$0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at Fidelity.com/commissions. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
Investing involves risk, including risk of loss.
1. Most SEPs require employers to contribute to each employee's plan at the same percentage of their salary/wages. For this reason, SEPs are rarely chosen by those with greater than 5 employees.
2. Based on two surveys: The PLANSPONSOR magazine 2023 Recordkeeping Survey (© Asset International Inc.), based on defined contribution plan assets administered and number of participants of recordkeepers, as of 12/31/2022; and The Cerulli Report - U.S. Retirement Markets 2023, based on an industry survey of firms reporting total IRA assets administered as of Q2 2023.
3. Investment-only account. This is not a plan but type of account. The account is established by the Trustee. The Plan must be a Trustee-directed pooled account. It cannot be a plan that allows for employee investment direction. Please consult your plan document to see if you qualify to open an account.
4. If you withdraw the money before age 59½, you are generally subject to a 10% early withdrawal penalty, subject to certain exceptions. For SIMPLE IRAs, if the withdrawal is made within the first two years of plan participation, the 10% penalty increases to 25%.
5. 69K reflects the annual additional limit under the Internal Revenue Code. 76.5K reflects the additional limit plus the catch-up contributions.
6.
No account fees or minimums to open Fidelity retail IRA accounts. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs), and commissions, interest charges, and other expenses for transactions, may still apply. See Fidelity.com/commissions for further details.
7. Employers with 26-100 employees may elect a 4% match or 3% non-elective contribution. Employers may also make an additional non-elective contribution of up to 10% of compensation (not to exceed $5,000, indexed) to each eligible employee of the plan, in a uniform manner.
8. The SECURE 2.0 Act allows employees to defer 110% of the 402(g) elective deferral and catch-up amounts provided the sponsoring company has 25 or fewer employees. Employers with 26-100 employees must offer a 4% match or 3% non-elective contribution for their employees to take advantage of the higher deferral limits.
9. Represents the contribution limits for Fidelity Advantage 401(k) based on the Safe Harbor match. With a Safe Harbor match, employers make matching contributions up to 4% of eligible compensation of participating employees, which is based on a standard contribution formula.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
560608.25.0
