The 2011/12/28 at 13:19
Mutualist and based on equal representation, the Malakoff Médéric group is number one in complementary pension schemes (20 % of French businesses are members of the group) and a major player in social protection, complementary health and contingency insurance, and savings. “The group offers a panel of solutions meeting all needs of company heads,” indicates Olivier Sentis, Manager of Pension Savings and Profit Sharing for the Malakoff Médéric group. “Maintaining good social relations within a company is primordial and costs less than taxable employee advantages.”
The Malakoff Médéric has drawn together its profit-sharing and pension-savings solutions (individual and collective). “Profit sharing can also be a pension-savings solution,” points out Olivier Sentis. At a time when financial markets are feeling the brunt of the global economic crisis, “the financial assets of profit sharing under management have reached a historic peak in France,” specifies Erwann Deschamps, General Manager of Fédéris, the entity of the Malakoff Médéric group dedicated to profit sharing (2,000 companies and 80,000 employees covered, turnover of 3 million euros, 300 million euros of assets under management).
Since 1995, profit-sharing assets have not ceased to climb, moving up from 19 billion euros in 1995 to 88.6 billion euros in 2010. While 93.7 % of companies with over 500 employees and 77.3 % of companies with 50 to 499 employees already have a profit-sharing solution, smaller companies are also getting interested due to the tax and social advantages they offer. Indeed, for every 100 euros paid by the employer into a profit-sharing savings plan (PEE or PERCO), the total cost for the employer will not exceed 108 euros and the sum received by the employee will be 92 euros. In this way, savings on social contributions are considerable, for the employer as much as for the employee. It is worth noting that for the employee, sums that are not subject to income tax or tax on generated capital gains are not taxable.
The employer can feed the PEE or PERCO in different ways: participation (statutory profit-sharing), intéressement (discretionary profit-sharing) and abondement (matching contributions from the employer) that allow the sum contributed by the employee every year to be increased by as much as three times. In addition, the employee can proceed to make extra contributions: up to 25 % of his gross annual salary. Sums placed into a PERCO remain frozen until retirement, except for five cases of early unfreezing (namely for the purchase of a primary residence). Meanwhile, sums placed into a PEE are frozen for five years only and benefit from ten cases of unfreezing corresponding to important life events (namely the purchase of a primary residence, the birth of a third child, marriage or divorce).
“In PEEs, money remains frozen for an average of 30 months,” Philippe Hugot, Sales Manager of the group in charge of insurance and collective savings. As a supplement to these measures, companies can set up time-saving accounts allowing untaken leave to be converted into money and permitting the transferral of up to ten days per year to the PERCO (5 days in the case of the absence of a time-savings account), while benefiting from tax and social contribution exemption.
“Thanks to its specialists in all savings solutions existing on the market, Fédéris has a major asset for supporting businesses,” remarks Erwann Deschamps, who insists on the possibility for corporate clients to deal with a single contact for all solutions at their disposal. In the face of life’s many uncertainties, access to saving solutions, whether to finance one’s retirement, to invest, or to face life’s more demanding moments, meets an essential need amongst individuals. The group has thus found a fitting leitmotiv: “Helping individuals to age well”.