Case Study

Los Angeles Health Care Services

An important part of the community, a home health care company wants to help their 1099 contractors build their financial security and save for their futures.

350

Full time 1099 employees

$8,640

Dollars saved annually

8

Hours to
implement

1.5

Hours of admin time monthly

Challenge

They were unable to offer a traditional plan to their 350, 1099 workers because they are not classified as employees.

Result

Using Icon’s Primary plan the company is able to extend retirement savings benefits to their workforce for the first time.

It works like a 401k plan but for 1099 contractors, this is a huge help to our business.”

– Controller

Location

Los Angeles, CA

Industry

Health Care

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

$9,600

$18,240

Mandatory matching

$0

$700,740

Fiduciary Insurance

$0

$70,074

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