Plan member responsibilities

Any tax-assisted group savings plan that allows you to decide between two or more investment options is defined as a Capital Accumulation Plan or CAP.

The same CAP guidelines that outline responsibilities for CAP sponsors also confirm what plan members are required to do.

As a CAP Plan member, you have these responsibilities:

  • you must decide how much to contribute to your plan,
  • you must make use of the information and decision making tools made available to you through your plan,
  • you must select investments, and
  • you must regularly review your investments to ensure they continue to meet your retirement and investment goals.

The guidelines also recommend you consider obtaining investment advice from an appropriately qualified individual as well as making use of the information or tools provided through your plan.