Initial Plan Design - Insurer - 1994

A public insurance company provides a defined benefit registered pension plan (RPP) based on income and seniority, a deferred profit sharing plan (DPSP) to reward individual and group performance. A non-registered employee savings plan (ESP) receives funds that exceed the annual contribution limit.

Observations

  • Interactive voice response systems have been supplemented with secure web access.
  • Administration is seamless between the DPSP and ESP.

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