A group registered retirement savings plan (RRSP) is a company-sponsored plan that an employer offers to all eligible employees. A group RRSP is like an individual RRSP but administered on a group basis by the employer. Contributions are made by payroll deduction, on a pre-tax basis, through a Group RRSP administrator.

Although it is not required for employers to match the contributions, it's excellent way to enhance the group RRSP benefits and add more value.