The bulk of the cost of offering a retirement plan to your employees will come from the employer contribution, if the employer decides to contribute to their employee plans. GRRSPs can be set up with no employer contribution, just voluntary employee contributions.
Other fees include Investment Management Fees (“IMF”) which can be paid by the employees or the employer.
For DCPPs, additional fees will include annual filing fees, and possibly auditor fees. Contact us for inquiries for setup fees.