Retention is getting harder

Finding and keeping great people is harder than ever. For many businesses the issue isn’t just pay, it’s long-term security. Losing a single specialized employee can cost far more than you think: recruiting, training, lost institutional knowledge, and the productivity hit while you search for a replacement.

A group pension plan gives you a practical, budget-friendly way to keep your team and protect your business.

The cost of turnover (and why pensions matter)

Even if your turnover rate looks low on paper, replacing specialized staff carries outsized costs. When a role requires specific skills or institutional knowledge, the cost of replacement multiplies: higher salaries to attract talent, longer ramp times, and potential mistakes while the new hire learns the ropes.

A pension is a great way to show employees that you care about their future at your company.

What is a group pension plan?

A group pension is a structured retirement savings program offered through the employer. You choose how much to contribute (or whether to match employee contributions). Money grows tax-deferred, giving employees a powerful long-term savings vehicle, and offering employers predictable budgeting and tax advantages.

Why offer one?

A pension plan does three things for your business:

• Attracts candidates who value long-term security.
  
  
• Reduces turnover by increasing employee loyalty.
  
  
• Improves focus and productivity because employees aren’t distracted by financial stress.
  
  

Put another way: a one-time salary bump is quickly forgotten and taxed immediately. A pension builds loyalty that lasts decades.

Busting common myths we hear

• Myth 1: Young workers don’t care about retirement.
  Fact: 75% of employees under 30 already worry about their future savings.
• Myth 2: Health and dental matter more.
  Fact: Many employees rank pensions above traditional health benefits.
• Myth 3: Retirement benefits don’t attract candidates.
  Fact: 78% of job seekers say a pension plan influences their decision to accept an offer.

The employer advantage - clear, measurable benefits

• Tax-deductible contributions help your bottom line.
  
  
• Retention and engagement lower hiring and training costs over time.
  
  
• Administrative support from a provider keeps the program simple for you.
  
  

How it works - simple setup, scalable options

1. Choose a contribution level that fits your budget.
   
   
2. Set up employee contributions through payroll.
   
   
3. Investments grow tax-deferred.
   
   

Real results

At Custom Group Services we’ve helped more than 20 companies lower turnover by implementing group pension plans. Employers get tax savings and predictable budgets; employees get long-term savings and peace of mind. That combination translates into fewer departures and stronger teams.

Why Custom Group Services?

With 7+ years in the industry we offer:

• Custom plan designs tailored to your business size and budget.
  
  
• Scalable options whether you’re a small team or growing fast.
  
  
• Real people answering the phone - no 1-800 numbers.
  
  
• Trusted advice and ongoing support.
  
  

Ready to get started?

If you’d like to explore a group pension plan that attracts and retains top talent, let’s talk. Send us an email, info@customgroupservices.com. We’ll design a plan that gives your employees financial stability…and a competitive edge for your business.

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