Case Study

Boston Tech Start-up

This Massachusetts start-up wanted to offer their full-time employees a best in class retirement plan.

12

Full time W-2 employees

$1,728

Dollars saved annually

1.5

Hours to
implement

15

Minutes of admin time monthly

Challenge

They were looking for a plan that reduced operational costs, is easy to use and doesn’t require a lot of management. They spoke to a handful of 401k providers and they couldn’t find a plan that met their requirements.

Result

Using Icon’s Primary plan they were able to set up their plan in a couple of days.

I didn’t want the fiduciary burden that comes with a 401k plan, plus we don’t have to have fiduciary insurance.”

– Founder

Location

Boston, MA

Industry

Tech Start-Up

Years in Business

10

The Icon Difference

We've automated plan administration and removed the complexity, fiduciary risks, and federal filing requirements of traditional plans, making Icon the easiest, most affordable plan on the market.

Icon

Average Provider

Plan admin costs

$233

$2,016

Mandatory matching

$0

$25,416

Fiduciary Insurance

$0

$2,541

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