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 |  |
|
|
|
| Employee(s) | |
|
|
|
| How do contributions work? | ||||
| Electronic contributions | |
|
|
|
| Employer contributions | up to 25% of salary | up to 25% of salary | 4% match | up to 3% match or 2% non-elective contribution |
| Employee contributions | up to 22.5k / 30k | N/A | up to 22.5k / 30k | up to 15.5k / 19k |
| Max contribution amount | 66k⁵ | 66k⁵ | 66k⁵ | varies |
| When can withdrawals be made?³ | ||||
| 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 | |
|
|
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.1
Call 800-544-5373 and say "Small Business Retirement"
