Fidelity Solo 401(k)
A 401(k) to help self-employed individuals reduce taxes and save more.
Overview
Fidelity's Self-Employed 401(k) is designed for self-employed individuals and small business owners with no employees (other than a spouse). It allows for both employee and employer contributions, enabling significant retirement savings. The plan offers both traditional (pre-tax) and Roth (after-tax) contribution options, providing tax flexibility. Account holders can invest in a wide range of securities available on the Fidelity platform.
✨ Key Features
- High contribution limits (up to $70,000 for 2025)
- Traditional (pre-tax) and Roth (after-tax) contributions
- No account fees or minimums
- Wide range of investment options including stocks, bonds, ETFs, and mutual funds
- Rollover options from other retirement accounts
🎯 Key Differentiators
- No account fees
- User-friendly platform
- Extensive investment options
Unique Value: Offers a no-fee Solo 401(k) plan with a wide range of investment options and the backing of a major, reputable financial institution.
🎯 Use Cases (3)
✅ Best For
- Maximizing retirement contributions for high-earning freelancers
- Utilizing both pre-tax and post-tax savings strategies
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses with employees other than a spouse
- Individuals seeking to invest in alternative assets like real estate or cryptocurrency directly within the plan
🏆 Alternatives
Compared to self-directed 401(k) providers, Fidelity offers a more streamlined and lower-cost option for those comfortable with traditional investments.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (NA tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No account fees for the plan.
📊 Market Info
Customers: NA
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