Icon is a proprietary platform that requires no plan design and no fund selection; it’s ready-to-use. It enables companies of all sizes to offer a plan to their entire workforce.
Employers pay no plan administration fees. Employees pay a flat monthly fee of $4.1
Employee onboarding, recordkeeping, reporting, and investment selection.
It takes employers about 15 minutes and employees about 5 minutes.
Icon doesn’t charge employers any ongoing administrative fees. See how much your business can save with Icon, compared to the fees you’d pay with the average 401k.
It works like a 401k with pre-tax payroll contributions, but gives you huge advantages.
Our platform handles all of the recordkeeping and transactions.
Icon acts in the best interest of our clients.
We provide all onboarding and plan communication materials.
Portfolios are comprised of low cost funds from leading asset managers like BlackRock and Vanguard. Average fund fees are 0.05% to 0.09%
Simply approve contributions with payroll through your Icon dashboard.
Icon is not a 401k plan and does not require a 5500 or other federal filings.
Unlike most retirement plans, Icon does not charge fees based on how much a person saves.
A small one-time set up fee based on the number of employees. No plan administration costs.
A flat monthly fee of $4.00.1
Here’s a hypothetical example of how high fees erode savings.
Meet Stacy and Korri. They both saved $6,000 a year for 25 years. Stacy saved in a typical 401k3 and Korri saved with Icon.
Total fees paid
The high fees eroded Stacy’s savings by $97,830 (nearly 10x). She is now forced to work 5 more years to make up the difference.