CAAT Pension Plan
CAAT Pension Plan is a Toronto-based defined benefit pension plan serving approximately 125,000 members across 850+ Ontario employers and 20 industries, offering the DBplus pension and GROWTHplus Investment Account, with $25.4B in assets under management and a 124% funding ratio.
- Company typePrivate
- Founded1967
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What CAAT Pension Plan does
CAAT Pension Plan is a Canadian defined benefit (DB) pension plan established in 1967 and headquartered in Toronto, Ontario. It provides lifetime retirement pensions, investment management, and employee benefits to approximately 125,000 members across more than 850 employers spanning 20 industries, with Ontario colleges as its historical anchor customer base. Its core product is DBplus, a modern defined benefit pension that combines cost certainty for employers with secure lifetime retirement income for employees; members can layer voluntary savings through the GROWTHplus Investment Account, which allows transfer-in of existing registered retirement savings.
The plan operates on a pooled-contribution and professionally-managed investment model. Employer and employee contributions are invested across public equities, private equity, and real assets; the portfolio reached $25.4 billion CAD in 2024, up from $2.5 billion in 2009, with an 8.4% return in 2024 (below the 11.2% benchmark). The 2025 Valuation reports a 124% funding ratio with $6.7 billion in funding reserves. Underlying technology consists of a pension administration platform with a member portal (PAL), a Pension Estimator tool, an Employer Manual, and employer education/recruitment toolkits. Distribution is direct B2B enterprise field sales into Ontario colleges and workplaces.
The business is governed as a not-for-profit under the Colleges of Applied Arts and Technology Act with FSRA oversight. In early 2026 it entered a governance crisis: three senior executives departed over concerns about a $1.6M unused-vacation payout to CEO Derek Dobson and a workplace relationship, the board chair was suspended by OPSEU, the CEO was placed on leave with CIO Kevin Fahey as acting CEO, Audrey Wubbenhorst was appointed as new chair, and FSRA opened a governance investigation. Despite the turmoil, the plan continues to operate and is actively seeking a permanent CEO.
CAAT Pension Plan firmographics
Firmographics- Name
- CAAT Pension Plan
- Legal name
- CAAT Pension Plan
- Website
- https://caatpension.on.ca
- Company type
- Private
- Founded year
- 1967
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- CAAT Pension Plan is a Toronto-based defined benefit pension plan serving approximately 125,000 members across 850+ Ontario employers and 20 industries, offering the DBplus pension and GROWTHplus Investment Account, with $25.4B in assets under management and a 124% funding ratio.
- Ownership category
- akta.pro rank
CAAT Pension Plan industry classification
Industry- Product category
- Defined Benefit Pension Plan
- NAICS
- Pension Funds (525110)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)
- akta.pro secondary industries
- Pensions & Retirement Benefits Administration (BPAIAKAA), Digital Retirement Platforms (IRA/401(k), Pension & Decumulation) (FSAGAEAF)
Keywords
Where CAAT Pension Plan is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
CAAT Pension Plan business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Pension Contributions: CAAT Pension Plan generates revenue through employer and employee contributions to the defined benefit pension plan. Contributions are pooled and invested to generate returns that fund future pension obligations.
- Investment Returns: Returns on the $25.4 billion asset portfolio (public equities, private equity, real assets) fund pension obligations. The plan earned 8.4% in 2024, with public equity gains of 21.7% offsetting weak private equity returns of 1.5%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | DBplus - Defined Benefit Pension Plan for employers |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
CAAT Pension Plan product offering
Product offeringCore offering
CAAT Pension Plan provides a modern defined benefit pension plan (DBplus) that delivers cost certainty for Ontario employers and secure lifetime retirement income for employees. The Plan also offers the GROWTHplus Investment Account for members to transfer in registered retirement savings and the Pension Estimator digital tool for retirement projections. Professional investment management of the pooled fund across public equities, private equity, and real assets funds future pension obligations.
