Which of these plans is NOT a Group Advantage offering?

Defined Benefits Pension Plan (DBPP)

Which is NOT a Financial Wellness offering?

Complimentary Mental Health Sessions

GA Plan Members get how many points for funded mortgages?

100 points for every $1000 funded

Do we have an option for Safety Bonuses to help with retention as well as converting employees to Payroll from Contract?

Yes - DPSP (Deferred Profit Sharing) up to 2 yrs vesting of company funds)

Which of these below can we NOT include in a Group Advantage Proposal

RBC Insurance (Medical/Dental/Life)

What is the FEE for an Employer to set up a Group Plan?

There is no FEE for a plan unless it is mandated by FSRA (Pension plan)

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Group Advantage Knowledge Test

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Questions 12

Answers

1
Which of these plans is NOT a Group Advantage offering?
Group Retirement Savings Plan (GRSP)
Defined Contributions Pension Plan (DCPP)
Defined Benefits Pension Plan (DBPP)
Group Tax Free Savings Account (GTFSA)
2
What is the cost to RBC Employees to use Employee Care, Lifespeak and Headspace?
$5 per month
Free upon pre-approval from your VP
$22.50 per use
No cost
3
Which is NOT a Financial Wellness offering?
One-on-One Advisor Meeting
Complimentary Mental Health Sessions
Customized Workplace Advice Events
GAM Event invitations
4
RBC Group Advantage also offers Health & Dental Benefits?
True
False
5
Can you enroll GRSP and DPSP via MyAdvisor?
True
False
6
GA Plan Members get how many points for funded mortgages?
100 points for every $1500 funded
100 points for every $1000 funded
150 points for every $1500 funded
150 points for every $1000 funded
7
Group Advantage is for Ontario Sponsors/Members only.
False
True
8
Can we help US entities with 401k Plans?
False
True
9
Which is NOT a Group Advantage role?
Group Consultant
Relationship Manager
Group Wellness Counsellor
Group Advisor
10
Do we have an option for Safety Bonuses to help with retention as well as converting employees to Payroll from Contract?
Yes - any plan can do this if it is presented correctly to the employees
Nothing available
Yes - GRSP can work if the employees don't withdrawl the funds
Yes - DPSP (Deferred Profit Sharing) up to 2 yrs vesting of company funds)
11
Which of these below can we NOT include in a Group Advantage Proposal
RBC MAP (Mortgage Assistance Program)
RBC Insurance (Medical/Dental/Life)
ADP (Comprehensive Services/HR/Payroll/Talent Acquisition Support)
Employee Financial Literacy Sessions (Homebuyers, Investing, Budgeting 101)
12
What is the FEE for an Employer to set up a Group Plan?
There is no FEE for a plan unless it is mandated by FSRA (Pension plan)
$2 per employee if their is more than 50 employees
$5 per Employee
Flat admin set-up fee of $150

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