Boston Home Care Provider

This home care agency was offering a 401(k), but it wasn’t working—for them or their team. The costs were high and the customer support was lacking. They wanted a better way to help their caregivers save for the future—something more affordable, easier to manage, and more aligned with their needs.

100+

Full time W-2 employees

$10,400

Dollars saved annually

1

Hour to implement

5

minutes of admin time monthly

Challenge

They were frustrated by the rising costs and compliance burden of their 401(k), and their HR manager was spending too much time trying to keep the plan running. At the same time, they needed a strong benefit to help attract and retain caregivers in a competitive hiring market.

Result

The PRP offered a major cost reduction compared to their previous 401(k) provider, and the customer support has been vastly superior.

"The transition from our 401(k) really has been easy, and now we can offer our employees best of class benefits without the high costs and headaches. This is a big win for our agency and caregivers."

– HR Manager

The Icon Difference

We’ve automated plan administration and removed the complexity, fiduciary risks, and federal filing requirements of traditional plans, making Icon the easiest, most affordable plan on the market1.

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