Retirement Plan Services

Simplified Cannabis 401k Retirement Plans

Compliant, simple, and scalable retirement solutions tailored for cannabis companies.

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Featured Clients

Offer a 401k Plan to Meet State Mandates

A recent Federal Reserve survey uncovered that 1 in 4 working adults have no retirement savings. To help address this growing concern, states across the U.S. are enacting laws requiring businesses to provide employee retirement savings plans. Currently, 18 states have passed legislation, with more than 30 others actively considering it. For cannabis businesses, it’s traditionally been difficult to offer retirement plans. But not anymore.

Save money and simplify employee benefits with an industry-specific plan designed for cannabis employers.

Key Features and Benefits

Built with your needs in mind

Affordable Retirement Plans for Small Businesses

Take advantage of a Multiple Employer Plan (MEP) that spreads the cost and administrative burden with others
More affordable and easier to manage
Secure lower costs with institutional pricing
Reduce liability with comprehensive fiduciary support

Retirement Benefits That Attract & Retain Talent

A fiduciary advisor to help them with their financial needs
A dedicated support team to help with any issues
24/7 online access and mobile app
Participant education and advice
A managed account that gives participants a personalized investment allocation

Simple Plan Management

360 payroll integration between Würk and plan administration platform
ACH pulls for all contributions rather than having to wire the funds
Don’t have to do banking due diligence twice
A dedicated support team

Stay Compliant

Full Investment Advisory and Investment Management Fiduciary Protection by intellicents* acting as a 3(21) and 3(38) advisor
Streamlined administration and compliance process
No annual audit

Already have a retirement provider? Ask about how our carrier connections allow for seamless vendor integration to help you simplify your retirement administration processes!

Curious About Tailored Retirement Plans for Your Business?

Speak to an expert today to understand how Wur(k)’s retirement plan options help you attract top talent, enhance retention, and build a competitive benefits package.

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Additional Services for Business Owners

Integrated Human Resources & Retirement Solutions for Cannabis Businesses

Payroll

Automated payroll designed for the cannabis industry

Timekeeping

Streamlined tracking for employees

Recruiting

Applicant tracking made easy

Compliance

Easily and quickly reduce risks

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Our Clients’ Success Is Our Story

Customer Review

Best Platform

“I would never want to be with a payroll company that was not focused There is no perfect payroll or HR system. But what I will say about Würk is the comfort and the confidence I have that I’m never going to get a call saying, ‘Sorry, Jushi.’”

Chief Retail & People Office, Jushi

Case study

Complex Labor Regulations

Aster Farms

Aster Farms is a sustainable cannabis brand in Northern California, dedicated to providing the highest quality flower through clean, safe cultivation practices. An outdoor grow with native soil allows Aster Farms to provide a pure product while decreasing environmental impact.

Customer Review

Super Easy

“It was so easy to navigate that I basically taught myself. More than that, their support team is excellent! They work with you until a resolution that actually works for you is found.”

HR Generalist, Revolutionary Clinics

Customer Review

Very Friendly

“I enjoy working with their support team. Very friendly and helpful. They take our problems seriously and seek to find a solution in a timely manner.”

VP of HR, Revolutionary Clinics

Customer Review

100% Easier

“WURK has made our payroll processing, reporting, scheduling, timekeeping and onboarding needs 100% easier and better to manage! If you are looking to automate your process’ and allow your employees ease of access into the platform, WURK is for you.”

Human Resources, Perfect Union

Customer Review

Absolutely Wonderful

“Würk is not just a provider, they are a partner in our day to day business! Our account manager is absolutely wonderful and checks in with us frequently to ensure we are utilizing the system to its fullest extent.”

Senior Manager of Payroll, TerrAscend

Case study

Human Capital Management

Green Dragon

Green Dragon Cannabis Company is a premium recreational cannabis operation in Colorado. In 2018, they began to realize the disadvantages of utilizing separate systems to perform payroll, timekeeping, scheduling and applicant tracking. Their data collection became fragmented, their insights were unreliable, and they were ultimately dropped by their mainstream payroll provider.

Customer Review

Phenomenal

“The Wurk team is phenomenal! Highly recommend this company for all of your cannabis payroll & HRIS needs.”

HR Director, iAnthus

Customer Review

Professional

“We have partnered with Wurk for over four years for our payroll needs. They are professional, responsive, and rarely do I experience issues with the platform. Would definitely recommend!”

HR Director, Botanic Business Services

Customer Review

Reliable

“Wurk has been an invaluable partner for us as our payroll provider and HRIS platform. The platform is reliable—we can’t even recall the last time we experienced downtime due to Wurk.”

Director of HR, Vireo Health

Case study

Compliance and Risk Management

Loudpack

Loudpack operates a purpose-built, pharmaceutical standard cultivation and manufacturing facility in California. Their business was disrupted when they were dropped by their previous provider with little notice.

Customer Review

Truly Integrated

“We have been using Wurk for almost four years now, and it continues to improve and offer more. As a company we like that Wurk is providing more services to have a truly integrated payroll system, especially in the Cannabis space.”

HR Manager, Solar Cannabis Co

Case study

Compliance and Risk Management

Halo Collective

Halo Collective is a leading, vertically integrated cannabis company with several brands in its portfolio, including Winberry Farms, FlowerShop, Hush, and more. Founded in 2015 in Medford, Oregon in the heart of the Emerald Triangle, Halo has expanded into a global operation that cultivates, extracts, manufactures, and distributes quality cannabis products. Part of Halo’s success comes from partnering with trustworthy leaders in the industry, and their partnership with Wurk is no exception.

Customer Review

User Friendly

“I have enjoyed using Wurk for the last few years in the cannabis industry. The platform is very user friendly, and their customer support staff are helpful and informative.”

Logistics Supervisor, Curaleaf

Frequently Asked Questions

What is an employer match?

An employer contribution is where the employer chooses to contribute additional funds to the employee’s retirement account based on the employee’s contributions. They can take various forms, such as dollar-for-dollar matches or partial matches, and they can be subject to vesting schedules, meaning employees may need to work for the company for a certain period before they fully own the matched funds.

What are the contribution limits?

The contribution limits to a plan are set by the Internal Revenue Code. For 2023, the limit for employee contributions is $22,500, with an additional catch-up contribution of $7,500 for individuals aged 50 and older. Employers may also contribute to the plan, but the total contributions must not exceed the annual limit.

What investment options are available?

Investment options within a plan typically include mutual funds, stocks, bonds, and other securities. The plan sponsor can work with a plan provider to design a diverse range of investment opportunities tailored to the needs of plan participants. You choose the plan features that work best for your employees’ retirement goals.

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