No. A workplace savings plan can be established for as few as two eligible employees and generally there is no cost to the employer unless it chooses to contribute on employees' behalf.
One of the goals in creating your investment line-up is diversification with options that vary by management style, objective and geographic exposure. Most plans today also offer Target Date and Target Risk funds for plan members that wish to have little or no involvement in the fund selection and monitoring process.
The investment fund line-up should not be static and should be reviewed regularly to ensure that the plan offers only choices that consistently post above-median performance.
Riverton Financial Partners is an independent, group savings, advisory firm. We work for our plan sponsors and plan members. Our business partners include:
Riverton Financial Partners Inc.
200 - 289 Dufferin Avenue, London, Ontario N6B 1Z1
(519) 672-9000 Ext. 200 I (519) 476-3636 Direct
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