Plan Sponsor Services

BMO Group Retirement Services provides services for Defined Contribution plans including MPPPs, Group RSPs, DPSPs, Group TFSAs and related taxable savings plans. We also provide services for flexible components for DBPPs. Our Plan Sponsor Services are designed to take maximum advantage of our technical expertise including:

  • Recordkeeping
  • Administration
  • Trust Accounting
  • Customized reporting
  • Customized Employee Communication and Education

Open Architecture

Our Open Architecture ensures that we are able to offer any daily valued pooled or mutual fund appropriate for your plan. Of course, these funds must be compliant with the industry’s Capital Accumulation Plan Guidelines. As we are a trust-based business, we are able to provide the advantages of direct investment as opposed to segregated fund offerings. With direct investment, plan sponsors and members enjoy:

  • Greater investment control
  • Increased transparency as to fees and costs
  • Accounting accuracy that ensures your investment records match those of the fund managers

To learn more about our current wide array of investment options, please go to Investment Selections

Governex

Governex, our proprietary program to assist Plan Sponsors with their fiduciary duties and establish high standards of care, also addresses each of the seven sections of the Capital Accumulation Plan (CAP) Guidelines. Governex includes many advantages and features, such as our Defined Contribution (DC) Services Governance Report, which are outlined in the Governex releases provided in the Plan Sponsor Resource centre.

To learn the opinions of other plan sponsors and industry experts on a variety of topics relevant to the good governance of DC programs, please go to the Plan Sponsor Resource Centre.

Online Plan Sponsor Services

BMO GRS provides a wide array of web-enabled services including:

  • Online Enrolments
  • Online Reporting
  • Plan Balances
  • Member Balances
  • Member Demographic Reporting

Our Commitment

At BMO Group Retirement Services we are committed to providing:

  • The highest standard of personalized service and electronic support for you and your plan members, including our money-back satisfaction guarantee.
  • Flexibility and ease of customization and ease of access to information and reporting.
  • Customization of implementation, transition and educational programs.
  • An unparalleled standard of accuracy in the recordkeeping industry where transactional activity by plan and by fund is reconciled on a daily basis across thousands of transactions, not simply aggregated data

Service Highlights

  • Vast array of investment options
  • Accounts are balanced by plan and funds to the dollar – every day
  • System flexibility unmatched in the industry
  • Dedicated account service
  • Daily, unlimited fund transfers at no extra cost
  • Flexible and complete plan sponsor reporting such as automated simplified Annual Information Returns, at no additional charge
  • Fully customized communication program
  • Online member account access
  • Online enrolment
  • Online, date-flexible member statements
  • Web-based education centre
  • Automated KYC suitability reviews/warnings
  • Compliance support
  • Customer satisfaction guarantee