Reminder that the Group Choices savings plans withdrawal fee structure is changing for NA Clients on May 1, 2019
On May 1, 2019, National Account (NA) Clients will start getting one (1) free withdrawal from their Group Choices savings plans each calendar year. We'll charge $25 for each additional withdrawal.
We're making this change to align the withdrawal fee structure for both NA and Corporate Account (CA) Clients, as shown below.
|Client||Current withdrawal fee structure||New withdrawal fee structure (starting on May 1, 2019)|
|National Accounts||$25 per withdrawal, 4 free per year||$25 per withdrawal, 1 free per year|
|Corporate Accounts||$25 per withdrawal, 1 free per year||No change|
We first announced this change in this communication from December 2018. Review it for more details about this change, and other changes that were announced at the same time.
Please contact your Sun Life Financial Group Retirement Services sales representative.