Governance

As a sponsor of an employee Benefit or Pension plan, you have certain obligations and rights.  Among these is the primary obligation to ensure that the plan performs in a prudent and fiscally responsible manner, for the benefit of employees.

Some of these duties include:

1. Ensuring your external administrators (insurance company, custodian, etc.) perform as required
2. Ensuring your plan complies with any applicable regulations, collective agreements or human rights legislation
3. Ensuring that your Defined Contribution/Group RRSP/Deferred Profit Sharing Plan meets the criteria outlined in the Capital Accumulation Plan (CAP) guidelines
4. Ensuring your Defined Contribution and/or Defined Benefit pension plan meets applicable Federal or Provincial legislation
5. Ensuring that terminated employees are provided with the correct disclosures and opportunity for benefit conversion

Pointbreak can help you meet these obligations and requirements.