San Francisco Restaurant
This San Francisco restaurant needed to meet the California state mandate and didn’t want to use the plan managed by the state of CA.
20 / 15
Full time W-2 / Part-time and 1099
$1,800
Dollars saved annually
40
Minutes to implement
20
Minutes of admin time monthly
Challenge
This popular restaurant was looking for a way to meet the mandate and offer an easy-to-use plan to their people. 401k plans with their legal requirements and costs was out of reach for this company.
Result
Using Icon’s State plan, they were able to meet the mandate and offer a low-cost, high-quality plan to their people.
It’s great that workers can take their plan with them when they leave, with no rollover or anything. And it’s one less thing for me to worry about.”
– Owner
Location
San Francisco, CA
Industry
Food & Service
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
$1,320
$3,120
Employer Match
$0
$71,370
Fiduciary Insurance
$0
$2,500
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