Welcome to the GreenPath 401(k) Plan – a Pooled Employer Plan
The Cannabis-Transparent Retirement Solution
At GreenPath 401(k), we are proud to introduce one of the nation’s first fully vetted and transparent retirement plan solutions, specifically designed for the legal cannabis industry. With years of dedicated effort, we have developed a program that complies with federal and state regulations, paving the way for institutional-grade 401(k) providers to serve this unique market. By joining this Pooled Employer Plan (PEP), you gain access to a new, groundbreaking retirement solution that helps businesses pool resources, unlock better benefits and services, lower costs, and reduce your administrative responsibilities. Our commitment remains steadfast in delivering a stable, reliable plan to meet your retirement planning needs.
Why Choose Us?
Why Choose Us? Our competitive advantage stems from the strength of our partnerships and the unwavering commitment of leading financial institutions, including Group Plan Systems, LLC, CuraFin Advisors, First Citizens Bank, Mid Atlantic Trust, and PCS Retirement. These organizations recognize the need for a transparent, long-term solution in an industry navigating unique challenges posed by its federal legal status.
Custodial
Work
With over 20 years of experience in managing 401(k) assets, Mid Atlantic Trust is one of the largest custodians in the U.S., holding billions in retirement plan assets. Their ongoing support of the cannabis industry signals their confidence in its long-term viability, even as other custodians have exited the market.
Custodial Agent and Banking Partner
As one of the largest family-controlled banks in the U.S., First Citizens Bank brings a legacy of financial stewardship and an expanding footprint in the cannabis industry. Their partnership with GreenPath 401(k) allows cannabis businesses to access a federally compliant retirement plan that aligns with the growing financial needs of the sector.
Record keeping and Third-Party Admin
PCS Retirement is among the nation’s largest independent and conflict-free retirement solution providers in the industry, serving over 28,000 retirement plans with over $31.3 billion in assets under management. Their extensive experience in managing 401(k) plans across diverse industries makes them the ideal partner to ensure the seamless administration and compliance of the GreenPath 401(k).
3(38) Investment Manager and Named Fiduciary
CuraFin recognizes that a well-designed and managed retirement plan is critical to the sustainability of your total benefits package and the financial wellbeing of your employees. Focusing on ERISA Plan clients, they are versed in the complexities of successfully managing company-sponsored retirement plans.
Group Plan Systems
Group Plan Systems, LLC is the Pooled Plan Provider (PPP) sponsoring the GreenPath 401(k) Plan. GPS oversees a broad range of activities in the PEP, ensuring it is operating in accordance with the terms of the plan, as well as with current laws and regulations. As PPP, GPS is also responsible for overseeing the PEP’s independent audit and for signing the Form 5500 with the Department of Labor each year.
Green Check
Verified
Green Check Verified offers a user-friendly platform that helps banks and credit unions work with cannabis businesses while staying compliant with AML and BSA regulations. It automates compliance checks and provides real-time reporting, allowing financial institutions to safely serve cannabis companies while reducing risk.
Our Mission is Clear
To offer cannabis operators a reliable and transparent retirement plan for their organization that fully adheres to federal and state regulations. Whether you run a small business or manage a multi-state operation, we stand as your trusted partner, committed to securing your future in an ever-evolving industry.
Despite the complexities, the GreenPath 401(k) Plan provides a compliant and dependable retirement solution. Backed by our institutional-grade partners, and supported at the executive level, we have confidently removed the barriers preventing your business from offering a fully-vetted, top-tier 401(k) plan.
