Employee benefits · Toronto & Ontario
Most employers begin with one area and add others as the business grows. This page explains what each one is, the need it addresses and when it tends to be worth exploring.
Insured health, dental, life and disability protection for eligible employees and their dependants, under a policy with an insurer.
A defined annual allowance each eligible employee can put toward eligible healthcare expenses. The employer sets the amount and the rules.
Employer-supported retirement savings through a Group RRSP, DPSP or pension plan, with contribution rules the employer chooses.
Benefits and arrangements designed for specific senior roles, including Retirement Compensation Arrangements, rather than for the workforce as a whole.
A quick way to see which conversation fits. Details depend on the insurer, provider and plan; this is the shape, not the fine print.
| Group Insurance | Spending Accounts | Group Retirement | Executive & RCA | |
|---|---|---|---|---|
| Who it covers | Eligible employees and dependants, by class | Eligible employees, by class | Eligible employees, by class | Specific individuals |
| What drives the cost | Insurer premiums, repriced at renewal | Claims actually paid, capped at the allowance, plus fees | Contribution rules the employer sets | Depends on the arrangement |
| Who carries the risk | The insurer | The employer, up to the allowance | The employee, on investment outcomes | Depends on the arrangement |
| Typical first step | Group insurance meeting | Spending account conversation | Group retirement meeting | Executive benefits enquiry |
These are the questions a first conversation with Your Friend With Benefits works through, whichever area you start with.
Prefer to start from your situation rather than a service?
