Group retirement · Mississauga

Group retirement support for Mississauga employers with an existing plan

RiskX works remotely with Mississauga employers that already have a group RRSP or DPSP. We help you understand what employees pay and what they receive, help your people understand the benefit, and review the plan periodically. On a group RRSP or DPSP, changing the advisor does not have to mean changing the provider.

Book a meeting Can we change the advisor without changing the provider?

A useful review

Start with the plan you have

Your plan may already be serving your people well. A review starts with what is working, then looks at four questions.

What do employees pay, and what do they receive?

Start with the fees that come out of employee accounts, any charges the employer pays, and what each one covers. Cost is one part of value. Service, education and support matter too. For plans in its scope, CAPSA's 2024 guideline for capital accumulation plans recommends that sponsors periodically review member-paid fees and the service providers behind the plan, weighing cost alongside service and education. That is not the same as choosing the lowest fee or changing providers.

What a CAPSA fee review means for your group RRSP

Do people understand the plan and use it?

Look at who has joined, who contributes enough to receive any employer match, and whether people know how the plan works and where to get help. Participation numbers alone do not show whether people understand the benefit.

The match you offer and the match your people actually take

Who helps when someone has a question?

Employees need to know where to take an account question, a payroll question and an investment question. Check what support and account tools the provider offers under your arrangement, and whether your team and your employees can find them.

Does the arrangement still fit?

Your company, your workforce and the options available can change after a plan is set up. A review can confirm that the current arrangement still fits, or show where a different advisor, revised terms or another provider deserves a closer look.

What to gather for an existing-plan review

Advisor and provider

Can we change the advisor on our group RRSP or DPSP without changing the provider?

Yes, where the provider's arrangement allows it. The advisor and the provider are different roles. The provider holds and administers the accounts. The advisor, sometimes called the advisor of record, works with the employer on the plan. If the provider still suits your plan but you want different support, RiskX can become the advisor on your existing group RRSP or DPSP while the plan stays with the same provider.

As your plan's advisor, RiskX works with your team on the plan itself. Individual investment advice for employees stays with the provider's appropriately authorized team, where that service is available.

Possible outcomes

Where a review can lead

A review does not assume anything needs to change. It can end in one of several places.

Keep the plan as it is. Sometimes the next step is clearer employee communication and a date for the next review.
Change the advisor, keep the provider. Different support for your team while the plan stays with the same provider, where the arrangement allows it.
Ask the current provider about its terms. A written request can show which charges or service terms can change. A change is not guaranteed.
Compare a move to another provider, where it is suitable. Consider a move when the evidence supports a meaningful improvement for your plan and the transition is workable.

A review that ends with keeping the plan is still a good review. What matters is that your team can explain its decision.

Clear responsibilities

People and teams behind the plan

A retirement plan has different jobs behind it. Knowing who owns each one makes the benefit easier to run and easier for employees to use. RiskX works with Mississauga employers remotely, and the provider's support team is part of the continuing relationship.

Your employer team

Your team sets the plan's objectives, makes the employer's decisions, manages its payroll responsibilities and retains oversight of the plan.

RiskX

RiskX helps employers understand their plan and their options and coordinate appropriate next steps. Our continuing work includes employee communication and education and periodic review of the retirement benefit. What RiskX does for a particular plan depends on the arrangement, including whether RiskX is the plan's advisor.

The registered investment provider

The provider administers accounts and supplies the account and employee support available under the plan. Individual investment advice belongs to the appropriately authorized provider team, where that service is available. RiskX can help direct questions to the appropriate party; each party remains responsible for its own work.

Mississauga workplaces

Reaching every part of a Mississauga team

If your plan covers people across shifts, sites and roles, such as plant, lab, warehouse and office staff, each group may hear about the plan differently. Ask how each group learns about the plan, joins it or changes contributions, and finds help. Information that reaches one group may not reach another.

If you hire across the GTA, people may compare your plan with offers from employers elsewhere in the region. That is one more reason the plan should be easy to explain.

RiskX helps employers with employee communication and education with these differences in mind. The provider supplies the account support available under your plan.

Ontario considerations

Ontario payroll questions have their own guides

Employer contributions can raise different income-tax, payroll and Ontario Employer Health Tax questions, including when a review leads to a change in how contributions are made. The answer depends on the contribution, the plan and the employer's circumstances. Bring the arrangement to the appropriate payroll or accounting professional.

Ontario Employer Health Tax and group retirement contributions The provincial EHT question, including the difference between a group RRSP match and an employer DPSP contribution.Is an employer's group RRSP contribution a taxable benefit? Income tax, CPP, EI and provincial assessment questions to check for your plan.How are employer DPSP contributions treated for tax and payroll? The employer contribution, employee reporting and what happens when money is paid out.

This page does not make a CPP, EI, workers' compensation, T4 or DPSP reporting determination. Use the relevant specialist guidance and confirm the treatment of your own plan with qualified advisers.

Common questions

Mississauga group retirement questions

Does RiskX have a representative in Mississauga?

RiskX serves Mississauga employers remotely. We do not have a representative based in Mississauga. RiskX and the appropriate provider team contribute to the relationship according to the plan and the work agreed with the employer.

Does a review mean switching providers?

No. A review can confirm that the current arrangement suits your team. It can also lead to clearer employee communication, a change of advisor on your group RRSP or DPSP while the plan stays with the same provider, a conversation with the current provider about its terms, or a comparison with other providers where a move may be suitable.

Who helps employees day to day?

RiskX helps employers with employee communication and education. The provider supplies the account and employee support available under the plan, including any eligible investment-advice service. Your employer team also retains its own plan and payroll responsibilities. The right contact for a specific question depends on the arrangement.

How long does a change take?

It depends on what changes. An advisor change, revised terms and a move to another provider each involve different steps, and the provider's process and your payroll timing matter. Confirm the timeline for your plan before you decide.

What should we bring to a first conversation?

Whatever you have: the current fee schedule or fee disclosures, the plan's eligibility and contribution rules, any written service agreement, and the questions your team or employees have raised. Individual employee account details are not needed to start. If something is missing, that is useful to know too.

Updated October 5, 2026.

Information here is general and is not individualized tax, legal or investment advice. Confirm your own plan and payroll treatment with qualified advisers.

A clearer next step for your plan

Bring the plan you have and the questions behind it. We can discuss what your team wants to understand, who should answer each question and what a suitable next step looks like.

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