enhance the value they provide to employees by offering a Group RRSP in addition to, or in the place of a Group Pension Plan.
A savings plan where an employer may establish that employee and/or employer contributions are made on an after-tax basis. This type of plan may be attractive to employers who want to offer another savings vehicle to members who have reached their limit for registered investments.
With the advent of TFSAs, we can now establish group plans where employee and / or employer contributions are made on an after-tax basis, but the growth or interest on the account does not attract taxes.
A private pension plan, usually established by an employer on behalf of its employees to provide for their retirement years. With a defined contribution plan, the amount of the employer and employee contributions is fixed while the savings are accumulating. The actual value of the pension is not known until retirement. Studies have shown that employees typically view a pension plan as a valuable component of their overall compensation.

What our clients say

I have worked with JDB Group’s SBM team for almost 25 years. Their depth of experience provides excellent guidance to enable implementation of comprehensive coverage plans at competitive pricing. Over the past year we have been acquiring additional companies and trying to standardize levels of coverage. The entire SBM team assisted with the gathering of information on the current status of benefit and pension plans on-site at each location, researched records, analyzed the data and made recommendations. Implementation was perfect with no hiccups. The SBM team treat our business as if it was their own.

Rachel Pineault – Director of Human Resources, Canadian Operations