Fidelity Advisor SEP-IRA | Fidelity Institutional

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

A retirement plan for those looking for flexible funding requirements.

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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
Compensation of at least $750¹ in current year

Maximum Contributions

Lesser of 25% of compensation or $66,000¹

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

Allows up to the lesser of 25% of compensation or $66,000¹ in contributions; 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

1. These amounts are subject to annual cost-of-living adjustments (COLA). Current information reflects 2023 COLA.
The above information is educational in nature and should not be construed as legal or tax advice.

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Information provided in, and presentation of, this document are for informational and educational purposes only and are not a recommendation to take any particular action, or any action at all, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Fidelity does not provide legal or tax advice.

Before making any investment decisions, you should consult with your own professional advisers and take into account all of the particular facts and circumstances of your individual situation. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in these materials because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, and /or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services.

Registered investment products (including mutual funds and ETFs) and collective investment trusts managed by Fidelity Management Trust Company (FMTC) are offered by Fidelity Distributors Company LLC (FDC LLC), a registered broker-dealer. Fidelity Institutional Asset Management (FIAM) investment management services and products are managed by the Fidelity Investments companies of FIAM LLC, a U.S. registered investment adviser, or Fidelity Institutional Asset Management Trust Company, a New Hampshire trust company. FIAM products and services may be presented by FDC LLC, a non-exclusive financial intermediary affiliated with FIAM and compensated for such services.

Before investing have your client consider the funds', variable investment products', exchange-traded products', or 529 Plans' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or a summary prospectus, if available, or offering statement containing this information. Have your client read it carefully.

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