What is a Multi-employer Pension Plan?
FSRA defines MEPPs (or multi-employer pension plans) as pension plans with more than one unrelated employer contributing to and participating in the same pension plan. MEPPs can be DB (defined benefit pension plans) or DC (defined contribution plans). They can also be a combination of both.
Blue Pier offers a defined contribution (DC-only) “independent” MEPP (iMEPP) open to every Canadian employer, regardless of size. Blue Pier is Canada’s first-ever pension plan as a service.
What Does an iMEPP Look Like?
The main features of an iMEPP like Blue Pier include:
What Does Blue Pier Offer?
We make it possible for all employers in Canada, including the small ones, to offer pension programs without the high cost, workload, and risks associated with operating single-employer pension plans and group RRSP plans.
Blue Pier works for employers of all sizes. Instead of establishing their own, single-employer plans – which creates risk and work and comes with high administrative costs – employers can choose Blue Pier, which takes care of all aspects of plan governance:
Best of all – and unlike many plans – Blue Pier can pay retirement income directly to retired members so they don’t have to manage their own money in retirement.
What is the Employer’s Role?
When you choose Blue Pier, you just need to handle three simple tasks:
We offer feature-rich, high-performing, and low-cost pension solutions. Our service stands out in many ways. The most notable include:
Are you searching for a pension plan for your employees? Do you need more information on multi-employer plans? You can contact us to learn more about pensions, what we do, and why we are your best choice. Compare the performance of your current pension plan with ours using our Retirement Plan Comparison Calculator.