Did You Know?
Together, delivering smarter retirement plans to Paylocity clients.
The PRP by Icon
The Easy, Affordable Way for Businesses to Offer a Retirement Plan.
PRPs work like a 401(k) but without the high cost, regulatory complexity, and fiduciary burden.
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That’s because of the high costs, administrative hassles, and regulatory complexities.
The Benefit Without the Burden
PRPs Succeed Where 401(k) Plans Fail.
Both plan types have tax-advantaged savings and automatic payroll contributions. But the PRP removes the headaches that come with 401(k) plans.
The PRP by Icon
Employers Love the Simplicity.
A business can set up their plans in minutes.
No plan documents. No lawyers. No paperwork.
Impossibly Easy.
We Take Care of Everything.
Through the Icon digital platform, employers can set up their plan in minutes. The Icon platform handles all plan tasks for the employer.
All Record Keeping and Plan Administration
Our platform handles all of the record keeping and transactions.
Employee Enrollment and Account Creation
We handle inviting employees to create their account and enroll in the plan.
Communications and Education
Icon takes care of employee communications and provides financial education information.
Fund Selection and Portfolio Management
Icon is a fiduciary. We recommend a portfolio tailored to the employee and handle all portfolio management.
Account Statements, Tax Documents
We provide regular account statements as well as the documents needed at tax time.
Intuitive Employer Dashboard
Employers can easily get an overview of their plan, including total contributions to date and participation metrics.
Predictable Transparent Pricing.
PRPs automate administrative work so our fees are significantly lower than other plans. Pricing is a flat monthly fee based on the size of the company. PRPs don’t require fiduciary insurance, a fidelity bond, or matching contributions.
1–10 Employees
Flat Fee: $70/mo
Discount for annual billing
11–25 Employees
Flat Fee: $125/mo
Discount for annual billing
26–50 Employees
Flat Fee: $200/mo
Discount for annual billing
51–100 Employees
Flat Fee: $300/mo
Discount for annual billing
101–200 Employees
Flat Fee: $450 /mo
Discount for annual billing
250+ Employees
Talk to us for flat-fee pricing
For Any Business, Big or Small.
Our range of solutions allows you to transform retirement benefits for all your clients.
Icon Primary
For employers who want an easy-to-use plan without the cost, complexity, and fiduciary risks of a 401(k).
Icon Companion
Expand retirement benefits by offering Icon alongside an existing 401(k).
Icon State
A qualified and complete solution that meets a state retirement plan mandate.
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A game changing alternative to the 401(k)
Frequently Asked Questions
What is Icon, and What Does it Offer?
Icon is a revolutionary provider of retirement benefit solutions for businesses. We offer Portable Retirement Plans (PRPs) that simplify and streamline retirement benefits for both employers and employees. PRPs are designed to provide all the advantages of a 401(k) plan without the high costs, regulatory complexities, and administrative burdens.
How Does a PRP Differ from a 401(k) Plan?
PRPs offer a more straightforward and cost-effective solution compared to 401(k) plans. PRPs eliminate the administrative hassle and reduce regulatory complexities, making it easier for businesses to offer retirement benefits to their employees. They are designed to be affordable, secure, and user-friendly, making retirement planning accessible to all.
Who Can Benefit from Partnering with Icon?
Businesses of all sizes, especially small and medium-sized enterprises (SMEs), can greatly benefit from partnering with Icon. Our solutions are tailored to meet the unique needs of businesses looking to provide retirement benefits to their employees while avoiding the challenges associated with 401(k) plans.
What Makes Icon’s PRP Secure?
At Icon, security is our top priority. Our PRP platform utilizes state-of-the-art encryption and security protocols to protect sensitive financial information. We adhere to strict industry standards and comply with all relevant regulations to ensure the utmost security for your clients’ retirement savings.
Can Employees Manage Their Retirement Accounts Easily with Icon’s PRP?
Yes, our PRP platform is designed to be user-friendly and intuitive. Employees can easily manage their retirement accounts, make contributions, and track their savings progress through our user-friendly interface. We prioritize a seamless and hassle-free experience for all users.