SunAdvantageTM my savings is designed for small businesses. It offers tax-efficient savings opportunities for employees, with the simplicity, level of service and support small business employers need to ensure that there's little time needed to administer the plan. Employees gain a convenient savings program they need while small business employers’ gain a key competitive advantage in terms of attracting and retaining talent.
Key features of the plan:
There are no employer costs to establishing SunAdvantage my savings and plan administration fees are built into the management fees for each fund option.
The plan is fully supported by Sun Life Financial, from recordkeeping to reporting to investment oversight, so your administration time is kept to a minimum.