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

Select option 3 to speak with a small-business retirement specialist.

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 2016 and 2017

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 2016 and 2017 (if age 50 or older)2

Profit sharing contribution

Up to 25% of compensation,3 up to the annual maximum of $53,000 for 2016 and $54,000 for 2017

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

Minimum required 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 cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule 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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