4 Quick Tips for Creating a 401(k)
Demand for employees continues to grow in the high-flying cannabis industry, but the celebration over such news eases once today’s tight labor market is considered. In 2021, 47 million workers voluntarily left their jobs, and 43 percent of workers cited inadequate benefits as a factor in quitting. As the cannabis industry is not immune to any of these labor challenges , operators can turn to improved employee benefits to help them stand out as an employer of choice . Adding a 401(k) retirement savings plan can be an essential tool for attracting and retaining employees . Given the complexity of the cannabis industry and its hazy legal status in the U.S., it has been challenging for cannabis companies to find benefits providers willing to work with them to offer retirement plans. However, there are options, as a growing number of boutique firms offer 401(k) programs and other benefits for this industry—it just requires the right partners to find the right plan. 4 tip...