Group retirement for Canadian employers.
Already have a group RRSP or DPSP? Understand what's working, what support your people receive, and which changes are worth considering.
Independent. Family-owned. Canadian.
RiskX has worked with Canadian employers since 1994. Gordon and Jarod lead a brokerage that coordinates plans, explains the details, and discloses compensation in writing.
Meet the people behind RiskX
CanadaRiskX is an independent, family-owned Canadian brokerage founded in 1994. For an employer that already has a group RRSP or DPSP, RiskX helps make the current plan understandable: what people receive, what support is available, and which changes are worth considering. A review can confirm that the existing arrangement still fits. It does not assume the provider will change. The employer keeps plan decisions and oversight. Group retirement is coordinated for employers across Canada outside Quebec.
The plan you already have.
A group RRSP or DPSP that is already in place was a good step. Understand what people receive, what they pay, and whether the arrangement still fits.
Start with the plan you have
Look at fees, service and the support employees can use. A review can confirm that the current arrangement still fits.
Make the questions plain
What do people contribute, what does the employer contribute, and where can they get help with the plan?
Keep compensation visible
Fees and how RiskX is compensated belong in writing. The employer keeps plan oversight.
Fictional retirement booklet example. The inside pages show four topics an employee might need explained; actual materials depend on the plan and agreed support.
What lower turnover could save.
A group RRSP may be part of a retention strategy. See what a 20% drop in turnover would mean in dollars for your organization. This is a scenario, not a predicted plan outcome.
Your assumptions
Number of employees75
Average salary$70,000
Current turnover rate13%
Use your organization’s annual rate if you know it. The starting rate is only an example.
Historical Canadian data, not a current industry benchmark. Includes quits, layoffs and other exits. Statistics Canada source (opens in a new tab)
Cost to replace an employee75% of salary
Turnover scenario10.4%
Automatically calculated as 20% below the current rate. This is an illustrative assumption.Your 20% lower-turnover scenario
Estimated cost at 13% turnover$511,875
Estimated cost at 10.4% turnover$409,500
Illustrative gross savings before plan costs. The 20% turnover reduction is an assumption, not a measured or predicted effect of a group RRSP. Not all turnover is preventable.
How the example is calculated
75 employees × 13% turnover × $70,000 salary × 75% replacement cost = $511,875 per year. At 10.4% turnover after a 20% reduction: $409,500.
These are assumptions, not a forecast of plan results.
Choose the right starting point.
Review the group RRSP or DPSP you already have. A first plan is here when the company does not have one yet.
Review your Group Retirement plan
Look at fees, service and the support your people receive. A closer look can confirm what is working, or show a change worth considering.
Review your existing planStart a Group Retirement plan
Explore a new Group RRSP or DPSP when the company is setting up its first plan.
Explore a first plan
The family behind RiskX. Meet Gordon and Jarod.
Help people understand the plan.
A group RRSP or DPSP is easier to use when the explanation is plain and the employer knows who can help.
Plain language for employees
Contributions, employer amounts and where to get help should be understandable.
A team the employer can reach
Gordon and Jarod lead RiskX. The employer can reach the team, and plan support is agreed for each situation.
Costs in writing
Ask what the plan costs and how RiskX is compensated. The employer keeps plan oversight.