Rated 5 out of 5 by Bradley S. Best SE 401(k) Product in the Business
My Fidelity self employed 401(k) plan was easy to set up, offers me an almost unlimited number of investment options, and has minimal fees. What more could one ask for?
July 5, 2016
Rated 5 out of 5 by Diane Easy setup and cost efficient
Fidelity made setting up my Solo 401(k) very easy, relatively fast, and doesn't charge fees every time I turn around like my former brokerage firm did.
June 20, 2016
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 4 out of 5 by Wayne Self employed 401 k feedback
Customer service has been great and I love the fidelity website.
I feel there are 2 features that the self employed 401k needs:
1) account needs to be able to link to personal bank account to be able to transfer funds like all my other fidelity accounts can instead of mailing checks
2) needs to keep track of total contributions to date, broken down into employee and employer contributions as well so that info can be viewed online
September 21, 2016
Rated 5 out of 5 by CONFUSED I'M SATISFIED
I'M SATISFIED. THE ACCOUNT IS AVAILABLE AND THERE ARE MANY OPTIONS TO CHOOSE FROM.
August 9, 2016
Rated 4 out of 5 by TW All of the hard work is done for you
The Self-Employed 401(k) Plan was very easy to establish, using Fidelity's prototype plan, and the investment side -- through a self-directed brokerage account in my case -- is prompt and smooth.
The only thing I'd like to see added is the ability to make Roth contributions. Hopefully this feature will be added in the future. Currently (August 2016) only pre-tax contributions can be made, which is great for those who wish to defer pre-tax dollars.
August 1, 2016
Rated 5 out of 5 by JohnnyO Solo 401K
Excellent plan, excellent options, great advice. I just wish it was a little easier to fund the 401K (or for that matter, to start it up) via online/electronic means
July 20, 2016
Rated 4 out of 5 by twills99 401K feedback
The only thing I wish could be different is the ability to do an electronic transfer of funds into my account. Having to mail in a check is not as easy.
July 18, 2016
Rated 2 out of 5 by Bob Keogh Account?
I opened an individual 401k account, so I thought. Now my account reads Profit Sharing Keogh. Even the IRS no longer uses "Keogh" verbiage due to law changes. So I call the online support. First person is totally clueless. Second person has to put me hold for half hour and then needs to call me back. Just want to know what kind of account you opened for me, since it does not reflect the paperwork I filled out and sent in. Paperwork is another nightmare. Even the Government has simplified paperwork and clearer instructions. Paperwork should never be "one document fits all plans"........disappointed in the process
July 6, 2016
Rated 5 out of 5 by Stevenm 401 for CMS
Thus far, very happy with the program. I plan on continuing with the plan.
July 5, 2016
Rated 4 out of 5 by awill Helpful but inconvenient
The product is good and customer service excellent however without access to electronic transfer to my account it is very inconvenient to regularly transfer funds into my account.
June 21, 2016
Rated 4 out of 5 by RBS Solid plan
Good plan, Website needs to be easier to navigate.
June 20, 2016
Rated 5 out of 5 by Solo 401k Solo 401k with Fidelity
Fidelity is always cutting edge with technology and it makes for an ease of doing business.
June 20, 2016
Rated 5 out of 5 by JcH-B 401k Easy and very useful
Received wonderful assistance from Fidelity in setting up the account. Establishment was fast, easily beating the Dec. 31 deadline even though I had not started long enough beforehand. They were also helpful in funding the account before I submitted my taxes for the prior year, helping me identify the maximum amount allowable under IRS rules. And purchasing holdings was as easy as usual with Fidelity.
The account saved me several thousand dollars on taxes just in the first year, and having had a zero balance last Dec. 31, I will have no minimum withdrawal in this tax year. Hurray for Fidelity!!!
June 20, 2016
Rated 3 out of 5 by Doug A Nice to have, but not yet modern - can only deposit by postal mail
While it's nice to have the option for a self-employed 401k with Fidelity, this account does not accept electronic deposits, even from other Fidelity accounts. Instead, you must physically write a check and send it through the postal service with a printed form. So it's quite inconvenient.
I only recommend it for people who have many Fidelity accounts already and prefer to keep this one at Fidelity.
June 8, 2016
Rated 5 out of 5 by Neil S. Easy to Open and Manage
The Self-Employed 401K plan was easy to open and is easy to manage. I can trade the account with various securities and stay in cash whenever I see it. The customer service is always stellar.
June 8, 2016
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