Leading Retirement Solutions Marks 9 Years as Pioneer in Cannabis 401(k) Services

Leading Retirement Solutions Celebrates 9 Years in the Cannabis Industry

Leading Retirement Solutions (LRS) has reached a significant milestone, marking nine years as the premier provider of cannabis 401(k) plans. Since its inception in 2017, LRS has played a pivotal role in supporting cannabis businesses across all 50 states, understanding that every employee deserves access to retirement benefits.

Empowering a Growing Industry

With the cannabis industry now employing over 440,000 individuals, access to essential financial services, including retirement plans, has been a critical need. Many cannabis companies struggle with the lack of federally regulated banking services, limiting their ability to offer benefits such as 401(k) plans. LRS recognized this gap and stepped in to provide compliant solutions tailored specifically to this highly regulated space.

LRS’s innovative strategy began with the launch of The Leading Cannabis 401(k), which is designed to meet the unique requirements of cannabis businesses. The company didn’t just stop there; they expanded their offerings to include Defined Benefit plans, Cash Balance programs, seamless payroll integration, and fiduciary services.

Continuous Commitment and Support

Over the years, LRS has continually adapted and refined its services to ensure that cannabis businesses can not only attract but also retain top talent through traditional employee benefits. Kirsten Curry, CEO of LRS, emphasizes, “It is deeply unjust that employees of the cannabis industry have experienced retirement savings disruption due to service provider ejections.”

Many cannabis companies faced challenges with other 401(k) providers, often leading to discontinuities in their employees' retirement savings. LRS stepped in to take over these ejected plans, thus ensuring uninterrupted retirement savings for employees across the industry.

Throughout its nine years of operation, LRS has been dedicated to fostering employee engagement and satisfaction by offering essential financial services. The positive feedback from customers such as Hannah Conlisk, Human Resources Analyst for Native Roots, highlights the impact LRS’s services have had on reducing administrative burdens and improving communication.

A Textbook Example of Innovation

Leading Retirement Solutions has not only established itself as a leader in cannabis retirement planning but has also created a blueprint for compliance and innovation. The firm emphasizes the importance of compliance, constant risk assessment, and the tailored service required to navigate the complexities of the cannabis sector. Their dedicated approach has made them an essential partner for cannabis companies seeking reliable retirement solutions.

Additionally, they have formed a coalition of trusted service providers that specialize in the cannabis industry, ensuring that all aspects of compliance and service delivery meet the highest standards.

Looking Ahead

As the cannabis industry continues to evolve and expand, LRS remains committed to ensuring that companies and their employees have access to comprehensive retirement benefits. With the company's experience and its robust offerings, Leading Retirement Solutions stands at the forefront of this evolving market landscape.

To learn more about Leading Retirement Solutions and how they are transforming retirement planning, be sure to visit their website or connect with them on social media. An entire world of financial services designed for the unique cannabis industry awaits.

For further inquiries, you can reach out directly to LRS through their website or contact them via email.