Self-Employed 401(k) Plans

Self-employed individuals and owner-only businesses and partnerships can save more for retirement through a 401(k) plan designed especially for them.

Reasons to consider Self-Employed 401(k) Plans

  • Access to Fidelity retirement professionals to help with your plan
  • Wide range of investments
  • Contributions by phone or by mail
  • No setup or annual account fee1

Call us at 800-544-5373

Or start the paperwork on your own first.

Self-Employed Contribution Calculator
Answer five simple questions to see how much you may be able to contribute to your plan.

Tax benefits

Tax-deferred growth

Tax-deductible contributions

Pre-tax employee deferral contributions

Learn more about the tax advantages of self-employed 401(k)s
Investment options

A wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs

Support and guidance

One-on-one guidance—in person, online, or over the phone

Research and tools to help you create a long-term plan and choose investments

Eligibility

Self-employed individuals and owner-only businesses and partnerships are eligible.

Owners’ spouses may also participate.

IRS maximum contribution

Salary deferrals up to $18,000 for 2017 and $18,500 for 2018

See how much you may be able to contribute to your plan with our Self-Employed Contribution Calculator.

Catch-up contribution

Additional salary deferral of $6,000 for 2017 and 2018 (if age 50 or older)2

Profit sharing contribution

Up to 25% of compensation,3 up to the annual maximum of $54,000 for 2017 and $55,000 for 2018

Establishment deadline

The deadline to open a new plan is December 31 (or fiscal year-end).

Administrative responsibilities

Annual IRS Form 5500 filing after plan assets exceed $250,000

Withdrawals

Required minimum distributions starting at age 70½

10% early withdrawal penalty if under age 59½ and no exceptions apply

Account fees

No annual fees, no establishment fees*

*

There is no opening cost or annual fee for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs. Fund investments held in your account may be subject to management and short-term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.

Trading fees

$4.95 for online U.S. equity trades

Next steps

Open a Self-Employed 401(k)
Call 800-544-5373 and select option 3 to speak with a small-business retirement specialist to see if this plan is right for you.

Get started on your own Get a jump on the paperwork for your new plan.
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