SERVICES

Group Retirement Plans

Group Retirement Plans

ICBA Benefits has the right retirement plan for every company and situation. Whether you own a business or are looking to offer retirement plans for your employees, we’ve got you covered. Our group retirement plans are straightforward and designed to set your employees up for an easy transition into retirement.

Why provide a retirement plan?

  • Recruit high-performing employees
  • Retain valuable staff
  • Create a stronger bond between workers and the company
  • Reduce tax

Empower employees to create a better future: Designed for workers, the program delivers actionable information in easy-to-access and relatable ways

For Your Employees

With a Group Retirement plan, enhance your overall benefits and compensation package in a tax-effective way and set yourself apart as an employer of choice. It’s simple to set up, requires very little maintenance, and our insurance carriers provide expert monitoring of investments.

  • Choose the plan that best fits your business
  • Decide on the contribution model
  • Proceed with a straightforward plan setup

Our group retirement plans with insurance carriers require very little ongoing administration. As a result, fund management fees are also much lower than typical retail products. In addition, our insurance carriers provide expert investment monitoring, easy employee access to online financial tools, employee education pieces, and high-quality fund statements.

For Company Owners

Although owners and high-level leaders can participate in a group RRSP program, the better solution might be to establish an Individual Pension Plan (IPP).

An IPP can provide higher pension benefits for small business owners and executives who meet specific criteria. In addition, with an IPP, there is the potential to save more for retirement because the contribution limit is higher than an RRSP.

What it does:

  • Allows for higher deductions than an RRSP
  • Provides for additional deductions through the recognition of past service
  • Creates a more considerable retirement income for the executive/owner
  • Provides inexpensive and simplified administration
  • Makes funds creditor-proof

What Our Clients Say

  • Being able to offer these types of benefits has been an integral part of us recruiting and retaining employees. It gives me comfort knowing that I have a team of ICBA professionals behind me that not only have my best interests at heart but those of my employees.

    Building LogoLaura StantonAWG Northern Industries
  • Our company did not fit inside the typical insurance needs box, and the ICBA team found solutions that work perfectly for us. Anytime we have concerns, we have support from their team. We happily recommend ICBA Benefits!

    Building LogoWerner FriesenBert’s Electric
  • Not only was ICBA Benefits able to find a more viable solution for us from a cost perspective, but they provided us with a detailed report that outlined how our plan design measured up in comparison to the industry, and they brought to our attention some deficiencies our prior plan had that we didn’t know existed.

    Building LogoMike KaskRDM Enterprises Group
  • Our employees are our most valuable asset… they get comprehensive coverage and great customer service, and we get the benefit of accessing a growing and thriving benefits pool, with the flexibility of the hour-bank model.

    Building LogoRon ChambersChambers Electric
  • ICBA is always there to provide professional and friendly service and support with our benefit plan needs. They know our business and bring their expertise to ensure that our benefits solutions are tailored to the needs of our staff.

    Building LogoSteve LuxBrighter Mechanical
  • Since placing our business, and through our many dealings with ICBA staff and management over the years, we have come to appreciate their expertise, the diverse range of products they offer, and their extremely competitive premiums. The team at ICBA Benefits continues to exceed our expectations.

    Building LogoScott JacobJacob Bros Construction
  • We received a very detailed plan comparison, and ICBA took the time to come to our office to explain all the differences, similarities and provided us with information on which plan would be more beneficial to us. After a short discussion, we made the decision to move over to ICBA Benefits, and the onboarding has been extremely smooth.

    Building LogoTammy AyreJohnston Davison Architecture + Planning Inc.
  • The commitment to client service and availability that the team at ICBA Benefits has demonstrated over the years has been extremely useful. I would happily recommend as a benefits solutions provider to any corporation.

    Building LogoStacy KoehlerCarbert Waite LLP
  • Year after year, in addition to the up-to-date industry knowledge they provide, they have consistently proactively found cost savings measures in balance with providing great service and benefits to our company and employees.

    Building LogoSarah PurdyStoughton Fire Protection Ltd.
  • ICBA administers our site benefits plan and partner closely with us. We are incredibly appreciative of their responsiveness and prompt customer service whenever we have needed assistance.

    Building LogoDave PearsonBeedie
  • ICBA has always been honest, forthcoming and has had very valuable insights in navigating our needs with respect to the health benefits for our employees. As a small business owner, the world of insurance and benefits is often difficult to navigate. With the support and fantastic client service provided by ICBA, we have found what we feel is the best solution for our business.

    Building LogoDavid PastorAxis Mechanical Ltd.
  • For the past 8 years, ICBA has proven to be a high-quality benefits management company.  They offer efficient and friendly customer service whether it be for a small question or larger issue, you can depend on their professionalism.

    Building LogoLeslie BrachmanDeaf & Hear Alberta
  • As a small business owner, I appreciate the time and dedication ICBA takes to make my team feel like family and not just a client. ICBA appreciates the value of my time and money, and I recommend you review their service offerings as they continue to do things right, time and time again.

    Building LogoDoug ThubronNBI Solutions
  • The time was taken to understand the uniqueness of our organization and what our specific needs were. ICBA has continued to monitor our plan and make adjustments as necessary to provide the best value in coverage and costs for us and our employees.

    Building LogoRon UhlenbergRidley’s Cycles
  • ICBA is consistently timely and responsive to questions, as well as helpful with staff transitions. Their ability to assist with working out benefits for LTD and negotiating a good price for our benefits package has been remarkable. Their positive and caring attitude makes them a pleasure to work with at all times.

    Building LogoAndrea SilvermanSagesse
  • ICBA is absolutely willing to make personal visits at any time so that our questions are answered and needs are met. I have had staff in my office gushing about how much they like the service provided… They are flexible, understanding, forward-thinking, and their customer service cannot be topped.

    Building LogoNoreen BarrosYouthLink Calgary Police Interpretive Centre
  • ICBA is always extremely helpful to both my benefits team as well as the employees that reach out to them directly, and I am and always will be extremely grateful for their customer support. They have proven themselves to be a fantastic group of people in terms of service and in making sure that our plan stays current and relative to the ever-changing times.

    Building LogoKricket TribeUnitech