A Total Bundled Outsourced Solution
We have developed a Total Bundled Outsourced Solution for any defined benefit arrangement in Canada. Key elements of this comprehensive service package include reduction of governance obligations; lower member and employer fees; outsourced actuarial, administrative and financial reporting; custodial/trustee services; pension fund audit services; investment services; and preparation of annual compliance reports. This cost effective solution relieves plan sponsors of time consuming day-to-day administrative duties, freeing valuable resources and personnel in pursuit of core business. Learn more:
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Since outsourcing our defined benefit plans to RE&A we have experienced a significant reduction in our governance and administrative duties, relieving our human resources team of a considerable burden. The outsourced arrangement has also proved to be quite cost-effective compared to running our plans in house.
Cindy Palmer, Director, Total Compensation & Rewards, Andrew Peller Limited
Defined Benefit Plan Outsourcing Services:
- Plan oversight and governance
- Professional investment oversight
- Actuarial services
- Pension administration services
- Custodial operations
- Member communications
- Regulatory and legislative compliance
- Benefits payments
- Pension committee stewardship
- Oversight of third-party service providers
- Participant record maintenance
- Lost participant management