For employees:
Just like Wealthsimple Invest, we offer low fees for our Group RRSP (GRRSP or GRSP) offering. Employees pay fees of 0.5% for portfolios under $100,000 and 0.4% for portfolios over $100,000, plus a Management Expense Ratio (MER) from the underlying ETFs we invest in, which averages out to about 0.15% In comparison, traditional GRRSPs with actively managed mutual funds can cost your employees anywhere from 1.5–2.5% of their contributions. That’s a lot of lost earnings — especially considering compound interest over 20, 30, 40 years. For employers:
On the employer side, we charge a low monthly software fee — no hidden, transfer or withdrawal fees. For more details, book a chat with our team.