Group Plans Set-up Guide

STEP 1 - Plan Sponsor Set-up Form (to be completed with the employer):
 

If you are setting up a Group Retirement Savings Plan (GRSP) only:

• Please complete Group Plan Sponsor Set Up Form and send to groupadmin@mackenzieinvestments.com or by fax: 1-866-766-6623.

Timeline:
The GRSP setup takes approximately 5 – 7 business days to complete once we’ve received the completed forms in good order.

If you are setting up a Group Retirement Savings Plan (GRSP)  & Deferred Profit Sharing Plan (DPSP) combo:

• Please complete Deferred Profit Sharing Plan – Plan Sponsor Set Up Form and send to groupadmin@mackenzieinvestments.com or by fax: 1-866-766-6623.
  
  
• Please ensure the following have been included on the DPSP setup form.

1. Effective date of the DPSP
2. Correct legal name that matches with the CRA business number
3. CRA business number  
4. Employer year end

Timeline:
The DPSP is a two-step process and can take 3 – 6 weeks.

If you are setting up a Defined Contribution Registered Pension Plan (DCPP):

• Please complete Defined Contribution Registered Pension Plan – Plan Sponsor Set-up Form (mackenzieinvestments.com) and send to groupadmin@mackenzieinvestments.com or by fax: 1-866-766-6623.

Timeline:
The DCPP is a two-step process and can take 3 – 6 weeks.

Here’s what’s next, once we’ve received the completed forms:

1. Once a plan is setup, you will receive an email from Marie-Helene Dube, Senior Admin Sales Data Maintenance at Mackenzie, including the new plan number and a welcome letter to the attention of the Plan Sponsor (employer).
2. Sara Stuart, Business Development Manager at Mackenzie will also follow up with you to confirm.
3. Depending on how the company has selected to send us contributions (step 2), instructions will be provided by our Group Support team.
4. All of the member accounts must be created before we can accept the money. If this is not the case, the money could be suspended.
    

STEP 2 - Options for making contributions (to be completed with the employer):
 

• Please complete Group Consolidated Cash Plan Set Up Form (CCP) - A void cheque must be attached with the form. Please complete only one option for electronic remittance - Form B for Interactive Voice Response (IVR) or Form C for Electronic Fund Transfers (EFT)
• Contribution list template is to be used in combination with the IVR or EFT in order to notify us of the appropriate allocations to members. This must be sent the same day as the deposit is made to electronicgroupdeposits@mackenzieinvestments.com.

We don’t charge any fees for this, just be aware that the company’s bank may charge a fee for an EFT. There are charges to the employer with the IVR method.

STEP 3 - Member Applications:
 

If you are setting up a Group Retirement Savings Plan (GRSP) only:

• Please complete Group RRSP Member Application and Registered Transfer Authorization Form (TARI) with each participating employee.

If you are setting up a Group Retirement Savings Plan (GRSP) & Deferred Profit Sharing Plan (DPSP) combo:

• Please complete Group RRSP Member Application and Deferred Profit Sharing Plan (DCRPP/DPSP) – Member Application Form with each participating employee.

If you are setting up a Defined Contribution Registered Pension Plan (DCPP):

• Please complete Defined Contribution Registered Pension Plan (DCRPP) – Member Application Form with each participating employee.

You can also view our Advisor Guide & Employer Guide for additional guidance on the plan setups and transfer details. For more information, please visit our Mackenzie Group Plans page.

Transferring Group Plans

If you are transferring existing GRSPs or other individual RSPs over to Mackenzie Investments, please complete the Registered Transfer Authorization Form (TARI) for each member.

Please contact groupadmin@mackenzieinvestments.com if you have any questions.

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