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.

What is a PRPP?

It is a simplified Defined Contribution Registered Pension Plan

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 workplace savings plan

Speak to your advisor about the workplace savings plans that can help meet your business needs. If you don’t have an advisor, we can help you find one.

 

Learn about employee wellness and engagement at the workplace

11 considerations for choosing a group plan

What to consider when you’re choosing a group plan to meet the needs of your business and your employees.

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Health and Financial Wellness Approach | Manulife

See insights into the strong relationship between financial and personal wellness, and its impact on engagement and productivity.

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Holistic retirement readiness involves health and financial wellness

A wellness approach that embraces financial wellness alongside physical and mental well-being, can help contribute to a happier and healthier workplace.

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How to help prepare your employees for retirement

Four key ingredients group plans can offer to help employees feel more confident as they near retirement.

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Have a question?

Contact us