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Setting up and administering your plan - Fidelity

Setting up and administering your plan - Fidelity 2025

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The document is a guide for plan sponsors on setting up and administering a Fidelity Advisor SEP-IRA, a retirement savings plan designed for business owners and their employees. It outlines the benefits of a SEP-IRA, including tax-deferred savings, contribution flexibility, and investment options. The guide details the steps to establish the plan, manage contributions, and select investment strategies, emphasizing the support provided by financial advisors and Fidelity Investments.

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Begin by setting up your plan. Follow the three easy steps outlined in the document: set up your plan, establish SEP-IRA accounts, and calculate contributions.
For establishing accounts, ensure each eligible employee completes and signs the Fidelity Advisor SEP/SARSEP-IRA Application. If you are the only eligible employee, enter your contribution amount directly on the application.
Next, calculate contributions using the enclosed Calculation Worksheet. If there are multiple employees, collaborate with your financial advisor to determine individual contributions.
Finally, submit a check for total contributions made payable to Fidelity Management Trust Company along with any necessary forms.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is it a good idea to have Fidelity manage my 401k?

If Fidelitys 401(k) fees do not go past the industry average of 2%, the plan should not differ much from other providers and could still be worth having. But whether its worth it or not ultimately depends on the investors time horizon, investment goals, risk tolerance and financial circumstances.

Is Fidelity a 401k plan administrator?

Fidelity is known and respected as a good, low cost provider. They are highly transparent in their fee disclosures.

Does Fidelity manage 401k plans?

Self-employed individuals, owner-only businesses and partnerships can save more for retirement through a 401(k) plan designed especially for you. With Fidelity, you have no account fees and no minimums to open an account. Youll get exceptional service as well as guidance from our team.

Does Fidelity administer 401k plans?

With over 40 years experience managing 401(k) plans, Fidelity has the insight and tools to deliver a simplified and affordable retirement plan built for small businesses like yours.

Is Fidelity a good 401k provider?

The answer is both yes and no. While its free to open a Fidelity 401(k) account, there are certain charges like commissions, interest charges and other transaction fees. These fees can apply to: mutual funds.

What is the 4% rule on Fidelity?

History of the 4% rule Based on a deep dive into the half century of market data, Bergen concluded that essentially any conceivable economic scenario (even the more tumultuous ones) would allow for a 4% withdrawal during the year they retire and then theyd adjust for inflation each subsequent year for 30 years.

Is Fidelity the plan administrator?

As a plan fiduciary and administrator, Fidelity will be managing many of the day-to-day operational responsibilities associated with the plan so you can focus on running your business.

Setting up and administering your plan - Fidelity 2025

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