Icon

Savings and Investing

Life Changes

My employer is offering Icon. How does it work?

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

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

You can track your progress, check your contributions, and make changes anytime.

Here’s how it works:

  • Enroll in Icon Savings Plan through our 5 minute enrollment process.
  • Be sure to have your employer’s Icon Savings Plan account ID number and address to enroll on hand. 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.

Because Icon is fully portable, if you leave your employer, your Icon account goes with you, it’s your account for life. All of your account information and investments will remain the same, which means you won’t have to do an expensive rollover. You can then continue to fund your savings contributions through a personal account or through your next employer.

What if my employer doesn’t offer Icon?

No problem, you can enroll in Icon without your employer.

Click Here to Get Started!

 

NEXT UP The impact of high fees on savings How much can I contribute to my plan? What’s an ETF? Why Asset Allocation Matters Everything you Need to Know about Icon’s Fees What investments are available through Icon? Why do I need to answer a suitability questionnaire My employer is offering Icon. How does it work? Employer matching contributions–Don’t leave anything behind! Auto-escalation–A great idea The impact of high fees on savings How much can I contribute to my plan? Find out why it’s important to review your statement Save early and often What’s an ETF? High fees can erode your savings Annuities–What you need to know The basics of stocks and bonds Why Asset Allocation Matters The Savers Tax Credit – Are you taking advantage of it? What is a health savings account? A close look at Social Security Student loans feel like a weight When can I use my savings in retirement ? Emergency Savings Plan – What’s your plan? Do you receive a Form 1099? What you need to know Paying taxes as an independent contractor What if I want to take money out before I retire? What happens if I get fired or laid off? Naming a beneficiary What do I do with my 401(k) when I change jobs? Thinking of consolidating old 401(k) plans? Reserve mortgages, how do they work? Disability insurance, a great safety net Why it’s a good idea to have a will Using your home equity–Things to consider A close look at Social Security Student loans feel like a weight Emergency Savings Plan – What’s your plan? What if I want to take money out before I retire? What if I want to take money out before I retire? What if I want to take money out before I retire? What if I want to take money out before I retire? What if I want to take money out before I retire?