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 |
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Who is the plan best for? | ||||
Number of employees (including owners) | 1 (+ spouse) | 1 - 4 | 2+ | 1 - 100 |
Who can contribute? | ||||
Owner | ![]() |
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Employee(s) | ![]() |
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How do contributions work? | ||||
Electronic contributions | ![]() |
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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 | ![]() |
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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