Plan Setup Overview
my65+ is a digital retirement savings plan designed to help make saving for retirement easier and more affordable for SEIU members and employers.
By combining group purchasing power, innovative technology, and world-class retirement research, this plan has the potential to deliver up to 3x the value for money of a typical approach to saving for retirement.
This overview outlines each step in setting up your plan, the ongoing maintenance of the plan, what you can expect from the my65+ team, and your role in supporting the plan.
Our digital platform is designed to make plan administration as effortless as possible. We are committed to service excellence and look forward to working with your team!
We will schedule a kickoff call to walk you through each step of the process, so you know what to expect. To get started, complete these two steps:
Employee onboarding is all about education and getting your team to sign up to the plan. To support this stage, you'll need to:
Payroll setup for contributions
Making plan contributions directly from your payroll requires you to share some payroll details to ensure we're allocating the right funds to the right employee account. To set up payroll, follow these two steps:
Accessing the plan
my65+ provides employees with self-serve, online access to enroll in the plan. Their my65+ account will give them 24/7 access to:
- retirement planning tools
- contribution schedules
- fund investment information
- a dashboard to track contributions and investment transaction history
- key member documents
Guided setup and onboarding
We'll provide all the materials you need to announce and educate your team about the benefits of the plan, including a demo of how to enroll.
You’ll receive emails about plan alerts, changes, new features and announcements.
Direct access to customer support
You’ll always have direct access to a member of our customer success team.
Ensuring members understand the benefits of saving for their future and helping them get the most out of their plan is our top priority. In addition to the team education provided during plan onboarding, we provide members with:
Our online support, blogs, FAQs and product videos give members on-demand access to information and educational materials.
Even though the self-serve enrollment is quite intuitive, some people feel more comfortable with a guided approach. Upon request, we’re able to help employees set up their accounts and walk them through things like making transfers from their existing TFSA/RRSP accounts.
All members will see in-app suggestions and feature alerts.
Powered by Common Wealth
my65+ is powered by Common Wealth, an award-winning digital platform that provides tens of thousands of people across Canada with access to a modern retirement savings plan.