To get started, return to your Paychex Flex account.
One-Click Rollover
Welcome to Icon.
We’re a retirement savings company that makes it easy to save and invest—without the complexity. Rollover your 401(k) easily, securely, and without the paperwork.
Make Your Next Move Simple.
Leaving a job is a good time to take control of your retirement savings. Rolling over your 401(k) into an IRA allows you to move your money without taxes or penalties, and helps you keep its tax-advantaged status.
Build Your Wealth. We’ll Help You Stay on Track.
Automated investing
Your 401(k) rollover will be invested in a portfolio tailored to your needs. We make investing easy by handling all of the trading and rebalancing.
Grow your savings
If you'd like to grow your retirement savings, you can easily make contributions to your new Icon IRA.
Low-cost investing
Our portfolios use low-cost ETFs to help minimize fees. Low costs can improve investor outcomes over time.
No trading fees
We don’t nickel and dime your account with trading fees.
Why Rollover to Icon?
Faster.
Typical rollovers take 2–4 weeks. With Icon, your account is set up in minutes, and your money is typically transferred in a few business days.
Easier.
Our technology eliminates the hassle—no paperwork, no paper checks, no manual steps.
Stress-free.
You’ll have access to your money if you have a big life event. Certain life events allow for penalty-free withdrawals from your IRA.
Paychex & Icon Have Partnered to Make Rollovers Seamless.
1
Open Your Account
Open your account in minutes.
2
Select Your Portfolio
We’ll guide you through the portfolio selection.
3
Complete Your Rollover
Funds typically transfer in 1-3 business days.
We’ll Guide You to the Right Account for Your 401(k) Rollover.
Other Options for Your Rollover.
You generally have four options for your old 401(k). You can roll it into a rollover IRA, leave it behind at your old employer, roll it into your new employer (if allowed), or cash it out and pay penalties.
Here’s how much you would end up with if you had $50,000 in your account and wanted to cash out before the age of 59 and a half.
FAQs
Is there a minimum to rollover an account?
No. We don’t have a minimum deposit requirement.
How does the Rollover work?
Rolling over your 401(k) is simple with Paychex and Icon. With One-Click Rollover, you can start the process directly from the Paychex platform in just minutes. It’s a guided, step-by-step process, and Icon handles the details to ensure a smooth, hassle-free transfer.
How long does a direct rollover take?
It will take 3-5 minutes to set up your rollover. Once complete, the funds will arrive in your Icon account in 1-3 business days. You can login to your Icon dashboard to view the status of your rollover.
Can I contribute to an IRA if I already contribute to a 401(k)?
Yes. You can contribute to both a 401(k) and an IRA in the same year. Your income and filing status may affect whether your IRA contributions are tax-deductible. If you're above the limit, you can still contribute—it just won't be deductible. Either way, your money can grow tax-advantaged inside the IRA. For current IRS limits and income thresholds, visit irs.gov/retirement-plans.
Can I have both a Traditional IRA account and Roth IRA account?
Yes. When opening an Icon IRA, you can choose to make a traditional and/or Roth IRA.
What fees does Icon charge for an IRA?
Pricing is 0.37% annually based on assets under management. Plus, for account balances over $500 there is a flat monthly fee of: $1/month for $1,001-$3,000 $2/month, $3,001 or more $4/month. Icon does not charge trading fees.
Can I rollover other old 401k or IRA plans?
Absolutely. You can rollover other 401(k)s or IRA's to your Icon IRA and consolidate them all in one spot. You can chat with our support team to get assistance with rollovers.
Who is Icon?
Icon is a retirement benefits company and a trusted partner of Paychex. Icon provides a seamless way for employees to roll over their 401(k) savings into an IRA, ensuring their retirement funds stay invested and never get lost or abandoned. As a fiduciary and SEC-registered investment advisor, Icon offers professionally managed portfolios tailored to your needs. Our platform makes it simple to track and grow your retirement savings.