Fidelity Advisor SEP IRA

Looking for a small business retirement plan with flexible funding requirements? Explore Fidelity Advisor SEP IRA’s eligibility requirements, employer costs, advantages, and more.

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Choose a fully integrated retirement package that is designed to fit your clients’ business needs

Choose a fully integrated retirement package that is designed to fit your clients’ business needs

For plan sponsors

Kit

FA SEP Plan Sponsor

Brochure

FA SEP IRA Plan Sponsor

For employees

Guide

FA SEP IRA Employee Enrollment

Fidelity Advisor SEP IRA details

Target market
  • For self-employed individuals and small business owners
Prospects
  • All taxable businesses; appeals to small companies
  • Government entities
  • Tax-exempt organizations
Benefit
  • A low-cost plan with minimal administration
Fund offering
  • Fidelity Advisor Funds® in multiple share classes
Employee eligibility
  • Has worked 3 of the past 5 years for the employer
  • Is age 21 or older
  • Learn more about compensation minimums for the current tax year
Maximum contributions
  • Lesser of 25% of compensation or the IRS contribution limit for the current tax year
  • Learn more about maximum contributions for the current tax year
Employer contribution
  • Discretionary
Employee contributions
  • None, except in grandfathered SARSEP IRAs established prior to January 1, 1997
Vesting
  • 100% immediately
Loan Option
  • No
Employer costs
  • No setup or administration fee
  • Annual custodial fee deducted from employee accounts
Deadline for plan setup
  • Employer's IRS tax-filing deadline, plus extensions
Advantages
  • Easy to administer and has no employer fees, compared to a 401(k) plan
  • Minimal tax-filing burden, paperwork, and administrative expenses
  • Employer contributions are discretionary

Help self-employed clients understand their retirement plan options

Sole proprietors and self-employed individuals that are interested in establishing a retirement plan can choose from several options, including a SEP IRA and a sole proprietor 401(k) plan. Both of these plans can help your clients save money for retirement while potentially providing tax advantages. Compare some general features of both plans to help determine the right plan for your client’s small business.

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Want to know more?

Let’s talk about small business plan solutions for your clients.

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Recent retirement insights

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RESEARCH
Developing an Effective Income Strategy
Consider client portfolios from different perspectives.

The above information is educational in nature and should not be construed as legal or tax advice.

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