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Small Business Overview

SEP IRA: Simplified Employee Pension Plan

Simplified Employee Pension Plans (SEP IRAs) help self-employed individuals and small-business owners get access to a tax-deferred benefit when saving for retirement.

Get started now

Open a SEP IRA

Or call 800-544-5373 and select option 3 to speak with a small-business retirement specialist.

Plan Features

Tax advantages	Tax-deferred growth potential Tax-deductible contributions
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

Tax advantages

Tax-deferred growth potential

Tax-deductible contributions

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

Account Details

Eligibility	Must be sole proprietor, a business owner, in a partnership, or earn self-employment income by providing a service
Contribution rules	Must be made by the employer Can vary each year between 0% and 25% of compensation (maximum $53,000 for 2016 and $54,000 for 2017), and each eligible employee must receive the same percentage Calculate how much you can contribute using our Self-Employed Contribution Calculator. You also can use our SEP IRA Contribution Worksheet (PDF).
Establishment deadline	April 15 tax filing deadline for most self-employed individuals and small-business owners (including any extensions)
Administrative responsibilities	Employee notification of employer's contribution Employers must fill out and retain Form 5305 SEP (PDF) in their records. No plan tax filings with IRS
Employee responsibilities	Each employee must open an individual SEP IRA account.
Withdrawals	Minimum required distributions starting at age 70½ 10% early withdrawal penalty if under age 59½, subject to certain exceptions

Fees

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^†

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^†

Request our guide to small-business retirement plans

Additional information

SEP IRA Contribution Worksheet (PDF)

Form 5305 SEP (PDF)

014

5508tridion-en_us

Ready to get started?

Open a SEP IRA

Questions?

Investing involves risk, including risk of loss.

†

$4.95 commission applies to online U.S. equity trades in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Certain accounts may require a minimum opening balance of $2,500. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing and Custody Solutions are subject to different commission schedules.

The initial customer ratings and reviews for this product (those dated before 3/18/2013) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntarily basis and are screened in accordance with the guidelines set forth in our . For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Review Terms of Use. Featured Reviews have been selected based on subjective criteria and reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of use and does not include any ratings that did not meet the guidelines and were therefore not posted. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.

The ratings and experience of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.

Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.

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