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The Global Sponsored Group Education Savings Plan has been designed as a voluntary benefit program that can be integrated into a traditional benefit plan, a flex benefit plan or a spending account plan. There is no minimum participation required to start or retain the plan. Payroll deductions are the preferred method of payment and allows the employer to provide value to employees. Global formats your payroll dates and cut off dates within your system and forwards withdrawal amounts in a format that best accommodates your payroll system.
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Employer contributions are completely optional. If you decide to contribute to your employees Education Savings Plan (ESP), the contributions you provide are a taxable benefit to your employee.
The program operates simply with minimum involvement of your company's administration. Your employees deal directly with Global RESP Corporation or its representatives. Procedures are simple for your employees and Global will save them the effort to search for a reliable RESP provider.
If you are thinking of expanding your employee benefits package, think about the Global Sponsored Group ESP from Global RESP Corporation, an outstanding resource. |
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