What is a Payroll Deduct IRA?

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.
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Icon’s PRPs are built on this model because it keeps things simple, effective, and hassle-free for both employers and employees.
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