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.
Fidelity Advantage 401(k)
|Who is the plan best for?|
|Number of employees (including owners)||1 (+ spouse)||1 - 4||2+||1 - 100|
|Who can contribute?|
|How do contributions work?|
|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