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Profit-sharing Plan (DPSP)

USLI offers a profit-sharing plan, which is a type of retirement benefit where the company contributes to USLI Canada community members’ accounts based on their earnings. Unlike an RRSP, community members don’t contribute to this plan themselves, but they do have control over how funds are invested.

 

Here’s how it works:

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Enrollment

  • Community members are eligible on their hire date, but they need to actively enroll to participate.
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Company Contributions

  • USLI contributes up to 15% of community members’ total earnings (including base salary, bonuses, commissions and overtime) into their accounts at the beginning of each calendar year, based on the prior year’s earnings.
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Taxes

  • Contributions and the income they generate are tax-free until they are withdrawn.
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Vesting

  • 100% vested after two years of participation for anyone starting
    January 1, 2026, and on.
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Investment control

  • Community members decide how funds are invested, providing flexibility to align with your family’s financial goals.
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Beneficiary management

  • Community members select a beneficiary and are encouraged to review it annually to keep it up to date.

This plan is a meaningful part of USLI’s benefits package and a great way for your family to build long-term financial security. If you have questions or need help enrolling, reach out to the Benefits team at benefits@usli.com.