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It’s a benchmarking resource for Sponsors looking to adapt their CAPs to keep pace with broader trends within and across industries.
Our flagship report analyzes data from 1.4 million retirement savings participants and 7,500+ group plans. This report looks at the latest trends in contributions, plan design, investments, as well as the complexities of decumulation, and much more.
Our 2023 edition captures the resilience of plan members and sponsors in the face of recent challenges: A pandemic, labour shortages, and higher inflation and interest rates.
We hope the report provides you with actionable insight to better support you and your plan members.
Beyond updates to benchmarking statistics, Designed for Savings provides actionable insights to help support you and your members achieve improved retirement outcomes.
Among the industry leading insights, you’ll find:
Asset category |
Percentage |
|---|---|
Balanced |
7% |
Canadian Equity |
12% |
Global Equity |
5% |
International Equity |
3% |
US Equity |
8% |
Fixed Income |
4% |
Guaranteed |
4% |
Money market |
2% |
Company stock |
10% |
Target date |
37% |
Target risk |
8% |
Average |
Median |
|
|---|---|---|
Sponsor Contribution |
$ 5,230 |
$ 3,890 |
Member Contribution |
$ 5,530 |
$ 3,990 |
Province/ Territory |
Total Payroll Average |
Percentage Change |
|---|---|---|
AB |
$ 11,040 |
7.5% |
BC |
$ 9,760 |
6.1% |
MB |
$ 6,920 |
5.7% |
NB |
$ 7,400 |
6.9% |
NL |
$ 10,700 |
8.4% |
NS |
$ 7,880 |
5.6% |
NU |
$ 7,740 |
7.8% |
NWT |
$ 10,670 |
8.0% |
ON |
$ 8,620 |
6.4% |
OTHER |
$ 13,710 |
5.2% |
PEI |
$ 7,000 |
6.3% |
QC |
$ 9,060 |
6.1% |
SK |
$ 11,090 |
6.4% |
Yukon |
$ 9,490 |
7.0% |
Median Province |
$ 9,280 |
6.4% |
Employment Tenure in years |
Average savings balance |
Median savings balance |
|---|---|---|
1 |
$ 13,330 |
$ 8,040 |
2 |
$ 18,960 |
$ 10,550 |
3 |
$ 26,450 |
$ 14,710 |
4 |
$ 33,890 |
$ 20,300 |
5 |
$ 41,450 |
$ 26,370 |
6 |
$ 48,220 |
$ 31,090 |
7 |
$ 56,840 |
$ 37,100 |
8 |
$ 69,700 |
$ 47,040 |
9 |
$ 80,770 |
$ 55,200 |
10 |
$ 91,540 |
$ 63,540 |
11 |
$ 101,660 |
$ 69,930 |
12 |
$ 109,040 |
$ 76,700 |
13 |
$ 112,680 |
$ 77,000 |
14 |
$ 125,500 |
$ 86,580 |
15 |
$ 130,270 |
$ 88,100 |
16 |
$ 138,810 |
$ 96,490 |
17 |
$ 149,590 |
$ 105,260 |
18 |
$ 154,870 |
$ 109,070 |
19 |
$ 163,540 |
$ 114,260 |
20 |
$ 165,850 |
$ 113,750 |
21 |
$ 177,500 |
$ 129,570 |
22 |
$ 170,280 |
$ 125,300 |
23 |
$ 173,390 |
$ 126,090 |
24 |
$ 188,920 |
$ 143,430 |
25 |
$ 201,950 |
$ 153,420 |
26 |
$ 201,690 |
$ 158,360 |
27 |
$ 200,690 |
$ 149,550 |
28 |
$ 200,750 |
$ 150,630 |
29 |
$ 207,880 |
$ 153,230 |
30 |
$ 199,570 |
$ 149,860 |
Designed for Savings 2021
Designed for Savings 2019
Designed for Savings 2017
