A Payroll Deduct IRA (PRP) is the easiest way for employers to offer a retirement plan for their employees. There’s no complex plan testing, no annual reporting, and no fiduciary responsibility for the employer. Employees simply set a contribution amount, and their savings are automatically deducted from each paycheck, helping them build their retirement effortlessly.
Icon’s PRPs are built on this model because it keeps things simple, effective, and hassle-free for both employers and employees.
