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Fidelity's small business 401(k), Fidelity Advantage 401(k)SM is a great option for companies looking to offer a 401(k) for the first time.
Available from Fidelity Workplace, this streamlined plan features:
Say "small business retirement" when prompted
Chat with a representative
Starting a brand new 401(k)?
Offering a competitive retirement benefit like a 401(k) is one way to attract and retain talent in today's tight labor market. And don't forget that as the employer, you get to save for your future too.
Learn more about Fidelity Advantage 401(k) and get in touch here.
| Who is eligible |
Businesses with 2-1,000 employees looking to start a 401(k) for the first time. |
|---|---|
| Tax benefits |
For employers: Tax-deductible employer contributions. Plus, when starting a new 401(k), businesses may be eligible for tax credits.1 For employees: Tax-deferred growth potential and pre-tax contributions to the plan. |
| Who contributes |
Employers and employees. |
| Employer Contributions |
Safe Harbor employer matching contributions are required. This helps to alleviate year-end testing burdens and are generally tax-deductible.2 |
| Employee contributions |
Salary deferrals up to $23,500 for 2025. Additional salary deferrals up to $7,500 for those ages 50+, or up to $11,250 for those who attain ages 60-63 during the year.3 |
| Contribution limits |
Maximum contribution limit for 2025 is $37,500, or $45,000 for those ages 50+, or $48,750 for those ages 60-63.4 |
| Withdrawals |
Certain withdrawal types are available, with limitations. Loans are not available. |
| Investment options |
Participants can choose between a target date fund or build a portfolio from a diversified lineup. |
| Fees |
Paid by Employer:
Paid by Employee:
|
| Employer's
responsibilities |
Employers must:
Fidelity performs most administrative duties as the Plan Sponsor, 3(16) and 3(38) fiduciary, which relieves the employer of significant fiduciary risk and administrative burden. |
If you're interested in a new record keeper for an existing 401(k), discover Fidelity's traditional 401(k).
If you're self-employed, discover Fidelity's Self-Employed 401(k).
Important Information
