Self-employed 401(k)

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

With Fidelity, you have no account fees and no minimums to open an account.1 You'll get exceptional service as well as guidance from our team.

Key things to know

Who is eligible

Self-employed individuals and owner-only businesses. The owner's spouse may participate in the plan.

Tax benefits

Tax-deferred growth, tax-deductible contributions, and pre-tax deferral contributions.

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

Who contributes

Funded by compensation deferrals and employer contributions.


Individuals may contribute up to $19,500 for 2021 and up to $20,500 for 2022. Employers may contribute up to 25% of compensation, up to a maximum of $58,000 in 2021 and $61,000 for 2022. Profit-sharing contributions allowed up to 25% of compensation,2 up to the annual maximum of $58,000 in 2021 and $61,000 for 2022. Total contributions cannot exceed $58,000 in 2021 and $61,000 for 2022. Additional salary catch-up of $6,500 for 2021 and $6,500 for 2022 (if age 50 or older).3


Cannot take withdrawals from the plan until a "trigger" event occurs, such as turning age 59½, disability, or death. 10% early withdrawal penalty applies if you are under age 59½ and taking a distribution. Required minimum distributions start at age 72.


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


There is no opening cost, closing cost, or annual fee for Fidelity's self-employed 401(k). $0 commission for online US stock, ETF, and options trades.*


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


The deadline to open a new plan is generally December 31 (or fiscal year-end) if compensation deferrals are intended. The SECURE Act change to tax filing deadline including extensions allows for profit-sharing only.

How to make

By phone or by mail.

Ready to get started?

For all small-business plans, call us at