Frequently Asked Questions
- What is Icon?
- What is an IRA?
- What is a Traditional IRA?
- What is a Payroll Deduct IRA?
- What type of IRA does Icon offer?
- What are the advantages of Icon?
- What are the fees with Icon?
- Who is eligible to join Icon?
- Is my company qualified to offer Icon?
- Is there a minimum number of employees needed to setup Icon?
- Why Icon doesn't have the same regulations as 401(k)'s?
- What investments are available through Icon?
- How much can employees contribute into Icon?
- What are the employer’s administrative responsibilities?
- Do I need to withhold taxes on the employee's contributions into their Traditional IRA?
- Can I stop offering the plan if it no longer matches the needs of my company?
- What are the vesting rules?
- How do I make changes to my account profile information?
- How do I manage my Icon plan for my employees?
- What happens when an employee leaves the company?
- Can employees take a loan from their Traditional IRA?