Icon and UKG have partnered to bring the PRP (Portable Retirement Plan) to UKG clients, giving businesses a radically simpler way to offer retirement benefits.
For most businesses, offering a 401(k) has been out of reach. In fact, most businesses don’t offer any retirement plan at all — not because employers don’t want to, but because the cost of administration, the complexity of plan management, annual testing and audits, and the weight of fiduciary liability have made it too expensive and too complex. As a result, millions of workers don’t have the opportunity to save for retirement at work.
That’s the gap the Portable Retirement Plan (PRP) was built to close. Today, we’re excited to share that Icon is now a certified marketplace partner with UKG, a leading provider of HR, payroll, and workforce management solutions
Why This Partnership Matters
For decades, most employers have faced the same choice: sponsor a traditional 401(k) or offer no meaningful retirement benefit at all. The PRP (Portable Retirement Plan) changes that.
Using our certified integration with UKG Ready, the PRP gives employers a radically simpler way to offer retirement benefits. Employers can provide a payroll-connected retirement benefit without the administrative burden, annual testing and audits, or fiduciary responsibility that come with sponsoring a traditional 401(k).
For employees, saving is just as simple. Contributions are deducted directly from payroll into a professionally managed retirement account, making it easy to build long-term wealth throughout their careers.
“We built the PRP to remove the reasons employers have historically said no to offering retirement benefits—cost, complexity, and risk,” said Laurie Rowley, CEO and Co-Founder of Icon. “By partnering with UKG, we’re making it dramatically easier for businesses to offer retirement benefits through the payroll platform they already use.”
What This Means for Employers and Employees
For employers already using UKG Ready, offering the PRP means:
- No additional systems to manage. Contributions flow automatically from UKG into each employee’s retirement account.
- No compliance burden. No nondiscrimination testing, no Form 5500 filings, no annual audits, no ERISA administration, no fiduciary risk.
- No forced plan design decisions. Employers choose whether — and how much — to contribute. Matching is never required.
For employees, that means access to:
- A personalized, professionally managed investment portfolio. Icon is an SEC Registered Investment Advisor.
- A consumer-grade experience to manage and track progress.
- An account that’s truly theirs from day one, and stays with them through every job change, with no rollovers required.
Retirement Benefits That Fit the Way Businesses Work
The easiest retirement benefit to offer is one that fits into the systems employers already use. By bringing the PRP to UKG, employers can offer retirement benefits through their existing payroll workflow—without the administrative burden of a traditional 401(k).
Learn More
Learn more about Icon in the UKG Marketplace and see how the PRP integrates with UKG. Or reach out to us directly
