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.
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 2016 and 2017
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 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
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
Minimum required 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 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.
$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.