Investment-only retirement accounts for small businesses

An investment-only retirement account is a brokerage account for small businesses that have qualified plans would like to expand the investment options to include offerings from Fidelity.


With Fidelity, you have no account fees, no minimums to open an account,1 and you'll get exceptional service. Fees from your third-party administrator (TPA) may apply.

1. Key things to know

Who is eligible

Self-employed individuals or small-business owners who have a separate plan established and would like to invest the plan assets at Fidelity. That includes those self-employed or small-business owners with or without employees, who wish to use Fidelity only as an investment provider.

Tax benefits

Information on tax benefits, who is eligible to contribute, contribution amounts, and deadlines is not available through Fidelity.2 You should consult with your tax advisor or the plan document provider for the details about the type of plan you have.

Who contributes

This information is not available through Fidelity.2 You should consult with your tax advisor or the plan document provider for the details about the type of plan you have.

Contribution
amounts

This information is not available through Fidelity.2 You should consult with your tax advisor or the plan document provider for the details about the type of plan you have.

Withdrawals

Only plan trustees can request distributions from the account. The plan trustee has full authority to transact on the account. Limited trading authority is an option and may be given to participants or agents, such as third-party administrators.

Investment
options

Includes a wide range of Fidelity and non-Fidelity mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs.

Fees

No account fees or minimums to open Fidelity retail IRA. (Fees from your TPA may apply).1

Administrative
responsibilities

Fidelity provides a brokerage account for your plan so that you can make investment decisions according to the plan's requirements. You are responsible for selecting a type of retirement plan and a document provider. You should adopt the plan and then work with your accountant or tax advisor to understand your responsibilities.

Deadlines

This information is not available through Fidelity.2 You should consult with your tax advisor or the plan document provider for the details about the type of plan you have.

How to make
contributions

Fidelity can accept contributions through a variety of methods; however, you should speak to your tax advisor about the amount and timing of contributions based on the type of plan you established.

2. Download supporting documents

Please agree to the electronic delivery of the documents that will govern your account. You can then download the account application on the next page.

1. Open, read, and print the application's supporting documents

Fidelity Investment-Only (Non-Prototype) Retirement Customer Agreement and Important Disclosures (PDF)
This PDF contains documents that govern your account, including the customer agreement and information concerning privacy, fees, commissions, and your core position.

SPAXX Prospectus 
The prospectus for the Fidelity® Government Money Market Fund—an option for your core position.

We encourage you to print or save these documents for future reference.

You can have paper copies mailed to you by calling 800-544-5373.


2. Agree that we have provided you with the supporting documents online

By selecting I Agree, you consent to electronic delivery of the Fidelity Investment-Only (Non-Prototype) Retirement Customer Agreement and Fidelity® Government Money Market Fund prospectus; and you consent to the privacy, fee, commission, and available core position options (including the Fidelity® Government Money Market Fund) contained within them.

I agree

The Account Application will be available upon clicking the agreement button.

  • Who can open an Investment-Only Retirement account?

    Self-employed individuals or small-business owners who have a separate plan (qualified under Section 401(a) of the Internal Revenue Code) established with a Third-Party Administrator (TPA) and would like to invest the plan assets at Fidelity.

    To begin the process of opening the account, click on the link: Investment-Only Application (PDF). You should have already selected the type of retirement plan and executed the applicable plan documents before opening the Investment-Only account. As a small-business owner, you and/or your TPA will be responsible for the administration, record keeping and tax reporting for your retirement plan.

  • What parties are involved in an Investment-Only Retirement brokerage account?

    There are generally five parties involved:

    • The Employer is the party who will select the type of retirement plan and which company to contract with for the plan.
    • The Third-Party Administrator (TPA) is the company that will provide the plan document that outlines the rules for the plan and who is authorized to act on behalf of the plan.
    • The Trustee(s) is the authorized party for the plan that can provide instructions on an Investment-Only Retirement Account (see below).
    • The Employee(s) is who the plan is to benefit. Note: The Trustee may grant limited access to the Employee(s) to invest their retirement assets (see below).
    • And Fidelity Brokerage Services, LLC (FBS) is the introducing brokerage dealer and provides custody of the assets within the brokerage account.
  • What is Fidelity's role with the Investment-Only Retirement account?

    By setting up this account, FBS provides a brokerage account to custody the plan's investments at Fidelity. Fidelity does not provide the plan document, trustee services, recordkeeping services (including tax withholding or reporting), or record beneficiary information.

  • What is the Trustee's role with the Investment-Only Retirement account?

    The Trustee is the authorized party on the brokerage account and is responsible for the plan’s operation, in accordance with the plan document, and has the fiduciary responsibility to make investment decisions in accordance with the plan document. The Trustee may grant the ability to make investment decisions to the employee who is the limited beneficiary on the account, or to another party, like the TPA. (See the information below regarding limited trading authority). Information on tax benefits, who is eligible to contribute, contribution amounts, eligible distributions and deadlines is not available through Fidelity. All questions regarding plan specific rules should be directed to the trustee, the plan sponsor or by reviewing the plan document.

  • How are contributions made?

    Contributions can be made by check, direct deposit, wire, and in some cases, from an existing Fidelity non-retirement brokerage account (the account the contribution comes from must have a matching TIN for the Investment only account or a matching SSN for a plan Trustee.

  • What types of investments are available within this account type?

    Includes a wide range of Fidelity and non-Fidelity mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs.

  • Who has access to make withdrawals from this account?

    Only the plan trustee(s) (named in the plan document) can request distributions from the account. The plan trustee has full authority to transact on the account. Distributions made payable to the plan and mailed to the address of record may be done over the phone. Other distributions require a completed withdrawal form: Investment-Only Withdrawal Form (PDF) .

    It is recommended that you appoint a successor trustee in the event your nominated trustee becomes incapacitated, resigns, or dies.

  • Who can trade on this account?

    The plan trustee(s) have full investment authority on the account. The plan trustee(s) can grant limited trading authority to a participant for their account or to an agent, such as a third-party administrator. Third-party administrators may also be given Interested Party (using the Duplicate Statements (PDF) form) access to reconcile the assets with the plan’s recordkeeping. Once your account is established you can access the information to add account authority online.

Ready to get started?

monitor-outline_icon
You can start opening your
Investment-only retirement account
today
by downloading forms.