Fidelity Advisor SIMPLE IRA

Review Fidelity Advisor SIMPLE IRA retirement plan information at a glance, such as eligibility, advantages, and much more.

• Fidelity Advisor SIMPLE IRA
• Fidelity Advisor SEP IRA

Easily establish and maintain a cost-effective retirement plan

A retirement plan for those seeking a lower-cost alternative to a 401(k).

For plan sponsors

FA SIMPLE IRA Plan Sponsor

FA SIMPLE IRA Forms

For employees

FA SIMPLE IRA Employee Enrollment

FA SIMPLE IRA Application

Fidelity Advisor SIMPLE IRA details

• Small business owners

• All taxable businesses with 100 or fewer employees with $5,000 or more in compensation in the prior calendar year 1
• Corporations
• Sole proprietorships
• Partnerships

• Pretax salary deferrals with minimal administrative expenses

• 100 or fewer employees

• Fidelity Advisor Funds ® in multiple share classes

• Learn more about compensation requirements for the current tax year
• Certain employees may be excluded

• Learn more about maximum contributions for the current tax year

• Dollar-for-dollar match on first 3% of annual compensation deferred by each eligible employee 2

• Nonelective contribution of 2% on up to the maximum annual contribution for each eligible employee for the current tax year. Learn more about contribution requirements for the current tax year

• 100% immediately

• No

• No setup or administration fee
• Annual custodial fee deducted from employee accounts

• Any time between January 1 and October 1 for current calendar year
• For new employers established after October 1, as soon as administratively feasible

• Minimal paperwork, administrative expenses, and tax-filing burden
• Pretax salary deferrals
• Employer contributions to eligible employee accounts are deductible business expenses
• Accepts rollovers from other qualified account types

When you’re ready to select your plan, turn to Fidelity

By working with your financial representative and Fidelity, you can help implement the most suitable retirement plan for your business and your employees. Fidelity is a leader in retirement plans and is committed to excellent service—from ease of administration, to a diverse menu of investment options, to educating your employees about their retirement plan.

Want to know more?

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

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1. Employer may not concurrently maintain another employer-sponsored retirement plan.

2. The employer may match less than 3%, but not less than 1%, in two out of every five years.

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

Past performance is no guarantee of future results.

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.

The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker dealers as a collective term.

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