Fidelity SEP IRA
A simplified retirement plan for small businesses and the self-employed.
Overview
Fidelity's SEP IRA (Simplified Employee Pension) is a retirement plan that allows employers to make contributions for themselves and their employees. It's characterized by its high contribution limits and ease of administration. Contributions are flexible and can be made by the employer. The account holder can invest in a wide range of securities offered by Fidelity.
✨ Key Features
- High contribution limits
- Low administrative burden
- Flexible, discretionary employer contributions
- Wide range of investment options
- No account fees
🎯 Key Differentiators
- No account fees
- Ease of setup and administration
- Extensive investment selection
Unique Value: Offers a no-fee, easy-to-manage SEP IRA with high contribution limits and a vast array of investment options from a leading financial institution.
🎯 Use Cases (3)
✅ Best For
- Maximizing tax-deductible retirement savings for high-earning sole proprietors
- A straightforward retirement plan for small businesses with variable profits
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Individuals who want to make employee contributions to their retirement plan
- Those who prefer a Roth (after-tax) savings option
🏆 Alternatives
Simpler to administer than a Solo 401(k) and offers higher contribution limits than a SIMPLE IRA, making it a good middle-ground for many self-employed individuals.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (NA tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No account fees.
📊 Market Info
Customers: NA
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