IMPORTANT NOTICE: As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. It will take some time to update our websites, materials and forms, so until we’re done, all references to Great-West Life or London Life are to be understood as referring to The Canada Life Assurance Company.
Group retirement plans for small businesses
Your organization is unique. You have your own set of standards, goals and perspectives. That’s why we take an individual approach to your group retirement and savings plan needs.
Performers: A simplified plan for small businesses
Offering a group retirement and savings plan to your employees has never been easier.
Performers makes it possible
What many small business owners once considered beyond their reach, is now possible with Performers. It’s designed specifically for small businesses like yours, and best of all there’s no setup fee or ongoing administration costs to your company.
Performers works with your budget
It’s easy to get started and to administer
Investments are professionally managed by world-class investment managers
There are two primary Performers plans: a group registered retirement savings plan (RRSP) and a deferred profit sharing plan (DPSP). We also offer a group tax-free savings account (TFSA) to supplement either of the primary plans.
Performers offers your employees many benefits
Generally lower investment management fees than retail investment options
An easy way to save – with convenient payroll deductions – and potentially reduced personal income tax
Convenience of managing their savings online or by phone
Access to a variety of tools, resources and information on how to achieve retirement and savings goals
Investments that suit your needs
Through Great-West Life you have access to two types of asset allocation fund solutions: Continuum Target Risk and Continuum Target Date asset allocation funds. Both offer plan members the expertise of professional investment managers, the power of diversification and the simplicity of a single fund. These funds are an excellent choice for members who aren’t interested in creating their own portfolios or managing and monitoring their investments on a regular basis.
On the other hand, some members may want to create their own portfolios. Instead of (or in addition to) asset allocation funds, members can choose from a guaranteed interest account with one-, three- and five-year terms and a daily interest account.
Performers also includes a select group of 17 individual funds from a variety of investment managers for a complete range of investment options.
Simplified plan governance
While there are certain responsibilities that come with offering a group retirement plan, Performers is designed to simplify the process, and to help ensure your plan is always compliant with capital accumulation plan guidelines. We review all business practices and member touch points to ensure we meet applicable privacy legislation as well.