Why Achievers switched to Wealthsimple for Business
And boosted savings plan participation by 30%
May 28, 2025
About Wealthsimple for Business
Wealthsimple changed the way Canadians do finance. Now Wealthsimple for Business is doing the same for retirement and group savings plans. With a range of simple, accessible plans, we’re boosting flexibility and financial wellness for employees while lowering costs and administration for employers. Help your employees save for whatever goals matter most to them with a digital-first experience they’ll love.
About Achievers
Achievers is a global employee recognition platform with over 600 employees across seven countries. Headquartered in Toronto, they help companies worldwide build high-performing cultures through frequent recognition and rewards.
The challenge: a legacy plan that no longer fit
When Achievers spun off from their former parent company, they inherited a traditional defined benefit (DB) pension plan with a lot of limitations:
- Low flexibility — locked-in contributions created friction and employee dissatisfaction.
- Heavy admin — loads of regulatory paperwork and third-party management made it difficult to use.
- Low participation — especially among younger employees.
Kristy Jones, Achiever's Vice President of Employee Success, quickly saw the disconnect. The legacy plan didn't align with Achievers' forward-thinking, employee-first culture or the needs of a diverse team with most employees under the age of 35.
They needed a flexible savings program that was intuitive to use and supported a variety of financial goals, from buying a first home to funding career-building education. Their legacy plan also came with heavy admin requirements, reporting obligations, and third-party management, making it resource-intensive and costly to maintain.
Why Wealthsimple for Business was the perfect partner
After a thorough vendor review, Jones chose Wealthsimple for Business over three other vendors. These key benefits made Wealtshimple stand out:
- A clean, intuitive app that employees actually wanted to use
- Inclusive investing options (like Halal or socially responsible portfolios)
- Self-serve onboarding and contribution management
- Seamless payroll integration with little to no manual lift.
Achievers switched to Wealthsimple for Business’ Group RRSP, keeping their existing employer match formula and quickly delivering more flexible, easier-to-use, and inclusive savings benefits with less admin burden.
Financial wellness by design
For Achievers, the shift to Wealthsimple for Business was more than a platform change. With financial well-being as a core pillar of their employee wellness strategy, it was a crucial move to align their benefits with their values.
Achievers actively promotes financial education and enables employees to take ownership of their financial futures. They found a natural partner in Wealthsimple for Business, a platform that delivers financial flexibility with intuitive tools built around employees' real-life needs.
