Cannabis 401(k)

Cannabis companies are operating in a highly competitive hiring market and should have the tools necessary to interest quality candidates, including attractive employee  benefits.  Providing  a high- quality 401( k) plan should be one of those tools.   Four  in  five  employees  indicated they prefer benefits and perks over a pay raise and a 401( k) plan ranks in the top five requested benefits according to a recent Glassdoor survey.  Already the largest  workforce segment,  millennials find benefits particularly  appealing: for 90% of employees 18 to 34 years old, benefits are actually valued more than pay.

Top candidates looking for a long- term relationship with a company evaluate a 401(k) plan offering when choosing which companies to apply to or deciding between multiple  job  offers.  Therefore,  a high quality 401(k) plan can be a “ tie-breaker” for candidates when determining which  job  offer  to  accept.

Contact me if you are interested in discussing implementing a 401(k) for your cannabis business or a suite of other retirement and executive compensation benefits.