Edward Jones Retirement Plans

You can withdraw from the Group RRSP at any time, but you’re encouraged to wait until retirement age to make withdrawals.

Required distributions

You’ll automatically receive distributions from your retirement plans for the following scenarios:

• The year you turn age 71
• Death (distributed to your beneficiaries)
• Termination of employment

DPSP hardship withdrawals

You can withdraw from your DPSP if you face a severe financial hardship due to a sudden or unexpected illness or accident, loss of property due to casualty or other similar, extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the associate.

Group RRSP

You will receive two contribution receipts each year:

1. One for the first 60 days of the year
2. Another for the remainder of the year

You can apply the first 60-day receipt to your prior year taxes, or you can apply it toward the current year. Consult your tax advisor for specific guidance.

DPSP

You will not receive contribution receipts for the firm’s contributions. These amounts are listed on your T-4 as a “Pension Adjustment (PA)” and affect your contribution room for the following year payment.

Example: The firm’s 2021 profit sharing and matching contribution are earned in 2021 and paid into your DPSP account in January 2022. These amounts appear as a PA on your 2022 T-4 and impact your contribution room for 2023.

You will want to make your own decisions about how to invest your accounts.

Take the Risk Tolerance Questionnaire to help you determine which option may be right for you. The Morningstar® Fund Report on the Sun Life website provides a complete overview of each fund and its investment risk and objective.

Log into your Sun Life account to learn about your investment options and make your choices.

• Funds for each product: Financial Centre > Accounts > Investment performance
• Investing fees: Accounts > Account fees
• Morningstar® Fund Report: Financial Centre > Quick Links > Investment performance > Fund Report and Updates

Profit sharing contributions are discretionary, meaning the company decides each year if it will make a contribution and, if so, how much it will be. The same percentage is paid to all associates, but the dollar amount received will vary based on compensation.

Your contributions are posted following the end of the plan year, generally around late February.

Review which earnings are considered when determining profit sharing eligible earnings:

Average contribution

When combined with matching contributions, the total contribution from Edward Jones has averaged nearly 5% of the typical associate’s salary over the past 10 years. This is much higher than the most common employer match of just 3%.

The chart below shows the contribution percentage for each year since 2014.

All full-time associates are immediately eligible to contribute to the Group RRSP.

Part-time associates are eligible after being compensated for 910 hours in the first year of employment or any subsequent calendar year. Once you become eligible, you remain eligible.

All non-sales associates are eligible for the firm match if they:

• Are hired prior to Jan. 1 of the plan year
• Receive compensation for at least 910 hours during the plan year
• Make Group RRSP contributions through payroll deduction during the plan year
• Are employed by Edward Jones on Dec. 31 of the plan year

All associates are eligible for profit sharing contributions if they:

• Are hired prior to July 1 of the plan year
• Receive compensation for 910 hours during the plan year
• Are employed by Edward Jones on Dec. 31 of the plan year