Your 401k + Icon Icon Companion is a retirement savings plan built for employers who want to help their employees save more.
It works similar to a 401k plan but with some big advantages:
No fiduciary responsibility
No ERISA requirements
No plan administration fees
No matching contributions
No testing and reporting
Your one-stop shop retirement savings partner.
Our platform handles all of the recordkeeping and transactions.
Icon acts in the best interest of our clients and is a fiduciary.
We handle enrollment and plan communications.
Icon delivers low-cost funds and built-in investment advice.
Easy to use
Simply approve contributions with payroll through your Icon dashboard.
No Government filing
Icon Companion does not require a 5500, testing, or other federal reporting.
Integrate with your payroll.
We're integrated with top payroll providers. This means we automatically sync employee data and automate deductions.
How Icon Companion works.
Employer creates Icon account.
We collect information about your payroll so we can link payroll contributions to employees’ individual retirement accounts.
We handle all of the communications and enrollment.
Employee creates Icon account (5 minutes).
Employees decide how much to save, and their contributions happen automatically when payroll is actioned.
Employer approves employees’ contributions prior to running payroll.
This happens through the Icon administration portal.
When employees leave you, they're auto-removed from payroll, but retain their Icon account.
No rollover or plan change required.
Predictable and transparent pricing.
We've automated administrative work so our fees are significantly lower than other plans.
Flat monthly fee based on company size
Live customer support
Flat monthly fee of $4.00
Account creation and management
Fees compared:401k vs Icon.
High fees erode savings. Here’s a hypothetical example of how it works:
Meet Stacy and Korri. They both saved $6,000 a year for 25 years. Stacy saved in a typical 401k and Korri with Icon.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 difference1.
Stacy: Average 401k
Total fees paid
Korri: Icon Plan
Total fees paid
Questions? Let’s chat.
Connect with our business team. We’re here to help you compare plans and find the right solution for your business.