In response to successfully supporting the cannabis industry with their 401(k) plan needs, Leading Retirement Solutions (LRS) has launched an additional employee benefits solution: The Cannabis Cash Balance Plan.
Seattle, Washington July 8th, 2020 – Thanks to the employee benefits experts at Leading Retirement Solutions, cannabis companies can now legally add a Defined Benefit or Cash Balance Plan to their employee benefits package and start saving money! Having seen great success with the Leading Cannabis 401(k), LRS has teamed up with veterans from the financial service sector to launch the Cannabis Cash Balance Plan; a trustee directed retirement plan solution for organizations operating in the cannabis industry. By partnering with an approved retirement plan custodian the new strategy supports Defined Benefit, Cash Balance, and other Trustee Directed Retirement Plans. With nationwide availability, this solution overcomes the traditional barriers cannabis companies face when looking to implement a legal retirement plan.
“A company-sponsored retirement plan, like a Cash Balance Plan, is one of the most requested employee benefits,” says Kirsten Curry, Founder and CEO of LRS. “It’s also one of the most cost-effective employee benefits, at one quarter the general cost of what a company typically pays for medical benefits.”