Retirement solutions that never stop working

performersA simplified plan for small businesses

Selling a group retirement and savings plan has never been easier

Expand your client base and increase your income by working in the group retirement and savings plan market.

Did you know?

• A group retirement plan is an affordable option for small businesses.

• Small businesses are achieving financial maturity.

• Governments are encouraging Canadians to save more and

employers to offer group retirement plans.

• Companies recognize the need to offer benefit packages for

employee retention.

• A growing number of employees prefer group retirement plans to

individual plans.

Performers is a turnkey solution for small businesses that want to offer a group retirement plan

We’ve designed Performers so it’s easy for you to offer your small business clients a group retirement plan and to take advantage of a growing market.

Why you should sell Performers • Create a new income stream for your practice which grows over time

• Leverage your contract with us for additional benefits

• Add new corporate and individual clients to your practice

• Assist decision makers with their personal financial security and planning needs

• Build relationships with business owners so you can recommend other business needs such as group benefits, disability top-up and buy/sell arrangements

• Demonstrate the value of a group retirement plan for existing group benefits clients before someone else does

More Canadians are focusing on retirement.

Competitive compensation

Performers offers you two commission options:

Commission (excluding TFSA) TFSA commission

Contribution based Transfers Asset based Asset based

Option A 3% 0.0% 0.0% 0.45%

Option B 1% 0.35% 0.30% 0.45%

Not only do you receive the commissions, but each Performers sale also qualifies you for our business recognition program. Plus, you may be able to leverage your contract with us for additional benefits.

By selling at least one Performers plan each year, over time your annual income could increase substantially, as you can see from this example.

Every sale counts

Option B

Option A

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

Year 1 Year 5 Year 10

Ann

ual i

ncom

e

Compensation

Example is for illustrative purposes only and assumes the plans are RRSPs and/or DPSPs with one Performers sale made each year, each plan

having $25,000 in annual contributions (cash flow), a six per cent market growth in assets, no withdrawals, asset transfers, or change in yearly

contributions, and contributions are made at the beginning of the year.

Option B

Option A

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

Year 1 Year 5 Year 10

Ann

ual i

ncom

e

Compensation

Option B

Option A

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

Year 1 Year 5 Year 10

Ann

ual i

ncom

e

Compensation

Option B

Option A

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

Year 1 Year 5 Year 10

Ann

ual i

ncom

e

Compensation

88-215

6R

Performers at-a-glance

Plan eligibility • Less than 35 members

• Annual cash flow between $10,000 and $50,000

Primary plans RRSP, DPSP

Supplemental plans (available only with primary plans)

TFSA

Member statement frequency Annual

Investments Investment menu includes:

• Continuum Target Date Funds

• Continuum Target Risk Funds

• 1-, 3-, and 5-year GIA

• Daily interest account

• PLUS 17 individual funds

Sponsor administration or trustee fees Included

Advisor compensation Two options

Spousal plans Yes

Default fund Continuum Target Date Funds*

* If the member doesn’t make an investment selection, the default fund will be the Continuum fund closest to the year that the member turns 65, based on the information provided to us.

Why employers should offer a group retirement plan

Many employers agree that their most valuable asset is their employees, and are looking for ways to attract, motivate and retain them. Offering a group retirement plan is an effective and economical way to achieve this objective and helps employees save for their retirement.

By offering a group plan, employers can: • Attract employees – Quality people look for jobs that offer an

attractive compensation package that includes a group retirement plan.

• Retain employees – Employees are less likely to leave for an employer who offers a group retirement plan.

• Reduce business costs – Less employee turnover means less hiring and training.

• Save money – Contributions to a DPSP can, in some cases, decrease an employer’s payroll expenses, compared to a wage increase, while providing a valuable benefit to employees.

• Create goodwill – Employees will appreciate the commitment to helping them to save for retirement.

A group retirement and savings plan is an affordable way to help employees and their families achieve a secure, comfortable retirement.

Why your clients should offer Performers

What many small business owners once considered beyond their reach, is now possible with Performers. It’s a plan that’s affordable and easy to get started.

There are certain responsibilities that come with offering a group retirement plan. Performers is designed to meet all capital accumulation plan (CAP) guidelines to help ensure your client’s plan is always compliant. We review all business practices and member touch points to ensure we comply with applicable privacy legislation as well.

Once your client decides to offer Performers, we help them every step of the way, from start to finish.

All they need to do to get started is:

• Determine what type of plan they want (RRSP and/or DPSP)

• Decide which employees are eligible and if they want to make contributions to members’ plans

Once these one-time decisions are made, their ongoing responsibilities include:

• Distributing the member materials

• Deducting and remitting employee (and employer) contributions

• Participating in our annual service review

In addition to our rigorous day-to-day administration, as the plan provider, Great-West Life, will:

• Assist sponsors with an annual service and plan review

• Hold an annual product review to ensure investments still meet the needs of Performers clients

• Communicate any plan changes to members

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3

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Other features that make governance easy • Performers investment menu makes investment selection easy, but still provides enough choice to meet

CAP guidelines.

• Primary plans include DPSP and RRSP - either structured (employer contributions) or voluntary (employee contributions).

• TFSAs are also available with the RRSP and DPSP plans.

Why employees should join the Performers plan • Generally lower investment management fees compared to retail investment options

• An easy way to save – with convenient payroll deductions – and potentially reduced personal income tax

• Convenience of managing their savings online or by phone

• Access to a variety of tools, resources and information on how to achieve retirement and savings goals

Why Great-West Life?

The strength of Great-West Life and its

subsidiaries creates a unique presence

in the group retirement and savings plans

marketplace. This allows us to provide you

with innovative product solutions and

unparalleled service.

Some facts about us • With over $48 billion* under administration,

we represent a significant presence in the Canadian group retirement savings and pension industry.

• We administer more than 24,000* group capital accumulation plans in Canada and over 1.3 million* plan member accounts.

• We administer twice as many plans for small businesses as any other provider in Canada.

• Our service and support for plan advisors, sponsors and members is unparalleled. * As at Dec. 31, 2015

Ready to get started?

Get in touch with a Performers account representative at

1-877-767-6011 or email GRSperformers@gwl.ca, to get started.

Once you have a user ID and password, everything you need is on

our website. Just visit www.grsaccess.com for more information,

training tools and helpful resources.

About usGreat-West Lifeco (Lifeco) is an international financial services holding company with interests in the life insurance, health insurance, retirement savings, investment management and reinsurance businesses. In Canada, the company has operations through The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company. Lifeco and its companies have over $460 billion* in assets under administration and are members of the Power Financial Corporation group of companies.

Over a long period of time our companies have maintained prudent and conservative investment and risk management policies and practices, and Great-West Lifeco’s financial condition remains very strong.

Great-West Lifeco’s balance sheet is one of the strongest in its industry and it will move forward with an enhanced capacity to take advantage of market opportunities. Our current ratings are posted on our public websites. Go to Great-West Lifeco’s website at www.greatwestlifeco.com and select Investor relations > Ratings.

* As at Dec. 31, 2015

The Great-West Life Assurance Company, the key design and “Retirement solutions that never stop working” are trademarks of The Great-West Life Assurance Company (Great-West Life), used under licence by London Life Insurance Company (London Life) and The Canada Life Assurance Company (Canada Life) for the promotion and marketing of insurance products. London Life and Canada Life are subsidiaries of Great-West Life. As described in this brochure, group retirement, savings and income products are issued by London Life and payout annuity products are issued by Canada Life.

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