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
Rated 4 out of 5 by Bobby B. Only one glaring omission
This plan is great. Wide variety of offerings, no account fees, easy management through the same familiar web site. Unlike one of their main competitors they do accept incoming rollovers.
But for the life of me I just can't figure out why they won't allow online contributions. They've been in the game long enough that this shouldn't be a big undertaking, so to me it just seems like they prefer to have clients mail checks to them. Why?
March 16, 2015
Rated 3 out of 5 by Selva Not easy to deposit money
I like all the features of solo 401k, except i can't deposit via ACH.
March 9, 2015
Rated 4 out of 5 by Brian Great, but needs Roth feature
The phone representative who walked me through the account set-up did an excellent job. The rep made a process that could have been complicated, very easy. I was even able to physically drop the forms off at a local Fidelity "store", rather than mailing. The only feature that the Self Employment 401K lacks is the Roth possibility. It would be nice to be able to invest 50/50 into pre-tax and Roth for future tax diversification.
March 9, 2015
Rated 4 out of 5 by joel IPOS
I have yet to be able to be part of any IPO...
It is insulting that you offer to your smaller customer (I have over $ 500K invested with Fidelity) and NEVER give us a opportunity.
March 2, 2015
Rated 4 out of 5 by Tee Exactly what I needed
As a self-employed software consultant with an LLC, I needed an easy and flexible option to save for retirement. Fidelity's Solo 401k met my needs and I'm thrilled with its ease. I already love Fidelity's customer service and when I needed help with a question (I overcontributed the first year by accident!) they helped me through the process to resolve my error.
February 10, 2015
Rated 5 out of 5 by VElizabeth Excellent Solo 401K tools and advisors
I used this tool to give me directional insight into my contribution. I also spoke with the 401K specialist. I have a tax accountant who mapped this out for me, but it was great to get some quick answers on a few contribution questions
January 24, 2015
Rated 3 out of 5 by Elliot Few challenges
Their are two main issues I have with the account that need to be addressed. First, it doesn't allow me to transfer money into the account from the site. I have to go to a branch or call the 800 number. The other item I would like to see addressed is it doesn't show me my total contribution to the plan for the year. The Roth IRA I have shows this on the site so I can track it easily. Outside of theses two items, I am very happy with the account.
January 6, 2015
Rated 1 out of 5 by bssd Very difficult to get hold of custmer service agent
I waited almost an hour with no response. I decided to give up and call back later to try my luck.
December 22, 2014
Rated 5 out of 5 by Don Convenient
I like the convenience. and advice provided by the office in NYC and call center.
October 21, 2014
Rated 4 out of 5 by Ari Wish I could do ACH transfers
I love the plan, the options, and I've had some great experiences with customer service at Fidelity. The thing that annoys me though is that for a solo-401K (as opposed to other plans I've had at FIdelity), I can't make a contribution electronically via ACH transfer - I have to send in a check.
October 7, 2014
Rated 4 out of 5 by Matt Secure and Many Investment Options
Straightforward investment options and voluminous research available. Could be improved by offering ACH Deposits.
September 3, 2014