Save more easily for your future with your employer's group retirement savings plan.
It's a savings plan, such as an RRSP or TFSA, that's offered by your employer and that you can contribute to directly from your paycheque. It has the same features as an individual plan but with additional benefits such as lower management fees and the option for your employer to contribute.
You'll generally pay lower management fees with a group plan than you would as an individual investor.
With certain plans, if you opt to have your contributions deducted from your pre-tax earnings, you'll get immediate tax savings on each paycheque. If your contributions are deducted from your after-tax earnings, you'll save when you file your taxes at the end of the year.
In most cases, your employer also contributes to the plan. This way, your savings grow even faster.
Contributing to a group plan makes it easier to build your savings because your contributions are automatically deducted from your paycheque. You can also make additional one-time contributions whenever you want.
You get access to all kinds of tools like articles and webinars to help you plan and manage your savings. And don't be shy! Our team is always available to answer any questions you might have.
You can opt for turnkey investment solutions or create your own portfolio. We have investment options that meet your needs.
Go to our secure site for group retirement savings or the Desjardins Omni mobile app and select Register. Have your group number and your plan member or employee number on hand. Contact your employer if you can't find them.
Then enter the required information to create your account. Once you've created your account, you can log in using your user ID and password.
Start by deciding what you want to save for. It could be for retirement, or for buying a house, doing renovations or going back to school.
Complete your enrollment by designating your beneficiaries, agreeing to the terms and conditions and setting your investment instructions.
Decide what amount or percentage of your salary you want to invest in your group savings plan.
Log in to our secure site for group retirement savings or download the Omni mobile app to manage your group plan:
Absolutely! You can use your group plan to save for all kinds of things, under certain conditions.
For all your other goals like saving for a rainy day, going on vacation or doing renovations, you can use your group TFSA.
Before setting your savings goals, check to see if these plans are available with your employer's group retirement savings program.
How can I plan my retirement finances?
The first step in making a sound retirement financial plan is establishing a withdrawal strategy. Once you retire, you can use the money you've saved, while continuing to grow your wealth for as long as possible.
We have payout products for group plans like group RRIFs, group LIFs, and annuities, as well as savings products like group RRSPs and group TFSAs, that generally have lower management fees than individual plans. You'll also have access to a wide range of investment options.
Contact us to learn more.
How can I transfer money from my individual RRSP or TFSA into a group plan?
Log in to our secure site for group retirement savings or download the Desjardins Omni mobile app. Select My transactions, then Transfer an account under Managing my account. Follow the instructions to complete your request.
You can also set up recurring contributions at any time. Select My transactions, then Contribute under Managing my account. It's a great way to save without even thinking about it!
Can I get help to enroll in my plan?
Yes. We'll help you with your enrollment.
When you begin, you'll have access to a detailed description of the available plans and investment options as well as a summary of your group retirement savings program.
We have a simulator that can help you set your retirement savings goals and your investment instructions. You can get investment recommendations based on your age, investor profile, goals and the funds available in your plan.
Our virtual assistant is there to guide you, and you can also contact us at any time.
I changed jobs. What happens to my savings in my group plan?
Once you leave your job, you'll receive a notice asking you to decide what you want to do with your plan savings.
One option is to transfer your savings into a Desjardins group retirement savings plan with the same advantages as your old plan: lower management fees than in an individual plan, a wide range of high-quality investment options, online tools and resources, and more.
Contact us to find out what your options are when you change jobs.
