An innovative 401(k) solution
for the cannabis industry
Final rules have just been released by the US Department of Labor and the IRS extending the opportunity for cannabis companies to form Professional Employer Associations and thus participate in 401(k) plans through a Multiple Employer Plan or MEP.
What’s more, California law now mandates that all employers with five or more employees (including cannabis companies) sponsor a retirement plan. Though this is to be phased in over three years, now would be the perfect time to explore your options with Quintes.
Although these regulations extend 401(k) savings opportunities to your company and employees, you will still need to rely upon a seasoned professional service provider to guide and establish your plan. (Most large financial institutions remain unwilling to provide retirement plan services for cannabis companies).
We understand that you face headwinds when recruiting and retaining employees for the long-term without an attractive benefits program. But that has all changed now.
Quintes is here to offer your cannabis company a comprehensive 401(k) solution from plan design, implementation, administration, investment oversight, and compliance. Let Quintes shoulder the risk and responsibility for your plan.
It’s time to visit with Mark at Quintes about our cannabis industry 401(k) solution, one that allows you and your employees to save for a worry-free retirement.