Why should sign up for the group rrsp


Question: You are the HR coordinator for a small business that has a group RRSP, an employee asks you why they should sign up for the group RRSP rather than just set up an individual RRSP. Which of the following things would you tell them? a. That all the information is located on the company website b. Those group RRSPs work essentially the same as an individual RRSP however fees tend to be lower because of the buying power of the group which in turn benefits the employees c. That there is no benefit to them as an employee; it's just an easier plan for the employer to administers

 

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