New York City Hospitality Group
This New York based group had been researching retirement benefits. They wanted to offer a plan to their employees but were unable to find a solution that was affordable and easy to use.
300
Full time W-2 employees
$7,440
Dollars saved annually
4
Hours to
implement
1
Hours of admin time monthly
Challenge
The challenge was how to offer a high quality plan with a small budget for benefits. An additional consideration was wanting a plan that’s easy to manage without any heavy lifting or fiduciary responsibility.
Result
Using Icon’s Primary plan the firm is able to cover their people and at the same time keep costs low and not incur additional operational risk.
We didn’t know a plan like this existed!”
– CFO
Location
New York, NY
Industry
Hospitality
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
$8,400
$15,840
Employer Match
$0
$600,840
Fiduciary Insurance
$0
$2,500
Annual Audit
$0
$10,000
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