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.

Plan features

May be appropriate for

Public and private companies with more than 20 employees

Tax benefits

For employees: Tax-deferred growth potential and pre-tax contributions

For employers: Tax-deductible contributions


Vary by plan

Key advantages

Flexible plan design

Online access to accounts through NetBenefits®

Wide range of mutual fund options

Clearly communicated administrative fees and competitive average expense ratios

Available features

Employer matching contributions

Participant loans

IRS maximum contribution

Salary deferrals up to $19,000 for 2019 and $19,500 for 2020

Catch-up contributions

Additional salary deferrals up to $6,000 for 2019 and $6,500 for 2020 for those age 50 or older

Administrative responsibilities

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

Investment options

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

Next steps

Call a retirement professional at 866-418-5173
to get started with your plan or learn more.