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My employer is offering Icon, how does it work?
My employer is offering Icon, how does it work?
S
Written by Sasha Mace
Updated over 11 months ago

Icon is an Individual Retirement Account connected to your employers payroll. When you enroll in Icon, your savings contributions happen automatically. You decide how much you want to set aside into your Icon retirement account and every time you get paid that amount will be automatically transferred.

You can keep up to date with your progress and check your contributions and make plan changes anytime.

Here’s how it works:

  • You enroll in Icon through our digital enrollment process.

  • You’ll need to have your employer’s Plan ID number to enroll. If you don’t have this number, you’ll need to get it from your employer.

  • Once your account has been set-up, your contributions will happen automatically through payroll when you get paid. You can change your contribution amount at any time.

  • If you leave your employer, you retain your Icon account. All of your account information and investments will remain the same. You’ll just need to change how your contributions are transferred into your account, or connect it to a new employer.

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