Icon Savings Plan Awarded Grand Prize at Money 20/20 Startup Pitch, by This Year’s Guest Judge Shaquille O’Neal
October 30, 2018
Icon is the First Retirement Savings Plan Built for the 75 Million
Workers Who Don’t Have One
SAN FRANCISCO–(BUSINESS WIRE)–#401k–The Grand Prize at the Money20/20 Las Vegas Conference—the largest
FinTech conference in the world, was awarded by Shaquille O’Neal to
Laurie Rowley, President and Founder of Icon Savings Plan, who pitched
her company to the event’s four judges, as well as its 4,000-person
audience.
Icon Savings Plan is an entirely new and compelling way for employers to
offer a retirement savings plan to their people. Today less than 43% of
them offer a 401(k) plan, due to the fact that these plans have failed
to adapt to the modern workforce. They’re time intensive, expensive for
employers, and risky because employers become a fiduciary when offering
a 401(k) plan. For workers, they often come with high fees and they
don’t travel with you from job to job.
Icon solves all of these problems. For employers Icon is free, it takes
only a few minutes to set up, and the employer is not a fiduciary. And
because Icon is built on a modern technology platform, it removes the
employer pain points.
For workers, when you use Icon Savings Plan, you pay a fraction of the
cost of a 401(k)—then, when you leave your employer, you keep your
plan—and your money.
“Unlike most FinTech startups, we didn’t start with technology,” Ms.
Rowley said, “we started with a human problem: The lack of hope for
retirement shared by millions of Americans, and we used technology and
behavioral finance to solve it.”
Icon Savings Plan was one of 24 companies selected to compete out of
1,000 applicants.
Reached shortly after winning, Ms. Rowley said that while she was
humbled by the competition and the pressure of the event, she felt that
“the real winners here are the millions of American families who will
benefit from a sensible, accessible retirement savings plan that they
can use to build better futures.”
Set to fully launch in the first quarter of 2019, Icon (www.IconSavingsPlan.com)
is the only plan of its kind in the country, or anywhere.
About Startup Pitch at Money20/20
Held this week at The Venetian Las Vegas, Startup Pitch at Money20/20
is the FinTech ecosystem’s most exclusive startup challenge. This year,
24 of the industry’s finest startups in AI, wealth management,
biometrics, and payments competed on the prestigious Money20/20 stages
for the honor of winning Startup Pitch at Money20/20. With 11,000+
attendees including more than 1,700 CEOs and Presidents from 4,500
companies and 85 countries, Money20/20 brings together an industry
that’s revolutionizing the ways in which consumers and businesses
manage, spend, and borrow money.
This year’s final was judged by executives from Andreessen Horowitz,
Bain Capital, and last year’s winner Steady—with special guest Shaquille
O’Neal.
About Icon Savings Plan
We believe that retirement savings should be for people and making
their lives better, not about assets under management, sales goals and
commissions.
Icon is the only automatic, tax-advantaged, low-cost, easy-to-use
retirement plan built for the 75-million people who are self-employed,
work as independent contractors, or work for employers who don’t offer
retirement plans. Unlike other plans, Icon is portable, so when you
leave your employer, you keep your plan—and your money.
For employers, Icon is free to use, takes just minutes to sign-up,
and is risk-free because they’re not made fiduciaries.
Contacts
Icon Savings Plan
Bill Cahan, 415-215-4300
www.IconSavingsPlan.com