Icon is a new kind of workplace savings plan. It is built on the simple idea of lifelong portability: it's the only plan that travels with you from job to job. It works like a 401k plan with pre-tax payroll contributions but, because it's a type of Individual Retirement Account, it has some big advantages.
Icon requires no plan design, no fund selection, and no ongoing diligence; it's ready to use. It enables companies of all sizes to offer a plan to their entire workforce.
Employers have no fiduciary responsibility with Icon, and no ERISA requirements, pay no plan administration fees and matching contributions are not allowed.