Smart retirement made simple
Cannabis-related businesses (CRBs) face unique challenges, but retirement shouldn’t be one of them. WealthRabbit’s SIMPLE IRAs give you a compliant, affordable, and easy way to provide meaningful benefits to your team—no red tape, no delays.
Built for compliance
Because SIMPLE IRAs aren’t tied to ERISA restrictions, cannabis companies can finally offer real retirement benefits.
Attract & retain talent
Offer a competitive retirement benefit that helps you stand out in the job market.
Tax advantages
Contributions are tax-deductible, helping reduce your business’s taxable income while you invest in your team.
Seamless payroll integration
Easily connect your payroll provider, including Gusto, to simplify administration and save time.
The retirement solution built for your cannabis business.
Low cost solution
Affordable and easier to manage than a traditional 401(k). You get the benefits without the price tag.
Quick & easy setup
Setup takes just minutes—no printing, mailing, or physical paperwork required.
Minimal admin work
Manage everything online with — no extra staff needed. You’ll be able to focus on growing your business.
Everything you need to manage SIMPLE IRAs with ease
- Simple onboarding process With our intuitive onboarding process, your team can launch their plan in minutes—no forms, no hassle.
- Flexible investment options Empower your team with a selection of easy-to-use investment options, giving them the control to build their financial future.
- Streamlined plan rolloversSeamlessly transfer your existing retirement funds to WealthRabbit. We handle the process so you can focus on your business.
- Automated contributions Enjoy a hands-off approach to retirement savings. Set up automatic deposits so your team never misses a contribution.
- 24/7 access and controlOur secure online portals give both employers and employees total control over contributions and investments, anytime, anywhere.
Simple, low-cost plans made for cannabis-related businesses
For businesses
SIMPLE IRA
$29 /month*
+ $4 monthly per employee
Ideal for small businesses looking for an easy-to-manage retirement plan with employee contributions.
- Full digital setup
- Payroll integration
- Fund transfers from existing retirement plans
- Full digital setup
- Payroll integration
- Fund transfers from existing retirement plans
*For employees and individuals, a $10 one-time custodian fee and tiered monthly asset management fees (detailed below) apply.
Your privacy, our priority
We prioritize your security with bank-level encryption, secure cloud storage, and strict compliance measures to keep your sensitive information safe. Your retirement data stays private, protected, and accessible only to you.
Trusted by Businesses,
Accountants & Individuals
Small business owners, freelancers, and CPAs across the country rely on WealthRabbit for their team's retirement future.
Frequently asked questions
Due to the federal illegality of cannabis, most financial institutions and retirement plan providers are hesitant to offer traditional 401(k) plans to cannabis-related businesses (CRBs). These plans are governed by federal ERISA regulations, and providers fear violating federal laws such as the Bank Secrecy Act, which can result in severe penalties. This has created a significant hurdle for CRBs looking to offer standard retirement benefits.
A SIMPLE IRA (Savings Incentive Match Plan for Employees) is a straightforward retirement plan that is not subject to the same ERISA regulations as a 401(k). This distinction makes it a compliant and hassle-free solution for businesses in the cannabis industry. It provides a simple, low-cost way to offer a valuable benefit to your employees, helping you attract and retain talent in a competitive market.
Yes, in a number of states, including California and Oregon, cannabis businesses are not exempt from state mandates to provide an employer-sponsored retirement plan. The SIMPLE IRA is a perfect solution to meet these state-level requirements and remain compliant.
WealthRabbit specializes in providing compliant retirement solutions for cannabis businesses. Our plans are built to seamlessly integrate with Gusto payroll, offering a streamlined, automated experience. We provide expert guidance, personalized onboarding, and ongoing support to ensure you can offer a valuable employee benefit without the compliance headaches.
Retirement planning that supports your success
Join hundreds of small businesses and individuals building real financial security with
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