Are you worried about retirement savings? You’re not alone. According to a recent study by the Employee Benefit Research Institute (EBRI), only 52% of workers are confident they’ll have enough money for retirement. But there’s good news – offering a retirement plan to your employees can help.
At Icon, we understand that offering a retirement plan can be a daunting task for small business owners. That’s why we’ve created a solution that’s easy to set up, affordable, and designed specifically for businesses like yours. Our Icon Portable Retirement Plan (PRP) is the perfect choice for small and medium-sized businesses looking to offer a retirement plan.
Our plan is fully automated and can be set up in just 5 minutes. We take care of the regulatory complexity and fiduciary burden that comes with traditional retirement plans. And best of all, our plan is a turnkey solution for you and your employees at a fraction of the cost of a 401k plan. With the Icon PRP, you can offer your employees a retirement plan that’s easy to manage and cost-effective.
But why offer a retirement plan in the first place? The EBRI study found that workers who have access to a retirement plan are more likely to save for retirement. In fact, 87% of workers who have access to a plan participate in it, compared to just 44% of workers who don’t have access. And workers who participate in a plan are more confident about their retirement savings – 72% of participants are confident, compared to just 42% of non-participants.
Offering a retirement plan can also help you attract and retain top talent. The EBRI study found that retirement savings is the most wanted benefit after healthcare. By offering a plan, you can show your employees that you care about their financial well-being and help them save for their future.
The Icon PRP is designed specifically for small and medium-sized businesses. It’s easy to set up and manage, and it’s a cost-effective solution that helps you attract and retain top talent.
Schedule a call with us today to learn more about how we can help you offer a retirement plan that works for you and your employees. We’re here to help you achieve your business goals and ensure a brighter future for your team.
