The Great-West Life Assurance Company Thursday launched a simplified group retirement savings plan designed for businesses with fewer than 35 employees.

“Many small business owners recognize the value that employees place on a workplace group benefits plan, including a retirement and savings plan, yet hesitate to offer such a plan due to the perceived cost and administrative complexity,” says Jeff Aarssen, Great-West Life’s vice president, group retirement services, sales & marketing. “Great-West Life’s Performers offers smaller businesses a group retirement savings plan solution that addresses these concerns.”

The program offers small businesses strong investment options, convenient online services and a member communications program.

“We have evolved the product over the past year to ensure plan set up and administration is an easy, straightforward process,” Aarssen says. “The fees are affordable and turnkey administrative support from advisors and Great-West Life helps ensure compliance with capital accumulation plan guidelines. Performers provides smaller employers with access to the expertise of the largest administrator of group retirement and savings plans for small businesses in Canada.”

IE