PAOC Group Retirement Savings Plan
Supporting churches and members on their journey to retirement
BMA Group and PAOC have established a unique and strategic partnership to provide churches and organizations of the PAOC with the best in financial service and advice. Our commitment extends beyond the numbers—we’re here to empower you and your team with the knowledge and support needed to make informed financial decisions that shape a secure and thriving future.
Extraordinary Service
BMA Group is a consulting firm providing financial advising to PAOC and its affiliated churches and members. In conjunction with PAOC and Canada Life we will consult, design, implement and monitor the PAOC Group RRSP Plan.
About Us
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.
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“This partnership with BMA Benefits allows us another window, or another door, to help people be prepared for the next stage of their life. And so, we encourage you, I encourage you to reach out and talk to BMA about how this plan could be a benefit to you or your church."
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— JARED CLARKE, CALVARY TEMPLE CHURCH WINNIPEG, DIRECTOR OF CHURCH MINISTRIES
You can expect dedicated and passionate client service, with unparalleled attention to detail
Portability and continuity is ensured for members who may move from one PAOC employer to another​
Curated top performing investment options in all asset classes that are committed to Socially Responsible Investing (SRI)
Investment Management Fees (IMFs) are lower than an employee would be able to negotiate on its own
Plan Details
Contributions
Member contributions are directed into the group RRSP
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Church Employers will be able to determine their own matching contribution of between 2.5% and 9% of an employees gross earnings
​Contributions will be self directed from a professionally curated fund line up
Eligibility
Eligible members are employees (both credential holders and non-credential holders) of a PAOC church, ministry, or affiliate
Voluntary Savings & Transferring Savings into the Plan
Members can contribute additional, voluntary savings either through their RRSP account or through an optional Tax Free Savings Account (TFSA). Whichever account type is chosen as the savings vehicle, the member will benefit from the low Investment Management Fees (IMFs)
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Transfers into the plan from other accounts are permitted. If you are interested in transfering money, contact us
Income at Retirement
There is no guaranteed level of income at retirement. Unlike in a defined benefit pension, the plan member assumes the investment risk. The outcome, therefore, may be more or less beneficial when compared to a defined benefit pension. Get in touch with a BMA Group advisor by following the contact button below
Fund Information
The Advisor team at BMA Group has worked with Canada Life and the PAOC Pension Board to create a fund offering that is robust and aligns with the vision of PAOC. Included with the fund list below are the highly competitive Investment Management Fees (IMFs). These fees are much lower than what you would find on similar investment options of another group or personal retirement plan.
Target Date
Fidelity ClearPath Series
1.218% - 1.286%
Balanced
Balanced Pension Trust (PH&N)
Partners (Dynamic)
SRI Balanced (Mackenzie)
1.373%
1.723%
1.333%
Canadian Equity
Dividend (Mackenzie)
CDN Equity Index (Mackenzie)
SRI CDN Equity (Mackenzie)
CDN Core Equity (Fidelity)
1.233%
1.133%
1.283%
1.415%
Fixed Income
Bond (CC&L)
SRI Bond (Mackenzie)
Bond (PH&N)
1.355%
1.183%
1.303%
US Equity
US Dividend (Mackenzie)
US Index Registered (Mackenzie)
US Growth (Putnam)
US Companies (Invesco)
1.233%
1.133%
1.473%
1.533%
Global Equity
Global Equity (MFS)
Global Equity Index (TDAM)
SRI Global Equity (Setanta)
1.703%
1.163%
1.433%
International Equity
Int'l Equity (MFS)
Int'l Equity Index (TDAM)
Int'l Equity (JPMorgan)
1.713%
1.163%
1.433%
Specialty
Real Estate (GWLRA)
1.533%
Get in Touch
For more information about the PAOC Retirement Savings Plan, or to get in contact with an advisor, fill out the following contact form and a member of the BMA Group staff will get back to you as soon as possible.