Benefits to strengthen your business.

Employees are the most valuable asset a business has. Helping to protect employees against worst-case scenarios is not only smart, but also a caring and responsible thing to do. Our broad array of services provides the flexibility needed to create a benefits offering that works for each company we partner with.

We are dedicated to helping businesses attract, retain, and protect employees with our growing portfolio of the latest industry-leading employee benefits products and services.

Employer Health and Benefits Consulting 

As health care costs continue to rise, and legislative and economic changes alter the benefit landscape, employers are seeking innovative and cost-efficient employee benefits solutions. Employers must continue their focus on near-term cost management, including strong vendor management and sound design and cost sharing tactics. At the same time, employers seek to change the longer-term cost curve by addressing employee health, lifestyle choices and productivity. At Hartry Foley Financial we work with employers to develop customized benefits plans that drive engagement, promote responsibility and accountability, help participants manage health risk and chronic conditions, and reduce absence.

Group Retirement

Customized investment plans for your employees’ future

Group retirement plans provide one of the best tax-sheltering opportunities available and can be a significant benefit to employees. With the long term viability of government sponsored pension plans in question, group retirement plans together with individual RRSP plans play a major role for most Canadians in saving for their retirement. From the viewpoint of the plan sponsor, group retirement plans can play a very significant role in attracting new employees and increasing employee retention.

There are many options available when putting together a group retirement plan. Factors that should be taken into consideration when determining which options are appropriate include:

  • Contribution levels: Should the plan be contributory or only funded by the employer? What percentage should the employer contribute? Should there be a matching formula?
  • Contribution Flexibility: Should contributions be uniform? Linked to profitability? Discretionary? Linked to years of service?
  • Vesting and Eligibility: Should the plan vest immediately (maximum vesting period is 2 years)? Who should be eligible for the retirement plan and after how long?
  • Administration: Is plan administration practical given the size of the workforce and the objectives of the plan?
  • Costs: What are the costs associated with each option? Are the costs reasonable given the objectives of the plan?

Only after a very thorough review of all the retirement options and the implications of each can an appropriate group retirement plan be developed.

The Value of a Broker

Change is the new constant when it comes to employee benefits. From compliance to rising costs to meeting the diverse needs of your workforce, you face new challenges every day.

We work with you to develop a multi-year strategy that is tailored for your business and supports your employees.

We offer a range of flexible products to help you design benefit programs that can set you apart in the group benefits marketplace – and we’re committed to providing the support and resources you need for successful sales and service.

At Hartry Foley Financial, we consider you an essential part of our team. And that means we respond to your ideas, support your goals and put work-saving resources at your fingertips.

We offer a wide range of competitive coverages and options that can help you deliver the benefits your clients and their employees want and need most.

Optimize your employee benefits;  Let’s work together to develop a strategy that is tailored for your business and supports your employees.