Product overview
CAAT Pension Plan operates as a unified defined benefit pension platform offering. The core product is DBplus, a modern defined benefit pension combining cost certainty for employers with secure retirement income for employees. Supporting the platform are member-facing tools including the GROWTHplus Investment Account (for retirement savings transfers) and Pension Estimator (for retirement projections). For employers, the offering includes administrative tools such as the Employer Manual (accessed via PAL), Employer Education Guide, Recruitment Toolkit, and Employer Update Sessions. The platform serves over 850 employers across 20 industries in Ontario, providing lifetime pension benefits to members.
Differentiator
Problem solved
Functional benefit
Brands
- DBplus: A defined benefit pension plan combining cost certainty for employers with secure retirement income for employees.
- GROWTHplus Investment Account
Products and services
- DBplus Defined Benefit Pension Plan A modern defined benefit pension plan that combines the cost certainty employers want with the secure retirement income employees need; a flexible solution sold to Ontario employers and offered as a workplace benefit to their employees across 20 industries.
- GROWTHplus Investment Account An investment account allowing CAAT Plan members to transfer-in existing registered retirement savings to benefit from the Plan's investment returns, designed for individual members seeking to grow additional retirement savings alongside their DBplus pension.
- Pension Estimator A digital tool that provides CAAT Plan members with a snapshot estimate of what retirement looks like based on their current pension information, offered to individual members to help them plan retirement timing and income.
Quantifiable outcome
- 124% funding ratio with $6.7 billion in funding reserves
- +2 more outcomes
Companies that use CAAT Pension Plan
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
CAAT Pension Plan technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CAAT Pension Plan partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- ProServeITminorProServeIT hosted its fourth annual #EmpowerWomen event on March 26, 2026, at Microsoft Toronto. CAAT Pension Plan was one of the organizing partners, along with Microsoft, LineZero, Dress for Success Toronto, and The Benefit Code. The event brought together over 80 women leaders and allies for International Women's Day 2026.
- MicrosoftminorMicrosoft partnered with ProServeIT and CAAT Pension Plan for the #EmpowerWomen 2026 event held at Microsoft Toronto, hosting over 80 women leaders.
- Dress for Success TorontominorDress for Success Toronto was a partner in the #EmpowerWomen 2026 event, receiving clothing donations from the event. CAAT participated as a supporting partner.
- LineZerominorLineZero partnered with ProServeIT, Microsoft, CAAT Pension Plan, and others for the #EmpowerWomen 2026 event.
- The Benefit CodeminorThe Benefit Code partnered with ProServeIT, Microsoft, CAAT Pension Plan, and others for the #EmpowerWomen 2026 event supporting women re-entering the workforce.
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
CAAT Pension Plan competitors and assessment
Company assessmentDirect peers
- Ontario Pension Board (OPB): OPB manages the Public Service Pension Plan and the Ontario Public Service Pension Plan for provincial government employees. It shares CAAT's Ontario jurisdiction, DB structure, and FSRA-regulated status, and competes for the same pool of Ontario public-sector employers evaluating pension partners.
- OMERS: OMERS is a multi-employer defined benefit pension plan for Ontario municipal employees with hundreds of thousands of members and multi-tens of billions in assets. It is a direct competitor for Ontario employers, offers similar DBplus-style value propositions, and runs comparable internal investment and member-service functions.
- Ontario Teachers' Pension Plan (OTPP): OTPP administers the defined benefit pension for Ontario's teachers and is the largest single-profession pension plan in the province. It shares CAAT's education-sector roots, DBplus-style structure, scale of assets, professional investment management approach, and Ontario geographic focus.
- Healthcare of Ontario Pension Plan (HOOPP): HOOPP is one of Canada's largest multi-employer defined benefit pension plans, serving healthcare workers across Ontario. It is the closest structural peer to CAAT, sharing the multi-employer DB model, Ontario focus, comparable AUM scale, and similar member/employer self-service digital capabilities.
