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Finding the Right Financial Advisor for Employee Benefits & Group Plans

A Group Benefits and Pension advisor helps business owners invest in what matters most: their people. The right advisor does not just provide a policy; they help companies attract, retain, and engage employees through a sustainable employee benefits plan and coordinated group retirement strategy.

When we say Group Benefits and Pension advisor, we mean someone who understands the realities of Northern Ontario employers with 10+ employees. Questions like, are we offering the right group benefits package to retain our team, how do we manage costs while providing value, and are our group retirement plans competitive and compliant.

With changing regulations, taxes, and employee expectations, you benefit from a specialist who integrates plan design, compliance, cost control, and employee education into one cohesive group benefits program.

A Group Benefits and Pension advisor helps business owners invest in what matters most: their people. The right advisor does not just provide a policy; they help companies attract, retain, and engage employees through a sustainable employee benefits plan and coordinated group retirement strategy.

When we say Group Benefits and Pension advisor, we mean someone who understands the realities of Northern Ontario employers with 10+ employees. Questions like, are we offering the right group benefits package to retain our team, how do we manage costs while providing value, and are our group retirement plans competitive and compliant.

With changing regulations, taxes, and employee expectations, you benefit from a specialist who integrates plan design, compliance, cost control, and employee education into one cohesive group benefits program.

Summary for Employers

Short answer: Design a sustainable group benefits plan that supports attraction, retention, cost control, compliance, and engagement. Expect a clear plan design process, funding strategy, vendor management, employee education, and coordinated group retirement.

Who this serves: Northern Ontario companies with 10 to 200 employees across mining, transportation, construction, engineering, automotive, and related sectors.

What is delivered: Competitive employee benefits plan design, budget and renewal strategy, governance and compliance, employee communications, and integrated group RRSP or pension options.

Financial Advisor

Meet Tyler Stott, CEBS, GBA, RPA

Tyler Stott is a Benefits Lead who helps locally owned Northern Ontario businesses build meaningful, sustainable programs. With 13+ years in the industry, he aligns each group benefits package with culture and budget, then supports it with education, planning, and regular reviews so employers feel confident their plans are performing and employees understand how to use them.

Unique Benefits and Pension Challenges for Northern Ontario Employers

  • Attraction and retention: Offer a group benefits plan that signals care for employees without overspending.
  • Cost control: Manage renewals, pooling, and trend so budgets stay predictable.
  • Compliance and governance: Keep contracts, eligibility rules, and policies current.
  • Multi site coordination: Ensure fairness and simple administration across locations.
  • Employee engagement: Communicate clearly so teams value and use the plan.

Comprehensive Benefits and Retirement Guidance

Tyler provides end to end guidance that connects plan design, benchmarking, funding strategy, compliance, vendor management, and employee education. The outcome is a group benefits program that is easier to manage, easier to understand, and competitive in the market.

The Plan Design and Review Process

  1. Discovery and objectives: Define attraction, retention, and budget goals.
  2. Plan design and benchmarking: Compare to peers and simplify coverage where helpful.
  3. Funding strategy: Set a 12 to 24 month budget framework and address cost drivers.
  4. Compliance and governance: Organize documents, contracts, and review checkpoints.
  5. Employee communications: Provide plain language summaries and onboarding sessions.
  6. Vendor management and market review: Hold carriers accountable on service, fees, and reporting.
  7. Group retirement integration: Coordinate group RRSP, DPSP, or pension with clear eligibility and education.

Scheduled reviews:

Meet 2 to 3 times per year to track performance and feedback.

Cost Management in Practice

Tyler helps structure plan maximums and coinsurance thoughtfully, evaluate drug plan cost controls, and review pooling or stop loss options. The aim is predictable renewals and sustained value rather than short term cuts that reduce trust in the employee benefits plan.

Compliance and Risk Management

Maintain eligibility rules, waiting periods, and accurate plan texts. Review life and disability definitions, update contracts, and document governance so your group benefits program stands up to audits and regulatory change.

Employee Education and Engagement

Clear communication increases appreciation and smart use. Tyler supports leadership briefings, onboarding, and periodic refreshers that explain coverage, digital tools, and how the group benefits package works with group retirement.

Group Retirement Planning for Workforces

Coordinated group RRSP, DPSP, or pension options help employees save and help employers differentiate. Tyler sets contribution rules, eligibility, and investment education so participation and outcomes improve over time.

Tyler’s Approach

  • Meets with decision makers 2 to 3 times per year to review trends and budgets
  • Educates leaders so decisions are confident and transparent
  • Balances culture, competitiveness, and cost sustainability
  • Communicates clearly with actionable guidance and no jargon

He participates in Canadian Group Insurance Brokers to stay current on best practices, bringing that insight to each group benefits plan he manages.

People Also Ask

What does an employee benefits and pension advisor do
Designs and manages a group benefits program and group retirement plan that support attraction, retention, cost control, compliance, and employee engagement.

How can small and mid sized employers keep benefits affordable
Use a clear funding strategy, set sensible maximums and coinsurance, apply drug plan cost controls, and schedule structured renewal reviews.

What should a competitive group retirement include
Simple eligibility and matching rules, clear investment menus, transparent fees, and ongoing education that ties to the employee benefits plan.

How to Begin Working with a Benefits and Pension Advisor

  1. Define goals for attraction, retention, and budget
  2. Share current contracts, rates, and the latest renewal
  3. Identify employee pain points and desired improvements
  4. Review a design and funding proposal with cost projections
  5. Plan communications and onboarding
  6. Implement and schedule semiannual reviews
Holistic Planning

Why Work With Tyler

Clients value Tyler’s local experience, designations, and consistent follow through. His goal is simple. Provide an employee benefits plan and group retirement strategy that engage employees, support growth, and give leaders confidence in their human capital strategy.

Is Tyler the Right Fit for You

If you are a Northern Ontario business with 10+ employees seeking a clear, sustainable group benefits package, Tyler specializes in group benefits plan design and integrated group retirement that make your business stronger and your employees more engaged.