No. The employer is not required to contribute to the VRSP. Their responsibility is simply to offer the plan to employees and ensure its setup with an authorized administrator.
The Voluntary Retirement Savings Plan (VRSP) is a group retirement savings plan offered by your employer and managed by an authorized administrator. It allows you to automatically set money aside for your retirement without any extra effort on your part.
With a VRSP, you benefit from systematic savings for your future, even if your employer is not required to contribute. Once the plan is set up in your company, you are automatically enrolled. Simply contact an authorized manager, such as those at J. G. Fortin, to get more details.
Secure a peaceful retirement with a VRSP, the simple and effective solution to prepare for the future!
Choosing a Voluntary Retirement Savings Plan (VRSP) is not a random decision. Although all authorized VRSPs comply with the same basic rules, some stand out because of the quality of their support, management fees, online management platforms, or investment options offered to employees.
To make a good choice, it is important to:
Compare administrators authorized by the Autorité des marchés financiers (AMF);
Evaluate the management fees applicable to contributors;
Check the ease of implementation and support provided to employers;
Consider the flexibility of the savings options offered to employees.
An authorized manager like J. Gérard Fortin & Associés can guide you through these steps, help you understand the differences between plans, and assist you in choosing the one that best fits your business and your employees.
Yes. When an employer implements a VRSP in their company, eligible employees are automatically enrolled unless they choose to opt out.
No. The employer is not required to contribute to the VRSP. Their responsibility is simply to offer the plan to employees and ensure its setup with an authorized administrator.
You need to contact an authorized administrator, such as J. G. Fortin. The complete list of registered VRSP plans is available from Retraite Québec and the Autorité des marchés financiers (AMF).