Edward Jones helps you prepare for retirement with two plans – the Deferred Profit Sharing Plan (DPSP) and the Group Registered Retirement Savings Plan (RRSP). The DPSP is where the firm’s contributions go, and the RRSP is where you can save your own money for retirement. Both plans offer tax advantages and help you save for the future.
Deferred Profit Sharing Plan (DPSP)
This plan is funded by Edward Jones. It has two kinds of contributions — profit sharing contributions and matching contributions based on your participation in the RRSP. These contributions will appear as your "Pension Adjustment" (PA) on your T-4 and will affect your contribution room for the year following payment.
- The firm shares profits with eligible associates’ with an annual discretionary contribution.
- The firm also will match eligible associates' contributions to the RRSP – dollar for dollar – up to $500 each year.
- You won’t pay any taxes on this benefit or the earnings in your account until you take it out during retirement.
- You may choose how your account is invested.
- The firm may add a profit sharing contribution to your account each year, based on the success you help create. You get the contribution whether you contribute to the plan or not. This amount has averaged more than 4% over the last 10 years. See Profit Sharing eligible earnings and contributions for the last decade.
Group Registered Retirement Savings Plan (Group RRSP)
- You may choose to set aside money in this plan on a pre-tax basis.
- The firm will match eligible associates’ contributions dollar for dollar, up to $500.
- You also may be able to make contributions to a spousal RRSP through your Edward Jones payroll. Learn more about spousal RRSP contributions.