Deferred Profit Sharing Plan

A Deferred Profit Sharing Plan (DPSP) is an employer-sponsored profit sharing plan that gives an employer the option of linking plan contributions to the profitability of the business and, on a periodic basis, sharing business profits with employees by contributing to the DPSP on each employee’s behalf. Employees do not contribute to DPSPs.

This plan type is only available as a group arrangement, and is usually offered in conjunction with a group Registered Retirement Savings Plan (RRSP).

A DPSP with Manulife offers lower investment management fees (IMFs) than those of individual savings products. As well, Manulife offers access to leading fund managers not generally available to individual investors, plus a diversified fund line-up.