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Our VRSP solution

iA Financial Group is all about keeping it simple. We want to avoid any administrative burden for employers and allow them to set up a VRSP quickly and easily.

We also want to help individual savers by giving them investment options that ease their decision-making process.

Simple to set up
Easy to administer
Accessible to everyone
Easy to afford

Set-up made quick and easy

For employers

At iA Financial Group, we know your time is precious and that you don’t have a lot of it to spend setting up a group retirement plan. That is why we offer a VRSP that is simple and easy to set up.

Once you have completed your VRSP request on this site, you will have access to My Client Space, our secure website, where you will receive step-by-step assistance in setting up your VRSP. It’s quick and easy!

To learn more about setting up your VRSP

Steps when setting up a VRSP contract

Steps when hiring a new employee

For self-employed workers and individual savers

Whether you are self-employed worker or individual saver, setting up a VRSP – there’s nothing simpler! Once you have completed your request on this site, you will have access to My Client Space, our secure website. All you will have left to do is sign your contract and inform us how you will make your contributions.

Our VRSP investment options

What sets our VRSP apart is its investment options, which have been carefully selected from a broad range of options available to our Group Savings and Retirement clients.

Our VRSP offers one default option along with five additional options.

Default investment option

The default option for our VRSP is the SimpliciA Portfolio with a retirement age of 65.

This investment option is based on a "life cycle" approach where the level of risk is based on the member's age and adjusted as the person approaches retirement. The portfolio is managed by multiple fund managers, and the investment mix is revised every three months to automatically achieve its target composition.

More details about these investment funds can be found in the document entitled Range of investment options – VRSP.

For plan members who don't select any investment options, all contributions and transfers to their VRSPs are automatically invested in the default investment option.

Other investment options

Some VRSP members prefer to build their own customized portfolio using the other investment options available. To help them decide which funds to choose, iA Financial Group has created the Your Investor Profile questionnaire. This questionnaire can be found in My Client Space, our secure website.

Our VRSP offers guaranteed investments for one- to ten-year terms, as well as the following investment funds:

Fund	Code	Category	Manager
Bond	020	Income Funds	Industrial Alliance
Balanced Moderate Index	889	Diversified Funds	BlackRock
Dividend	160	Canadian Equity Funds	Industrial Alliance
Global Equity	707	Foreign Equity Funds	Industrial Alliance

Our VRSP fees

Annual investment fund management fees

The annual management, operating and distribution fees are indicated below and are deducted from the investment funds on a monthly basis:

Investment fund and portfolio	Annual fees before taxes
Bond	1.00%
Balanced Moderate Index	0.90%
Dividend	1.00%
Global Equity	1.00%
SimpliciA	Between 1.06% and 1.08% based on target retirement year

A breakdown of the fees based on the target retirement year can be found in the Fees applicable to VRSP document.

No management fees are charged on guaranteed investments.

Other VRSP transaction fees payable by members

There is no charge to join or participate in our VRSP.

When certain transactions are carried out, the following fees are payable by members and deducted directly from their account, unless the employer has agreed to cover them:

Transaction	Fees*
Transfer of benefits between spouses following the breakdown of a union or divorce	$100 (including taxes) The costs and expenses claimed from the spouses are divided equally between them, unless the spouses have decided otherwise.
Any other withdrawal or transfer (except if there is a change of VRSP by the employer or for internal transfers)	$50 (including taxes)
Unsuccessful search for a member's contact information	Between $10 and $80 depending on the research agency used
NSF PAC withdrawal	$30
Deposit or cheque cancellation, requested by the member	$30
Copy requests	$.25 per page for each paper or digitized copy and $5 for each document resent electronically

*Unless specified otherwise, applicable taxes apply.

Other transaction fees payable by employers who offer the VRSP

Fees for calculations or special services are billed to the employer. In addition, the following services are available upon payment of the indicated fees, plus applicable taxes:

Copy requests: $.25 per page for each paper or digitized copy and $5 for each document resent electronically
Cancellation and reissue of cheque or direct deposit: $30
NSF PAC withdrawal: $30
Changes to the contributions indicated in the VRSP Application, drafting of a change or a report: based on our hourly rate at the time of the request; the minimum charge is $200
VRSP change (global transfer of a contract to another plan): charge of $50 per member, subject to a $500 maximum per contract

VRSP Administrator Information

Full name	Industrial Alliance Insurance and Financial Services Inc.
Contact information	1080 Grande Allée West PO Box 1907, Station Terminus Quebec City, QC G1K 7M3 1-800-567-5670
AMF authorization number	LRVER000006

Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company authorized to do business in Canada and most of the United States. The company administers retirement plans for over 60 years. It has obtained the required authorization from the Autorité des marchés financiers (AMF) to act as a VRSP administrator.

Industrial Alliance VRSP Documents

VRSP registration numbers

Canada Revenue Agency: PRPP 0008

Retraite Québec: 39705

VRSP Contract (PDF)

The VRSP contract sets out the terms that apply to the VRSP, the obligations of the parties under the contract and the administrative services offered by iA Financial Group. Every employer, association and individual that wishes to offer or participate in a VRSP must sign a contract.

VRSP Plan Text (PDF)

Provisions and terms registered with regulatory authorities that apply to the Industrial Alliance VRSP

Plan Overview for Employees (PDF)

Overview of plan provisions that apply to employees of an employer that offers the Industrial Alliance VRSP

Plan Overview for Self-Employed Workers and Individual Savers (PDF)

Overview of plan provisions that apply to individuals who participate in the Industrial Alliance VRSP

Fees applicable to VRSP (PDF)

Details on fees that apply to the Industrial Alliance VRSP