Our Life in focus benchmark report analyzes data on our 1.3 million plan members. Its timely insights can support plan sponsors’ decisions and highlight ways to better align plans with members’ needs.
Our report offers a closer look at how our plan members are saving, investing and planning for the future. Discover fresh perspectives on how to design workplace retirement and savings plans today that meet the needs of tomorrow.
77% of Canada Life’s active plan members have saved more than $5,000, compared with 59% of Canadians overall.
Average member balances have grown by 40% since 2018, driven by consistent contributions and market performance.
The most popular plans our sponsors offer are defined contribution pension plans (86%), deferred profit-sharing plans (84%) and RRSPs (84%).
Get a quick glance at our new report's key facts and figures.
Businesses with 100 or fewer employees account for over 98% of all employersOpens a new website in a new windowOpens a new website in a new window and more than 62% of Canada’s private sector workforce. Our data reveals that these employees are strong savers, contributing slightly more than our other plan members.
Offering meaningful benefits like workplace retirement and savings plans – even modest ones – reaps rewards that make for more loyal employees.
Explore the complete report for deep insights on how workplace plans can help Canadians secure their financial futures.