Case Study

New York City Hospitality Group

This New York based group had been researching retirement benefits. They wanted to offer a plan to their employees but were unable to find a solution that was affordable and easy to use.

300

Full time W-2 employees

$7,440

Dollars saved annually

4

Hours to
implement

1

Hours of admin time monthly

Challenge

The challenge was how to offer a high quality plan with a small budget for benefits. An additional consideration was wanting a plan that’s easy to manage without any heavy lifting or fiduciary responsibility.

Result

Using Icon’s Primary plan the firm is able to cover their people and at the same time keep costs low and not incur additional operational risk.

We didn’t know a plan like this existed!”

– CFO

Location

New York, NY

Industry

Hospitality

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 market1.

Icon

Average Provider

Plan Admin Costs

$8,400

$15,840

Employer Match

$0

$600,840

Fiduciary Insurance

$0

$2,500

Annual Audit

$0

$10,000

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