Simplified Cannabis 401k Retirement Plan

State-Mandated Retirement Services

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 plans. Currently, 18 states have passed legislation, with more than 30 others actively considering it.

For cannabis businesses, providing this essential benefit has traditionally been inaccessible. But not anymore.

The Wür(k) Retirement Plan is a revolutionary retirement solution designed specifically for the cannabis industry. Available to employers, this plan makes it easy to provide benefits, saves your company money, and helps your employees save for retirement!

Affordable Retirement Plans for Small Businesses

Retirement benefits aren't just reserved for large businesses. Small businesses with fewer than 100 employees may benefit from a Multiple Employer Plan. A Multiple Employer Plan (MEP) is a type of pooled employer plan that brings together many employers with a common connection, like industry or geographic location, to share a plan. Our Wür(k) Retirement Plan is a MEP designed for cannabis business owners to offer retirement plans by sharing the cost and administrative burden with others, making it more affordable and easier to manage.

By leveraging pooled resources, you gain access to institutional pricing, securing lower costs typically reserved for large organizations. Free up your valuable time with expanded administrative outsourcing and dramatically reduce liability through comprehensive fiduciary support.

More savings, less risk, and fewer headaches. Learn about the differences between a traditional 401(k) and a MEP by reading our comparison sheet.

Employee Benefits That Attract & Retain Talent

As the industry continues to mature, so does the need for comprehensive and tailored retirement solutions. Employers in this sector recognize that offering retirement plans is not just a benefit, but a vital investment in the future of their workforce. But while many states are mandating retirement services, most mainstream providers are still reluctant to enter the industry. That’s where Wür(k) steps in.

The Wür(k) Retirement Plan gives your employees access to:

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

When employees feel that their employer is invested in their long-term financial security, they are more likely to remain loyal to:

For Business Owners

Establishing a retirement plan can be a significant step toward securing your financial future and that of your plan participants. Many cannabis businesses are choosing to bypass much of the workload and enhance their benefits by adopting The Wür(k) Retirement Plan.

• 360 payroll integration between Würk and 401k Platform
• ACH pulls for all contributions rather than having to wire the funds
• Don’t have to do banking due diligence twice
• Full Investment Advisory and Investment Management Fiduciary Protection by intellicents* acting as a 3(21) and 3(38) advisor
• Streamlined administration and compliance process
• A dedicated support team
• 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!