- OPSEU Pension Trust (OPTrust): OPTrust administers the defined benefit pension for Ontario Public Service Employees Union members and other affiliated employers. It is directly comparable to CAAT as an Ontario-based multi-employer DB plan with similar governance complexity under FSRA oversight.
- Universities Academic Pension Plan: UAPP is a joint trusteeship DB pension plan for non-academic staff at Alberta's post-secondary institutions. While smaller and Alberta-based, it operates the same multi-employer, defined benefit, college/university-adjacent model as CAAT, making it a structural peer for benchmarking plan design and growth strategy.
Broad incumbents
- Sun Life Financial: Sun Life is a major Canadian life insurer and group benefits provider that offers pooled registered pension plans, group RRSPs, and pension administration services. It competes with CAAT indirectly as a broader retirement and decumulation product incumbent serving the same Ontario employer benefit market.
- Workplace Safety and Insurance Board (WSIB) Investment Management: WSIB manages Ontario's workplace safety insurance fund and invests its reserve portfolio with internal investment teams. While not a pension plan, it is a comparable Ontario-based financial institution with large-scale internal investment capabilities and similar FSRA regulatory exposure.
- Canada Pension Plan (CPP): CPP Investments is the national defined benefit pension plan that operates across all Canadian provinces with hundreds of billions in AUM. While it competes with CAAT only indirectly for employer participation decisions, it sets the national benchmark for DB pension service expectations and digital capabilities.
Regional players
- British Columbia Pension Corporation: Pension Corporation administers five DB pension plans for BC's public sector and college/university employees with combined assets of approximately $70B. It is a comparable multi-plan administrator serving the post-secondary sector — like CAAT — but in a different province, making it a regional structural peer rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
CAAT Pension Plan social profiles
Digital presenceCAAT Pension Plan financial estimates
Financial estimateRevenue estimate
Valuation estimate
CAAT Pension Plan leadership team
Management profileNumber of profiles
Profiles6 records
CAAT Pension Plan funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CAAT Pension Plan M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CAAT Pension Plan
What does CAAT Pension Plan do?
CAAT Pension Plan provides a modern defined benefit pension plan (DBplus) that delivers cost certainty for Ontario employers and secure lifetime retirement income for employees. The Plan also offers the GROWTHplus Investment Account for members to transfer in registered retirement savings and the Pension Estimator digital tool for retirement projections. Professional investment management of the pooled fund across public equities, private equity, and real assets funds future pension obligations.
Is CAAT Pension Plan a public or private company?
CAAT Pension Plan is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CAAT Pension Plan founded?
CAAT Pension Plan was founded in 1967. It employs 501 to 1,000 people.
Where is CAAT Pension Plan based?
CAAT Pension Plan is headquartered in Toronto, Canada, in the North America region.
How does CAAT Pension Plan make money?
Two revenue lines are on record. Pension Contributions are the primary driver. The others are investment Returns.
Who are CAAT Pension Plan's main competitors?
Direct peers on record are Ontario Pension Board (OPB), OMERS, Ontario Teachers' Pension Plan (OTPP), Healthcare of Ontario Pension Plan (HOOPP), OPSEU Pension Trust (OPTrust) and Universities Academic Pension Plan. Broad incumbents are Sun Life Financial, Workplace Safety and Insurance Board (WSIB) Investment Management and Canada Pension Plan (CPP). British Columbia Pension Corporation is listed as a regional player.
Does CAAT Pension Plan have an API?
No public API is recorded for CAAT Pension Plan.
What industry is CAAT Pension Plan in?
CAAT Pension Plan's product category is Defined Benefit Pension Plan. Its primary akta.pro industry code is FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors), with a secondary code of BPAIAKAA, Pensions & Retirement Benefits Administration. Its NAICS code is 525110 and its SIC code is 6199.