Small business retirement plans

Understand retirement planning options that help you keep more of what you earn, while also investing in your future.

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Help take the guesswork out of which plan could be right for you with a 5-minute quiz

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Self-Employed 401(k)


A 401(k) plan for a self-employed individual with no employees other than a spouse.


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SEP IRA


Easy-to-maintain plan for a self-employed individual or small-business owner, with fewer than 5 employees1.


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SIMPLE IRA


A low-complexity plan for businesses with fewer than 100 employees looking to offer a retirement benefit.


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Fidelity Advantage 401(k)


An affordable plan for small businesses looking to offer a 401(k) for the first time.


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Fidelity 401(k)


An industry-leading2, customizable 401(k) that supports existing plans $1M and up.


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Investment-only account3


A brokerage account for those who have their own separate retirement plan document.


Whether it’s just you or you and your employees, we have a retirement plan that’s right for you. Take a look at how they compare and find one that fits your needs.

 
Self-employed 401(k)

SEP IRA

Fidelity Advantage 401(k)

SIMPLE IRA
Who is the plan best for?
Number of employees (including owners) 1 (+ spouse) 1 - 4 2+ 1 - 100
Who can contribute?
Owner green checkmark green checkmark green checkmark green checkmark
Employee(s) green checkmark green checkmark green checkmark
How do contributions work?
Electronic contributions green checkmark green checkmark green checkmark green checkmark
Employer contributions up to 25% of salary up to 25% of salary 4% match up to 3% match or 2% non-elective contribution7
Employee contributions up to 23k / 30.5k N/A up to 23k / 30.5k up to 16k / 19.5k8
Max contribution amount 69k/76.5k⁵ 69k⁵ 36.8k/44.3k9 varies
When can withdrawals be made?4
Once a triggering event has been reached (10% penalty may apply) Anytime (10% penalty may apply) Once a triggering event has been reached (10% penalty may apply) Anytime (10% or 25% penalty may apply)
What about fees and tax credits?
Account fees No account fees or minimums to open an account No account fees or minimums to open an account $300 / quarter No account fees or minimums to open an account
Tax credits if offering a plan for the first time N/A green checkmark green checkmark green checkmark

Already have a 401(k) plan with another provider? Learn more about the support and value we can deliver with a Fidelity 401(k).

If you have a separate retirement plan established and you’d like to invest the assets in a Fidelity brokerage account, you may be interested in an investment-only retirement account.3

More resources for your small business


Self-employed?
Keep it simple with a separate account for work.


An HSA for your small business

See why a Fidelity HSA ® makes sense for small businesses and their employees.

Have more questions?

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