Case Study

San Francisco Restaurant

This San Francisco restaurant needed to meet the California state mandate and didn’t want to use the plan managed by the state of CA.

20 / 15

Full time W-2 / Part-time and 1099

$1,800

Dollars saved annually

40

Minutes to implement

20

Minutes of admin time monthly

Challenge

This popular restaurant was looking for a way to meet the mandate and offer an easy-to-use plan to their people. 401k plans with their legal requirements and costs was out of reach for this company.

Result

Using Icon’s State plan, they were able to meet the mandate and offer a low-cost, high-quality plan to their people.

It’s great that workers can take their plan with them when they leave, with no rollover or anything. And it’s one less thing for me to worry about.”

– Owner

Location

San Francisco, CA

Industry

Food & Service

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

$1,320

$3,120

Employer Match

$0

$71,370

Fiduciary Insurance

$0

$2,500

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