PEP goes to Pot

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

We have a Pooled Employer Plan (PEP) for so many things, so a Pot PEP seems OK.

The North American Companies Council (NACC), a 501(c)(6) not-for-profit in the cannabis industry started offering a 401(k) Pooled Employer Plan (PEP) to its members. The PEP serves “cannabis-related entities across the country.”

CuraFin Advisors, is the PEP’s 3(38) investment manager. Group Plan Systems (GPS), will be the Pooled Plan Provider (PPP) for the PEP. AmericanTCS’s American Trust Retirement will provide recordkeeping and third-party administration. AmericanTCS’s American Trust Custody will serve as sub-custodian, and Bankwell will serve as custodian.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Ary Rosenbaum - The Rosenbaum Law Firm P.C.

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Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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