401(k) for Small Businesses
Fidelity’s 401(k) plans for small businesses through Fidelity Workplace Services can help you offer competitive benefits to your employees.
Attract and keep qualified employees
Offering a retirement plan is a smart way to help level the professional playing field between your small business and larger companies. A good retirement plan can help you to:
- Attract talented people in today's challenging job market.
- Retain valuable employees who want retirement options in their benefits package.
- Enjoy tax advantages that may be available to you as an employer offering the plan.
|May be appropriate for||
Public and private companies with more than 20 employees
For employees: Tax-deferred growth potential and pre-tax contributions
For employers: Tax-deductible contributions
Vary by plan
Flexible plan design
Online access to accounts through NetBenefits®
Wide range of mutual fund options
Clearly communicated administrative fees and competitive average expense ratios
Employer matching contributions
|IRS maximum contribution||
Salary deferrals up to $18,000 for 2015 and 2016
Additional salary deferrals up to $6,000 for 2015 and 2016 for those age 50 or older
Filing of IRS Form 5500
Special IRS testing to ensure plan does not favor highly compensated employees
Various employee notices regarding distributions and other events
Vary by plan
Broad range of investments from which to choose, including Fidelity mutual funds
|Support and guidance||
Access to our tools, resources, and experience to help simplify choosing, administering and measuring your 401(k) plan
Communication and education programs to help drive retirement readiness
to get started with your plan or learn more.