Pooled registered pension plan (PRPP)

Canada-wide, affordable and quick to set up

Are you an employer or self-employed individual in Yukon, Northwest Territories or Nunavut, or a federally regulated employer in Canada? If you don’t already have a workplace savings plan, you can set up a Pooled Registered Pension Plan (PRPP) that

  • Helps your plan members save for retirement
  • Helps you attract and retain employees
  • Is easy to set up and manage
  • Lets you decide if you want to contribute to the plan or not

With a PRPP, we administer the plan for you. That means you have fewer fiduciary duties and obligations compared to other plans.

Plan details

What is a PRPP?

It is a simplified Defined Contribution Registered Pension Plan. The PRPP is designed for small and medium-sized businesses (see Voluntary retirement savings plan (VRSP) for Quebec).

A Manulife PRPP is simple to set up and administer:

• Complete the online application in as little as 20 minutes—there’s no paperwork

• Decide if you want to contribute to the plan, how much and how often

• Plan members can take advantage of low investment management fees

• Maximize participation with automatic enrolment as soon as employees are eligible

• Work with an experienced and trusted Canadian provider of group retirement solutions for employers

• Integrate your PRPP with a payroll provider.

Choose your group benefits plan

Speak to your Manulife representative to discuss group retirement plan options to help meet your business needs.

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