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.
Pre-tax employee deferral contributionsLearn more about the tax advantages of self-employed 401(k)s
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
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.
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
The deadline to open a new plan is December 31 (or fiscal year-end).
Annual IRS Form 5500 filing after plan assets exceed $250,000
Required minimum distributions starting at age 70½
10% early withdrawal penalty if under age 59½ and no exceptions apply
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.
$4.95 for online U.S. equity trades†
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.