Group retirement for Canadian employers

Get more from the group retirement plan you already have.

We work with Canadian companies that already offer a group RRSP or DPSP. We help you look after the plan you have: what it costs your people, how well they understand it, and a written record of it all. No extra cost to your company, and nothing has to move.

Colleagues gathered around a table discussing documents.

Family-owned. Canadian. Since 1994.

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
Since 1994Family-owned Canadian brokerage
CanadaGroup Retirement across Canada, outside QuebecComing to Quebec in 2027
WrittenFees and compensation disclosure

Your plan was a good decision. Is it still working the way you meant it to?

In September 2024, CAPSA, the association of Canada's pension regulators, rewrote its guideline for plans like group RRSPs and DPSPs for the first time in twenty years. It's guidance, not law. It recommends that the employer keep looking after the plan after it's set up, even when a provider does the work. Three questions are worth a clear answer.

Do your people understand it?

The guideline recommends ongoing education after people join. Taking the match isn't the same as knowing why the plan is there and what the match is worth to them.

Are they getting what they pay for?

Fees come out of employee accounts every year, so they don't show up anywhere you'd normally look. The guideline recommends reviewing fees from time to time, with value in mind.

Is anything written down?

Who does what, when fees were last reviewed and what you decided. The guideline recommends keeping records, and a short written one shows the plan is being looked after.

If any of these is hard to answer, that's what we help with.

Source: CAPSA Guideline No. 3, September 9, 2024, sections 1.3, 2.3, 3 and 6.2. What the guideline says for group RRSPs

What working with RiskX looks like

A review is where it starts. After that, we take the legwork off your plate, and the decisions stay yours.

A free review, in dollars

What the plan costs your employees each year, what support they get, and what's worth changing, if anything.

Your plan's governance, written down

Who does what (your provider, your company and RiskX), tracked fee reviews, and what you decided and when you'll look again.

A printed booklet for every employee

In your company's name, at no charge to your company. It explains the plan, the match in dollars each pay, what it costs and where to get help from your provider. We print it because a booklet at home is easier to find than an old email. HR can add or remove anything, and we send copies for new hires.

Help for HR

A few check-ins a year, education sessions and onboarding, and answers to the questions employees bring to HR.

A yearly review

Each year we meet with you to go over costs, support and your goals, and we write down what you decided.

A service agreement, and our pay in writing

The agreement says what we do and when. Each year we tell your company in writing, in dollars, what RiskX was paid.

See everything that's included

Sample cover of a RiskX employee retirement booklet, made for a fictional employer
Sample cover for a fictional employer. Each client's booklet carries its own company name and plan details.

How we start

  1. Send us your fee page.

    The page or statement that shows your plan's fees is enough. That's usually your provider's fee disclosure or a recent member statement. No employee records, no payroll files.

    Email it to gordon@riskx.ca.

    Can't find it? Whoever handles payroll deductions can usually get it, or call us and we'll help.

  2. We go through it with you.

    We put what your employees pay in dollars, look at the support they get, and tell you plainly what's worth changing. If your plan is priced well, we'll tell you.

  3. You decide what happens next.

    Keep your provider and make RiskX your plan's broker with a short letter on your provider's form. Nothing moves. Then we print your booklets, write up your governance record and look after the plan with you. If a move ever makes sense, it's a long-term decision, and it's yours.

The review costs your company nothing. RiskX is paid by the plan's provider, out of the plan's fees, and we tell you what we'd be paid before you agree to anything.

What a fee difference is worth

About $104,000 less by 65

For one employee saving $500 a month from age 30, in a plan charging about 2% a year instead of about 1%.

An illustration, not a forecast or a quote. It assumes 6% a year before fees from age 30 to 65, giving about $554,000 at 1% against about $450,000 at 2%.

It's not only about the lowest fee. It's what your people get for what they pay. Your plan may already be priced well, and a review tells you whether it is.

Who you'll work with

RiskX is a family-owned Canadian brokerage, founded in 1994 and focused on group retirement plans for employers. Gordon and Jarod Smith lead it, and you'll talk with one of them about your review. Day to day, the RiskX team looks after you.

Group retirement is our focus

Group RRSPs and DPSPs for employers across Canada, outside Quebec. We work best with companies that see their plan as part of looking after their people, and we set up first plans when that's what's needed.

We work with your current provider

We're not tied to any one provider. Changing your plan's broker doesn't have to mean changing your provider.

What we don't do

We don't give investment advice or pick funds. Your provider's advisors help your people with that, where your plan offers it. We help your company and your people use the plan you have.

Questions employers ask first

What if our plan is fine?

Then we'll tell you. A review can confirm the plan you have is working.

Do we have to switch providers?

No. We work with the provider you already have. Some employers reprice, and some only change the plan's broker.

Is CAPSA's guideline the law?

No. It's guidance from Canada's pension regulators, not law. It describes good practice for looking after a plan like yours. We take the legwork off your plate, and the decisions stay yours.

Let's start with the plan you have.

One conversation, free to your company. You decide what happens next.

Don't have a plan yet? We set those up too. See how a new plan works