Multinational Pooling

Multinational pooling allows multinational companies to benefit from favourable insured claims experience on a worldwide basis.  A multinational pooling account is a second stage accounting of benefit plans at the international level. It brings together benefit plans (retirement, death, disability, medical, accident) which have been set up locally for two or more countries.

Advantages:

Multinational companies save money by achieving economies of scale.
It allows the multinational employer to benefit from experience rating at the international level.
Multinational employers receive annual reports regarding the overall costs and performance of their global benefits plans.
There is no extra cost to set up a pool.
Administrative charges are offset against any positive results.
There are no implementation fees and the pool management expenses are deducted from any surplus generated by the global experience of the pool.
Negative balances are carried forward and offset against future positive results, or absorbed by the network, depending on the arrangement.
There are no termination penalties if the customer decides to discontinue the program.

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“There is no one else I would consider using as a referral source to handle benefit planning for my clients!”

Trent Abbott, CHS RHU
President, The Legacy Group

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Earlie Yeun
Complete Brokerage Services Inc.

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Dan Loney, President
Loney Financial Corporation

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David Mason, CLU, CFP, CHS, CIM
Donnelly Advisors Group Inc.

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Trutina Financial

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Laura Eby, Manager of Operations
Association of Yukon Communities

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Amber Jordan, Director – Human Resources, Communication, & Training
Western Concord

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Barb Wong, Human Resources Manager

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Mary McDougall, President
Trellis Seniors Services

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Mark Brennan, Director, Human Resources
MAXIMUS Canada

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Jeremy D. Martin, Managing Partner
Carfra Lawton LLP Lawyers

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VP Human Resources