Small-business 401(k)

Fidelity's 401(k) plans for small businesses through Fidelity Workplace Services can help you offer competitive benefits to your 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:

  • 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.

With Fidelity, you'll get access to our tools, resources, and experience to help simplify choosing, administering, and measuring your 401(k) plan, as well as communication and education programs to help get people ready for retirement. 

Key things to know

Who is eligible

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.

Who contributes

Participants and employers.


Salary deferrals up to $20,500 for 2022 and $22,500 for 2023. Additional salary deferrals up to $6,500 for 2022 and $7,500 for 2023 for those age 50 or older.


Participant loans available. Otherwise varies by plan.

Investment options

Broad range of investments from which to choose, including mutual funds.


Vary by plan. Clearly communicated administrative fees and competitive average expense ratios.


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.


The deadline to open a new plan is December 31 (or fiscal year-end).

How to make

Contributions are made via salary deductions.

Ready to get started?

For a 401(k), call our workplace team at