Group retirement and savings plans are employer-sponsored programs designed to help employees save for their future and retirement. These plans often include options like group RRSPs, pension plans, or deferred profit-sharing plans, with potential employer contributions to enhance employee savings. They offer employees a structured and convenient way to invest in their long-term financial security, often with tax advantages. For employers, offering group retirement plans is a valuable tool for attracting and retaining talent by supporting employees’ financial well-being.