Benefits of a Quebec City Retirement Plan Consultant
Quebec City, the capital of Quebec and one of the oldest existing cities in North America, is an attractive destination for many retirees. The area is known for its cultural institutions, theaters, museums, and visible history. The many festivals that go on year-round are famous with tourists and locals alike. To take advantage of this, companies in the area should hire a Quebec City retirement plan consultant to craft a comprehensive plan to help their employees retire comfortably in this popular city.
The population of Quebec City is just over half a million, with 21% of those over age 65. There is a plethora of first-rate medical facilities and hospitals in the area, and seniors can find excellent nursing care in fully equipped residence facilities with high-quality services.
The average rental price for a basic assisted living apartment in Quebec is $1,902. Adding care to the assisted living rent price raises the expense to over $3,000. To put that in perspective, the cost of living for a family of four is $4,400, with monthly rent at $1,530. For companies in the Quebec City area, helping employees prepare for retirement with appropriate planning, health and retirement plans should be a high priority.
Construct a High-Quality Retirement Plan
A retirement plan consultant is a great choice to assist in the development of a comprehensive group retirement plan that corresponds with your corporate goals. HUB consultants provide assistance with analysis, performance monitoring and independent governance support to ensure compliance and quality of your group retirement plan.
Meet Worker Needs
Group retirement plans carry a multitude of benefits for the employee and the employer. With many retirements now lasting for 30 years or more, it is more important than ever for employees to plan for their futures. 42% of employees who are members of retirement plans also want to receive advice on planning for the lifestyle they hope to support during retirement.
Support Employees in Retirement Transition
Retirement is an important and often emotional time of transition in an individual's work life cycle. The use of a retirement plan consultant can assist in providing a holistic approach to supporting employees' financial and overall health as they plan for and reach retirement. HUB consultants offer forecasting tools and help with the consolidation and conversion of assets to income.
Support Families in Retirement Planning
Retirement planning should incorporate the entire family and provide support for comprehensive needs. Retirement plan consultants provide individual review meetings via email, phone, virtual conferencing or in person. Group retirement education programs can assist employees with the development and monitoring of their plans and the progression of their savings.
Create a Recruiting Benefit
A comprehensive compensation package is important when recruiting and retaining employees in today's competitive hiring environment. One aspect of benefits packages that are too frequently overlooked is a group retirement plan. A well-designed plan can assist an organization in attracting and retaining talent while providing employees with confidence in their financial health.
Improve Loyalty
A group retirement plan in the workplace not only serves to support employees as they plan for the future but also benefits the company by increasing employee loyalty. 87% of employees who participate in an employer-sponsored retirement plan say they are more likely to speak positively about their employer and recommend them to friends.