Los Angeles Health Care Services
An important part of the community, a home health care company wants to help their 1099 contractors build their financial security and save for their futures.
350
Full time 1099 employees
$8,640
Dollars saved annually
2
Hours to
implement
30
Minutes of admin time monthly
Challenge
They were unable to offer a traditional plan to their 350, 1099 workers because they are not classified as employees.
Result
Using Icon’s Primary plan the company is able to extend retirement savings benefits to their workforce for the first time.
It works like a 401k plan but for 1099 contractors, this is a huge help to our business.”
– Controller
Location
Los Angeles, CA
Industry
Health Care
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
$9,600
$18,240
Employer Match
$0
$700,740
Fiduciary Insurance
$0
$2,500
Annual Audit
$0
$10,000
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