Just like Wealthsimple Invest, we offer low fees for our Group RRSP (GRSP) offering. Employees pay fees of 0.5% for portfolios under $100,000 and 0.4% for portfolios over $100,000, plus a Management Expense Ratio (MER) from the underlying ETFs we invest in, which averages out to about 0.15%.
In comparison, traditional GRSPs with actively managed mutual funds can cost you anywhere from 1.5% to 2.5% of your contributions. That’s a lot of lost earnings – especially considering compound interest over 20, 30 or 40 years.
To get a closer look at how much you’re losing to higher fees over the long-term, check out our fee calculator.
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