Fidelity Self-employed 401(k) review

Fidelity's Self-employed 401(k) is the strongest pick if you have no employees besides yourself, a spouse or partners. Fidelity states there is no opening cost, closing cost or annual fee for the plan, so the only costs are the expenses of the investments you choose. The page lists combined employer and employee contributions of up to $72,000 for 2026, with a $24,500 salary deferral limit and catch-up contributions of $8,000 for ages 50 to 59 or 64 and up and $11,250 for ages 60 to 63. Fidelity now offers an optional Roth feature for salary deferrals, which matters because some high earners must make catch-up contributions as Roth starting January 1, 2026. Moving an existing solo plan is simple: Fidelity accepts in-kind transfers of stocks, bonds and mutual funds. Each April it sends an Annual Valuation Statement so you can check whether a Form 5500 filing is due. The limit is scope: once you hire an eligible employee, this plan no longer fits and you need a group 401(k).

Who it is for

self-employed people and owner-only businesses

Price

$0 to open, close or maintain; fund expenses and other investment costs may apply.

There is no opening cost, closing cost, or annual fee for Fidelity's self-employed 401(k).
Quoted from the vendor pricing page on November 14, 2026.

Key features

• No opening cost, closing cost or annual fee
• Contributions up to $72,000 for 2026, employer and employee combined, plus catch-up options for ages 50+
• Optional Roth feature for salary deferrals, which new and existing customers can add
• Transfer an existing self-employed 401(k) in kind, including stocks, bonds and mutual funds
• Annual Valuation Statement each April to help you decide if a Form 5500 filing is needed

Strengths and weaknesses

• Strength: $0 account fees for the plan
• Strength: Roth salary deferrals now available
• Strength: In-kind transfers from another provider without selling investments
• Weakness: Only for owners and partners: a business with other eligible employees needs a different plan
• Weakness: Only salary deferrals can go into the Roth side
• Weakness: You remain responsible for any Form 5500 filing once the plan requires it

Key facts

• Account fee: $0
• 2026 contribution limit: $72,000 employer and employee combined, plus catch-up
• Roth option: Yes, salary deferrals only
• Who can open: Self-employed, owner-only businesses, partnerships

Where it ranks

Fidelity Self-employed 401(k) is No. 1 in our Best 401K Providers verdict.