Boston Tech Start-up
This Massachusetts start-up wanted to offer their full-time employees a best in class retirement plan.
12
Full time W-2 employees
$1,728
Dollars saved annually
1.5
Hours to
implement
15
Minutes of admin time monthly
Challenge
They were looking for a plan that reduced operational costs, is easy to use and doesn’t require a lot of management. They spoke to a handful of 401k providers and they couldn’t find a plan that met their requirements.
Result
Using Icon’s Primary plan they were able to set up their plan in a couple of days.
I didn’t want the fiduciary burden that comes with a 401k plan, plus we don’t have to have fiduciary insurance.”
– Founder
Location
Boston, MA
Industry
Tech Start-Up
Years in Business
10
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.
Icon
Average Provider
Plan Admin Costs
$233
$2,016
Employer Match
$0
$25,416
Fiduciary Insurance
$0
$2,500
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