Retirement

Retirement

Retirement

The Iron Mountain Retirement Plan, administered by Manulife, helps you save for the future so you’ll be ready for where life takes you.

  • How it works

    Planning for the future is important, and our Retirement Plan is comprised of two different plans — a Group Registered Retirement Savings Plan (RRSP) and a Deferred Profit Sharing Plan (DPSP) — to help you reach your financial goals. Here’s how they work:

    • Group RRSP: The Group RRSP* allows you to make payroll contributions to an account and a retirement income is payable at the age of retirement, which ranges from 55 to 72, depending on your circumstances. Contributions are tax deductible and investment earnings remain tax sheltered while in the plan. Payments out of an RRSP are taxable income to the recipient.

    • DPSP: The DPSP is a trust agreement under which Iron Mountain rewards you by contributing profits to help you accumulate financial assets for retirement. Contributions made by the Company are not tax deductible by you.

    Group Registered Retirement Savings Plan (Group RRSP) Deferred Profit Sharing Plan (DPSP)
    Your Contributions
    You set your basic contribution amount, as a percentage of your eligible earnings, up to the maximum contribution limit under the Canada Income Tax Act. Not applicable; you do not contribute to the DPSP
    Iron Mountain Matching Contributions
    Not applicable; Iron Mountain does not contribute to the Group RRSP 100% match on your Group RRSP contributions up to a maximum of 5.5% of your eligible earnings to the DPSP.

    *You can also choose to have a spousal RRSP.

    Union Employees: Refer to your collective bargaining agreement for eligibility rules.

  • Vesting

    Vesting refers to a portion of the Retirement Plan account that you own. You are immediately vested in all of the contributions made to your RRSP account as well as any matching DPSP contributions from Iron Mountain. This means you own all contributions you and Iron Mountain make to your account.

  • Get started

    1. Learn about your plans at the Manulife welcome site. Enter password IRM1 when prompted.

    2. When you are ready, click Get Started.

    3. Set up your Manulife ID to join the plans. Already have your Manulife ID? Simply sign in. For help setting up your Manulife ID, check the FAQs.

    4. Sign up to participate. Enter access code sudRQCUS so you can choose your plans, beneficiaries, and funds. Remember to enroll in both plans to receive Iron Mountain’s matching contributions to the DPSP.

    If you would like to set up a Spousal RRSP account, please contact Manulife for personalized support.

  • Access Free Personal Financial Planning Advice

    You can talk to a Manulife PlanRight Advisor® about your retirement goals, at no cost to you. An advisor can help you:

    • Optimize your savings in the Iron Mountain retirement plan.

    • Review your investments to determine whether they are appropriate for you.

    • Answer any questions you may have about your personal finances.

    PlanRight Advisors are fully licensed and hold the appropriate qualifications to provide financial advice. Request an appointment with an advisor today.

  • Manage your retirement plan account

    Go to manulife.ca/GRO to:

    • Check your total savings and a summary of contributions.

    • Change the amount that comes off your pay.

    • Transfer money between funds.

    • Change your investment instructions.

    • Check on your personal rates of return for each fund and for all the money in your program.

    • Use Manulife’s planning tools, calculators and more.

    Manage Now

  • Designate a beneficiary

    It’s important to designate one or more beneficiaries for your Iron Mountain Retirement Plan accounts. You will need to designate a beneficiary for both your RRSP and your DPSP accounts separately. Here’s how:

    1. Sign in to your account at manulifeim.ca/retirement using your Manulife ID.

    2. Select “My Member Information” from the My Profile heading.

    3. Choose the account number that you would like to update. Remember to review both the RRSP (20003889) and DPSP(30003889).

    4. Click “Update” in the Beneficiary Information section to add or change your beneficiary.

Disclaimer

© 2024 Iron Mountain Incorporated. All Rights Reserved. This website is not intended to replace the Summary Plan Documents that provide further details on Iron Mountain medical, dental, vision, Flexible Spending Account (FSA), retirement, disability, Life, Accidental Death & Dismemberment (AD&D) and any additional plans available to you. This site is a brief synopsis of key features of your available benefits plans. It's intended to help you use these plans effectively and alert you to actions or situations that could limit the benefits you and your eligible dependents might receive. Refer to the Summary Plan Documents for exact terms and conditions of coverage. If any conflict arises between this site and the official Plan Documents, the terms of the actual Plan Documents or other applicable documents will govern. Iron Mountain reserves the right to change, modify or terminate the plans at any time. This website isn't a contract for purposes of employment or payment of benefits.

Certain employees subject to a collective bargaining agreement are only eligible to participate in certain benefits to the extent provided in the applicable collective bargaining agreement.

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