My employer is offering Icon. How does it work?

If your employer is offering Icon, you’ll be enrolling in Icon Plus. This means your savings contributions will be automatically transferred from your employer’s payroll into your Icon Plus retirement account. This is a simple and easy way to make sure you are saving for retirement.

Icon Plus is an Individual Retirement Account (IRA) connected to your employer’s payroll. When you enroll in Icon Plus, your savings contributions happen automatically. You decide how much you want to set aside into your Icon Plus retirement account, and every time you get paid, that amount will be automatically transferred.

You can keep up to date with your progress, check your contributions, and make plan changes anytime.

Here’s how it works:

  • You enroll in Icon Plus through our digital enrollment process.
  • You’ll need to have your employer’s Icon Plus account ID number and address to enroll. If you don’t have this number, you’ll need to get it from your employer.
  • Once your account has been set up, your contributions will happen automatically through payroll when you get paid. You can change your contribution amount at any time.
  • If you leave your employer, you retain your Icon account but you switch to use Icon One. All of your account information and investments will remain the same. You’ll just need to change how your contributions are transferred into your account.

My employer isn’t offering Icon. No problem, you can enroll in Icon without your employer. To do this, click here and select Icon One.

Have more questions? Contact Us

 

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