Rated 5 out of 5 by Nate Better than most company 401k offerings
When I switched jobs, I took the opportunity to start a solo 401k with Fidelity, and say goodbye to the limited investment options and high expense ratios of my previous employer's plan.
It only took a few easy calls to the helpful service representatives to answer all of my questions and complete all of the necessary paperwork to directly roll my external accounts into Fidelity.
Now I have access to the extensive options of Fidelity with lower costs that will help my money grow into a comfortable retirement!
November 29, 2015
Rated 5 out of 5 by Annie S. What more can you ask for?
Almost unlimited investment selection and no fees.
May 25, 2015
Rated 5 out of 5 by H Great customer service on the phone
Customer service on the phone is excellent. It is surprising they have such knowledgeable people ready to assist on the other end of the line!
June 24, 2014
Rated 5 out of 5 by PattyWagon Easy set-up
Customer service rep made it very convenient to call in my contribution and transfer funds.
June 17, 2014
Rated 5 out of 5 by SPH SPH review
Well designed program for sole proprietors with numerous low cost investment options.
May 27, 2014
Rated 5 out of 5 by Pitt Good solid company
Overall, very satisfied with the products and service. Customer service, specifically the livechat feature are top notch.
May 14, 2014
Rated 5 out of 5 by Big D Convenient with flexible investment options
Fidelity provides a very user friendly and flexible investment platform for any account type. The self-employed 401k plan has helped me maximize my annual contributions and invest these contributions using the Fidelity web site tools or with the assistance of an advisor. Fidelity is highly recommended!
February 16, 2013
Rated 5 out of 5 by TG Easiest-to-administer, most flexible self-employed 401(k)
I looked at 401(k) plans offered by several providers and chose Fidelity because my other retirement plan assets were with Fidelity and because of the range of choices, simplicity and low fees. Forms to ensure administrative compliance are readily available. I have referred others to the Fidelity personal 401(k) website and they found it straightforward as well. In fact, the information supplied has led people to have conversations with their accountants about their tax planning.
February 15, 2013
Rated 5 out of 5 by mikel2008 Fidelity self employed 401k
This self employed 401 k plan has been perfect for me since I started consulting after retirement in January 2008. Easy to set up and administer and easy for my tax accountant to work with too. Has saved me taxes and helped to save for retirement as well. After looking at several options, this was obviously the best plan available for people like me.
February 15, 2013
Rated 5 out of 5 by Retired N AL Self-Employed 401K Plan and Fidelity
After retiring in mid-2012 and deciding to do some part-time consulting work, I began searching for info on available savings plans for this income. While I did searching on the internet and IRS related to this subject, I also contacted Fidelity and found the best and quickest info from them. They provided immediate assistance with getting the account set-up, which only took approx. 30 minutes, and things were then ready for me to begin making some deposits. I have found Fidelity to be #1 in Customer Service and they have a Great web-page for user help.
February 15, 2013
Rated 5 out of 5 by Engineer Customer Support people are awesome!!!
The person at the local branch was very well informed and helped me open the account with ease.
I had to call the Customer Service Department for help on one occasion (not the fault of Fidelity) and they knew exactly what to do and the issue was quickly resolved.
One item that would be nice to have is better record keeping meaning it would be nice to have contributions by year tracked and displayed on the website.
In addition, display the realized and un-realized capital gain/loss in a separate tab and track gain/loss by year.
May 2, 2016
Rated 5 out of 5 by Jim S Typical Fidelity - Perfect!
There is some paperwork. My Fidelity rep told me he'd walk us through it and he did. We actually went to a branch in Colorado while on vacation to finish up the paperwork and we live in Texas.
Just doesn't matter where you are or who you call at Fidelity, they come through.
December 29, 2015
Rated 4 out of 5 by DL Great support but annoying to deposit
Several times I have contacted Fidelity representatives for various questions and they have always been quick and helpful. It is also convenient that the account allows incoming Traditional IRA rollovers.
However, the process to make a deposit is extremely annoying and inconvenient. You must use a paper check in-person or by mail. Optionally, you can setup a separate account to do ACH transfers, however you must then initiate a transfer between accounts with a representative and for some reason it takes about a week for the ACH to even clear.
December 14, 2015
Rated 3 out of 5 by KS82 Behind the Times
Having my SE 401k account with my other Fidelity investment accounts in one place along with the wide array of available investment options is a plus. However, not having the ability to EFT money directly to my SE 401k account is inexcusable in 2015. Not to mention Fidelity does not offer a Roth option. Sadly, I cannot recommend getting a SE 401k with Fidelity unless you already have other accounts with them and feel that having all your accounts in one place outweighs convenience and tax flexibility.
