Orano Retirement
Savings Plan
BMA Group and Mallard Wealth have established a unique ad strategic partnership to provide members of the Orano Group Retirement plan with the best in financial service and advice. In conjunction with Orano and Canada Life, BMA Group and Mallard Wealth will consult, design, implement and monitor the Group Retirement Savings Plan.
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Our commitment goes beyond numbers; it's about empowering you to make informed decisions that shape your financial future. Whether you're envisioning retirement or seeking strategic benefits, BMA Group and Mallard Wealth are here to transform your financial aspirations into a tangible reality.
BMA Group
BMA Group is a Saskatchewan based advisory firm that helps business owners and professionals construct, implement, and maintain group retirement and benefits programs. BMA works with organizations of all sizes, and our diverse client base spans across Canada. BMA Group strives to cultivate lasting relationships with clients, that are built on communication, accountability, and professional service.
Mallard Wealth
Mallard Wealth is an independent, comprehensive, and integrated financial advising firm based in Saskatoon. Serving all of Western Canada, Mallard Wealth is committed to bringing you financial well-being that puts your mind at peace. Mallard Wealth has built a team of highly skilled Wealth Advisors that use vast expertise to create highly customized and holistic financial plans.
Advantages
As a member of the Orano Retirement Savings Plan, you can expect dedicated and passionate client service, as well as unparralleled attention to detail. Among these service related benefits, some plan level advantages are highlighted below.
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Investment Management Fees (IMFs) are lower than an employee would be able to negotiate on its own
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Portability and continuity is ensured for members who may move from one employer to another
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Personal Financial advice for all members available at no extra cost
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Allows transfers in from other plans and voluntary contributions e.g. RRSP they may have at other institutions
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Curated top performing investment options in all asset classes that are committed to Socially Responsible Investing (SRI)
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Administration of the plan is performed by BMA Benefits and Canada Life (e.g. Adding and removing employees, any required reporting, etc.
Plan Details
Eligibility
Employee Required Contributions
Employer
Contributions
In-Service Withdrawal Restrictions
Investment Default
RRSP
Permanent employees will join the RRSP plan according to the waiting period outlined in their employment contract. After enrolling, employees will make required contributions, and may also make voluntary contributions.
Permanent employees contribute 6.5% of earnings.
The Employer contributes an amount equal to 100% of the Employee's required contribution that would otherwise exceed the maximum annual RRSP contribution level as set by CRA.
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The Employee's contribution is reduced to a level that when combined with the normal Employer contribution equals the CRA maximum annual contribution level. All Employer contributions are immediately vested to the Employee.
Withdrawal of Employee and Employer All contributions may be withdrawn contributions are not permitted unless required by law.
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Withdrawals of voluntary contributions are permitted at any time.
Cadence Lifecycle Funds.
TFSA
Employee may join the plan at any time.
Employees are not required to contribute to this plan.
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Employees may contribute any amount up to the CRA.
Employer does not contribute to this plan.
All contributions may be withdrawn at any time.
Daily Interest Account.
Fund Information
Click on a fund title to go directly to the Fund Facts. Fund Information and Rate of Return numbers are updated quarterly.
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Target Date Fund
(Default)
Cash & Cash Equivalent
Asset Allocation
Specialty
