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Group Solutions

As the largest provider of benefit consulting and administration services to Central Alberta for more than two decades, you can take advantage of our flexible solutions to develop global and local health and group benefit strategies.

With over 310 business clients under our care, we have the depth of experience to help you design, implement, fund and manage a variety of wellness and group benefit programs for your organization. Finding the perfect employee is never easy. When you do find them, keeping them can be just as difficult. We know that a superior benefits package helps attract and retain top talent, especially in times of labour shortages and intense competition. We work with you to build a benefits package that will position your firm as a "company of choice" for employees.


FutureStep™ is a fully flexible group retirement savings plan, designed by Manulife to meet the distinct needs of small-business owners. A Group Registered Retirement Savings Plan (RRSP) that includes a Deferred Profit Sharing Plan (DPSP) option, FutureStep provides employers great choice and flexibility.

Employers who want to help their employees save for retirement, without enduring the administrative burden of managing a complex pension plan, find FutureStep meets their needs. Combining best-of-class investments, education and online services into a cost-effective structure, FutureStep is easy to set up and manage.

Employees also benefit significantly from their plan membership. By contributing to a FutureStep Group RRSP, employees enjoy reduced taxable income, which in turn increases their savings. As well, employees pay lower investment management fees (IMFs) with FutureStep – allowing them to build greater retirement income for the future.

Choosing FutureStep for your company also entitles you to a variety of plan services that are usually only available to large companies. These services include:

  • Your investment funds are monitored by Manulife’s comprehensive i-Watch® program and covered by the Certified Diversified® warranty program,
  • Access to Manulife’s secure website and toll-free support,
  • Award-winning enrolment and education material,
  • Top-rated member account statements, and
  • Access to the Steps Retirement Program®.

FutureStep can help you stand out as an employer of choice and support your efforts around employee attraction and retention. For more information, please speak to your advisor.

What is a Registered Retirement Savings Plan (RRSP)?

A Group Registered Retirement Savings Plan (Group RRSP) helps plan members save for retirement by deferring income tax on their contributions and savings growth. Employees' contributions are deducted from their taxable income, reducing the income tax they pay. Income earned within an RRSP (including interest, dividends and capital gains) is not taxed until the money is withdrawn (ideally to purchase retirement income).

Generally, RRSP savings can also be used to purchase a home under the terms of the federal Home Buyers' Plan (HBP) or to fund post-secondary education through the Lifelong Learning Plan (LLP). These programs are subject to certain requirements set out by the Canada Revenue Agency (CRA).

An RRSP is not subject to pension standards legislation; however, the plan must be registered with CRA.

A Manulife Group RRSP offers lower Investment Management Fees (IMFs) compared to individual savings products. As well, Manulife offers access to leading fund managers not generally available to individual investors, plus a diversified fund line-up. No minimum investment requirements apply.