Sun Life Essentials Plus™ provides the same benefits as Sun Life Essentials™, with some key enhancements offering more choice and flexibility as well as broader investments options for employees.
- Minimal decision-making for Clients and plan members
- Quick and easy plan setup
- Minimal plan administration
- Low fees
- No asset transfers required
- No minimum contributions
- my Sun Life mobile app access
In addition to the above, plan members have access to the following capabilities:
- More choice and flexibility: an RRSP and TFSA, or an RRSP, TFSA and DPSP
- Broader investments options:
- target date portfolio: active and passive
- individual funds to build a custom portfolio
|
Sun Life Essentials™ |
Sun Life Essentials Plus™ |
|---|---|---|
Best for |
Cost-focused employers seeking simplicity |
Employers wanting to offer investment choice |
Investment options |
1 passive Target Date fund series + GIA and GDIAs |
12 funds + GIA and GDIAs including Target Date fund series (Active or passive) |
Target Date Funds (TDF) Management fee |
0.90% |
Starting at 1.20% |
Workplace products |
RRSP, TFSA |
RRSP and TFSA RRSP, TFSA and DPSP |
Additional products through Sun Life Choices Flex |
Non-registered, FHSA |
Non-registered, FHSA |
Glossary of terms
- GIA: Guarantee Interest Accounts
- GDIA: Guaranteed Daily Interest Account
- RRSP: Registered retirement savings plan
- TFSA: Tax free savings account
- DPSP: Deferred profit sharing plan
- FHSA: First home savings account
Ready to get started with Sun Life Essentials Plus™?
This product is only available through a plan advisor. To apply, sign in to our Plan Advisor Services site.
For SLFD, a plan advisor number is required. If you don't have one, please use the "Contact us" below.
Need a plan advisor, or looking for a standard proposal? Contact Chris Lamanna, Regional Director Business Development at christopher.lamanna@sunlife.com.
Want to work with Sun Life?
Complete and submit this short form and we’ll reach out to you.
Contractual documents
- RRSP group annuity policy (Police de rente collective – REER)
- RRSP plan text (Texte du régime – REER)
- DPSP group annuity policy (Police de rente collective – RPDB)
- DPSP plan text (Texte du régime – RPDB)
- DPSP trust agreement (Convention de fiducie – RPDB)
- TFSA group annuity policy (Police de rente collective – CELI)
- TFSA plan text (Texte du régime – CELI)
- RRSP/DPSP/TFSA service and fee agreement (Entente sur les frais et services – REER/RPDB/CELI)
- RRSP/TFSA service and fee agreement (Entente sur les frais et services – REER/CELI)