Pension Plans
From traditional pension plans to flexible modern solutions and government-backed opportunities, we help you design the right strategy.
Traditional Pension Plans
Traditional pension plans, such as Defined Benefit and Defined Contribution plans, provide structured retirement income for employees. While they offer long-term security, they can be costly and complex for employers to manage. These plans are now less commonly used by growing businesses due to their limited flexibility and higher financial commitment.
Who is this for?
Best suited for larger, well-established organizations seeking long-term stability and structured retirement programs, with the capacity to support ongoing funding and administration.
frequently asked questions:
Why should i offer benefits?
“culture eats strategy for breakfast” – peter drucker
at next benefits, we believe that offering a benefits package is an affordable and effective step towards building a great company culture. it is a proven way to attract and retain great employees when hiring and helps keep the team healthy and happy (and productive).
plus, who doesn’t like massages?
Can i split the cost with employees?
no benefits plan is effective if it is unsustainable. if it is not possible to pay 100% for the plan, it is common for businesses to split the cost 50-50 with employees using a deduction off of their paycheque.
make sure to chat with one of our licensed specialists for advice on how to make the plan affordable for years to come.
do all employees have to join?
participation of all employees is mandatory for a business with 10 or less employees for several reasons. beyond 10 employees, you can reduce participation to 75%. we often find that when employees realize what they are giving up by waiving by benefits – they tend to join. for more tips on how to position the value of the plan to employees, visit this “how to” guide.
what if i already have a plan?
congratulations for taking this step. if you have several annual renewals under your belt, you know that the cost can increase if the plan is not monitored and adjusted based on incoming data.
we created the benchmarking tool to help you understand how strong your plan is compared to others in your industry. we also offer consultations on how to improve your plan by switching to next benefits.
New Pension Plan (New Era)
Modern retirement solutions include Group RRSPs, DPSPs, and Group TFSAs, offering flexible and cost-effective options for employers. These plans allow businesses to control contributions while providing valuable savings opportunities for employees. They are easy to manage and adapt as your company grows.
Who is this for?
Ideal for growing and evolving businesses that value flexibility, scalability, and predictable contributions while offering competitive retirement benefits.
frequently asked questions:
Why should i offer benefits?
“culture eats strategy for breakfast” – peter drucker
at next benefits, we believe that offering a benefits package is an affordable and effective step towards building a great company culture. it is a proven way to attract and retain great employees when hiring and helps keep the team healthy and happy (and productive).
plus, who doesn’t like massages?
Can i split the cost with employees?
no benefits plan is effective if it is unsustainable. if it is not possible to pay 100% for the plan, it is common for businesses to split the cost 50-50 with employees using a deduction off of their paycheque.
make sure to chat with one of our licensed specialists for advice on how to make the plan affordable for years to come.
do all employees have to join?
participation of all employees is mandatory for a business with 10 or less employees for several reasons. beyond 10 employees, you can reduce participation to 75%. we often find that when employees realize what they are giving up by waiving by benefits – they tend to join. for more tips on how to position the value of the plan to employees, visit this “how to” guide.
what if i already have a plan?
congratulations for taking this step. if you have several annual renewals under your belt, you know that the cost can increase if the plan is not monitored and adjusted based on incoming data.
we created the benchmarking tool to help you understand how strong your plan is compared to others in your industry. we also offer consultations on how to improve your plan by switching to next benefits.
Free Pension Plans/Government Sponsored
Government-supported retirement programs offer valuable, often overlooked opportunities to enhance employee savings through tax-efficient strategies. These “golden opportunities” can significantly improve both employer cost efficiency and employee retirement outcomes when structured properly.
See how much your business can benefit — use our Payroll Calculator to estimate your potential savings.
Who is this for?
A great fit as a starting point or complement to existing plans, for businesses looking to enhance benefits by leveraging available government programs in a cost-efficient way.
frequently asked questions:
Why should i offer benefits?
“culture eats strategy for breakfast” – peter drucker
at next benefits, we believe that offering a benefits package is an affordable and effective step towards building a great company culture. it is a proven way to attract and retain great employees when hiring and helps keep the team healthy and happy (and productive).
plus, who doesn’t like massages?
Can i split the cost with employees?
no benefits plan is effective if it is unsustainable. if it is not possible to pay 100% for the plan, it is common for businesses to split the cost 50-50 with employees using a deduction off of their paycheque.
make sure to chat with one of our licensed specialists for advice on how to make the plan affordable for years to come.
do all employees have to join?
participation of all employees is mandatory for a business with 10 or less employees for several reasons. beyond 10 employees, you can reduce participation to 75%. we often find that when employees realize what they are giving up by waiving by benefits – they tend to join. for more tips on how to position the value of the plan to employees, visit this “how to” guide.
what if i already have a plan?
congratulations for taking this step. if you have several annual renewals under your belt, you know that the cost can increase if the plan is not monitored and adjusted based on incoming data.
we created the benchmarking tool to help you understand how strong your plan is compared to others in your industry. we also offer consultations on how to improve your plan by switching to next benefits.
frequently asked questions:
Why should i offer benefits?
“culture eats strategy for breakfast” – peter drucker
at next benefits, we believe that offering a benefits package is an affordable and effective step towards building a great company culture. it is a proven way to attract and retain great employees when hiring and helps keep the team healthy and happy (and productive).
plus, who doesn’t like massages?
Can i split the cost with employees?
no benefits plan is effective if it is unsustainable. if it is not possible to pay 100% for the plan, it is common for businesses to split the cost 50-50 with employees using a deduction off of their paycheque.
make sure to chat with one of our licensed specialists for advice on how to make the plan affordable for years to come.
do all employees have to join?
participation of all employees is mandatory for a business with 10 or less employees for several reasons. beyond 10 employees, you can reduce participation to 75%. we often find that when employees realize what they are giving up by waiving by benefits – they tend to join. for more tips on how to position the value of the plan to employees, visit this “how to” guide.
what if i already have a plan?
congratulations for taking this step. if you have several annual renewals under your belt, you know that the cost can increase if the plan is not monitored and adjusted based on incoming data.
we created the benchmarking tool to help you understand how strong your plan is compared to others in your industry. we also offer consultations on how to improve your plan by switching to next benefits.
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