October 21, 2015
Rated 5 out of 5 by mgr_401k Best Customer Service & Support
Had a great satisfactory experience and valuable advise when I recently met the financial consultant for my account review
October 6, 2015
Rated 4 out of 5 by SBT Needs ACH
Th 401k is fine, but having to cut a manual check and not have it integrated with our payroll system is a bit of a pain. I'd really like to just transfer the money directly from the account electronically.
October 6, 2015
Rated 5 out of 5 by Hal Lynch Excellent plan
I used over two years. No fee and easy maintenance. I am doing on my investment and research. There is no need of professional help. It is very good for someone who knows a little bit about investment about mutual fund, ETF and stocks trading.
October 5, 2015
Rated 5 out of 5 by Rack Good 401(k) plan designed for Small Businesses
Good 401(k) plan designed for Small Businesses like mine
September 30, 2015
Rated 5 out of 5 by A A
The profit sharing Keogh 401k plan exceeded expectations.
August 24, 2015
Rated 4 out of 5 by Magpie Great for self-employed
This is an economical plan for a sel-employed person. The only drawback is I can't do direct transfer from my checking account into the plan. I can transfer from a nonqualified Fidelity Account or I can mail in a check. One too many hoops.
July 12, 2015
Rated 5 out of 5 by Mark L trustworthy
I received excellent service and attention completing my first investment experience. My advisor took my professional and personal goals into account in guiding me through my financial security.
July 1, 2015
Rated 1 out of 5 by Jellybean 401K
No one has ever contacted me since I invested. Guess I am not a big enough player.
June 22, 2015
Rated 4 out of 5 by PMVa Good plan
Great options & flexibility of choices. My only complaint,..but it's a big one,..is that I can not make an online contribution to the account as I can with my IRAs or individual account. I must mail in a check to add funds to my 401k. I absolutely hate the delay and the inconvenience. Why not allow users to tie their bank accounts to their 401k for online contributions? Otherwise, I am pleased with my account.
June 19, 2015
Rated 5 out of 5 by MV207 Transition to Self-employment
My Fidelity advisor looked at my changing situation and recommended a SE401(k) - best thing I did to save taxes last year and going forward. I will sequester the max for a few years before Social Security kicks in!
May 11, 2015
Rated 4 out of 5 by Dave A. Fidelity solo 401(k)
The account was easy to set up. Customer service representatives answered all of my questions about the plan documents. The full menu of funds and ETFs are available with no additional administrative fees. The only drawback is that contributions can't be made electronically.
May 4, 2015
Rated 5 out of 5 by yetisaurus Fantastic overall
I have virtually no complaints about the Fidelity Solo 401(k). The customer service reps are knowledgeable and were very helpful in getting me set up. The information available on the website is great. I love being able to invest in any stock, bond, etf, etc. that Fidelity offers.
My one and only complaint is that there's still no way to electronically deposit funds in the account. Fidelity takes online deposits for every other type of account, so it seems like they should be able to get this figured out. Come on, Fidelity!
Apart from that, I have absolutely zero complaints.
May 4, 2015
Rated 5 out of 5 by lkgh Fidelity 401k excellent in all regards
I'm VERY happy with my Fidelity 401. All the research, tools, investments, and customer service I could ask for. Customer service makes set up and administration a breeze. Couldn't ask for more.
April 21, 2015
Rated 5 out of 5 by cv April 2015 look
Overall, I'm delightfully satisfied so far. The Fidelity investment advisor was enormously helpful.
April 17, 2015
Rated 4 out of 5 by dignatius Solid solo 401k option
Fairly easy to setup and administer. Deposits are processed fairly quickly although there is no electronic transfer available for this type of account. Very strange as I can do electronic transfers for my Fidelity IRAs. That is probably the best way for Fidelity to improve this product.
April 14, 2015
Rated 5 out of 5 by MFMIA Excellent Plan for Self Employed
The Fidelity Self-Employed 401(k) plan is easy to set up and is an excellent way to defer taxes for both your 401(k) and for profit sharing also. I was able to manage our tax liability by using the profit sharing feature within the IRS limits on top of the annual 401(k) limits. There are no annual costs for setting up or any ongoing maintenance fees that you find on most other plans.
March 23, 2015