What you need to know
Whether you envision your golden years filled with world travel or home renovations, your future can be even brighter with the help of the Registered Retirement Savings Plan. With a little saving and planning now, you’ll be able to devote your post-work years to mastering the best activity of all: doing whatever you want!
Plan highlights
Splunk provides a voluntary Group Registered Retirement Savings Plan (RRSP) and Group Deferred Profit-Sharing Plan (DPSP) through Canada Life to help you save for your future. Contributions are deducted from your regular earnings each pay period on a pre-tax basis. You can contribute up to 18% of your income, as long as it falls within the Canada Revenue Agency’s (CRA) limit. For 2023, the contribution limit is CAD 30,780. To review your limit, refer to your most current Notice of Assessment.
To participate in our RRSP plan:
- Complete the RRSP enrolment form found under the Enrolment Kit. Enrolment instructions and a list of our fund lineup is also available. Note: All payroll contributions MUST be made in percentage, NOT dollar, amounts.
- Scan and email the completed form to Owen & Associates. Signed originals are not required.
You’ll have control over how your contributions are invested and receive access to manage your account online.
Splunk matches up to 5% of your earnings, depending on how much you contribute. The DPSP is for contributions that Splunk makes on your behalf. Here’s how it works:
| Your contribution | Splunk’s contribution |
|---|---|
| 1% | 1% |
| 2% | 2% |
| 3% | 3% |
| 4% | 4% |
| 5% | 5% |
Bonus Deferral Program
If you participate in the Corporate Bonus Program, you’re eligible to defer up to 70% of your bonus and move those funds to your Retirement Savings Plan. Deferring your bonus can help you save on taxes and investment management fees. Learn more about the Bonus Deferral Program by reviewing the FAQ.