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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 93 (from laksa130)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa093.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k","crawl_time":1775913847,"first_indexed_time":1387658588,"http_code":200,"src_unparsed":"com,fidelity!www,\/learning-center\/personal-finance\/retirement\/self-employed-401k s443","src_root_hash":"17952695050214760493","history_drop_reason":null,"meta_title":"Understanding the Self-Employed 401(k) - Fidelity","meta_descriptions":["A Self-Employed 401(k), also called a solo 401(k), is a version of the traditional 401(K) that provides high savings potential for solo business owners."],"attrs_boilerpipe_text":"A self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company.\nIn many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement.\nSelf-employed 401(k) contribution limits\nThe highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the\n2026 IRS 401(k) and Profit Sharing Plan Contribution Limits\n, as an employee, you can make salary deferral contributions equal to the lesser of $24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra $8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year.\nAn important note: those between ages 60 and 63 are eligible in 2026 to contribute up to $11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to $32,500 in 2026 and those 60 to 63 will be able to contribute up to $35,750 in 2026, if their plan allows.\nIn 2026, the combined limit for employee and employer contributions will be $72,000 or 100% of the employee's salary, whichever is lower. The limit is $80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or $83,250 if between the ages of 60–63.\nTogether, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of $100,000, you could elect to defer up to $24,500. Then, as the employer, you could contribute $25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside $49,500 in one year to help build your retirement nest egg.\nSelf-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense.\nSetting up your self-employed 401(k) plan\nIf you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k).\nWhen reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan.\nOnce your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business.\nIf your account’s year-end balance is more than $250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting.\nLearn more about these forms\n.\nWithdrawing funds from a self-employed 401(k)\nAs with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example:\nDistributions may be allowed due to a \"triggering event,\" typically death, disability, plan termination or achieving the age of 59 1\/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes\n1\nYou must take required minimum distributions from self-employed 401(k)s beginning at age 73\nPlans can be structured to allow loans or hardship distributions\n2\nPlans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k).\nLearn more about self-employed rollover options\n.\nIn the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA\nBecause of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future.\nIf there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit.","attrs_markdown":"[Skip to main content](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k#navSkipToContent)\n\n[Fidelity.com Home](https:\/\/www.fidelity.com\/)\n\n[Log in](https:\/\/digital.fidelity.com\/prgw\/digital\/login\/full-page)\n\n- [Accounts & Trade]()\n  - [Portfolio](https:\/\/digital.fidelity.com\/prgw\/digital\/login\/full-page?AuthRedUrl=https:\/\/digital.fidelity.com\/ftgw\/digital\/portfolio\/summary)\n  - [Account Positions](https:\/\/digital.fidelity.com\/ftgw\/digital\/portfolio\/positions)\n  - [Trade](https:\/\/digital.fidelity.com\/ftgw\/digital\/trade-equity\/index\/orderEntry)\n  - [Fidelity Trader+ Web](https:\/\/digital.fidelity.com\/ftgw\/digital\/trader-dashboard)\n  - [Fidelity Trader+](https:\/\/www.fidelity.com\/trading\/trading-platforms)\n  - 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[Alerts](https:\/\/alertable.fidelity.com\/ftgw\/digital\/alerts)\n  - [Stocks, ETFs, Crypto](https:\/\/digital.fidelity.com\/prgw\/digital\/research\/src)\n  - [Mutual Funds](https:\/\/fundresearch.fidelity.com\/fund-screener)\n  - [Fixed Income, Bonds & CDs](https:\/\/fixedincome.fidelity.com\/ftgw\/fi\/FILanding)\n  - [Options](https:\/\/digital.fidelity.com\/ftgw\/digital\/options-home\/)\n  - [IPOs](https:\/\/brokerage.fidelity.com\/ftgw\/brkg\/ipo\/calendar)\n  - [Annuities](https:\/\/fundresearch.fidelity.com\/fund-screener\/annuities\/)\n  - [Learn](https:\/\/www.fidelity.com\/learning-center\/overview)\n\n## Learn\n- [Learn](https:\/\/www.fidelity.com\/learning-center\/overview)\n- [Favorites](https:\/\/www.fidelity.com\/learning-center\/favorites)\n- Topics\n  - Financial essentials\n    - [Saving and budgeting money](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/saving-and-budgeting-money \"Saving and budgeting money\")\n    - [Managing debt](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/managing-debt \"Managing debt\")\n    - [Saving for retirement](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/saving-for-retirement \"Saving for retirement\")\n    - [Working and income](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/working-and-income \"Working and income\")\n    - [Managing health care](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/managing-health-care \"Managing health care\")\n    - [Talking to family about money](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/talking-to-family-about-money \"Talking to family about money\")\n    - [Personal finance for students](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/personal-finance-for-students \"Personal finance for students\")\n    - [Managing taxes](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/managing-taxes\/managing-taxes \"Managing taxes\")\n    - [Managing estate planning](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/managing-estate-planning \"Managing estate planning\")\n    - [Making charitable donations](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/charitable-giving\/making-charitable-donations \"Making charitable donations\")\n  - Life events\n    - [Changing jobs](https:\/\/www.fidelity.com\/learning-center\/life-events\/career-planning \"Changing jobs\")\n    - [Planning for college](https:\/\/www.fidelity.com\/learning-center\/life-events\/prepare-for-college \"Planning for college\")\n    - [Getting divorced](https:\/\/www.fidelity.com\/learning-center\/life-events\/getting-divorced \"Getting divorced\")\n    - [Becoming a parent](https:\/\/www.fidelity.com\/learning-center\/life-events\/parenting \"Becoming a parent\")\n    - [Caring for aging loved ones](https:\/\/www.fidelity.com\/learning-center\/life-events\/caring-for-the-aging \"Caring for aging loved ones\")\n    - [Marriage and partnering](https:\/\/www.fidelity.com\/learning-center\/life-events\/marriage \"Marriage and partnering\")\n    - [Buying or selling a house](https:\/\/www.fidelity.com\/learning-center\/life-events\/selling-and-buying-house \"Buying or selling a house\")\n    - [Retiring](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/planning-your-retirement \"Retiring\")\n    - [Losing a loved one](https:\/\/www.fidelity.com\/learning-center\/life-events\/loss-of-loved-one \"Losing a loved one\")\n    - [Making a major purchase](https:\/\/www.fidelity.com\/learning-center\/life-events\/major-purchase \"Making a major purchase&#9;\")\n    - [Experiencing illness or injury](https:\/\/www.fidelity.com\/learning-center\/life-events\/injury-and-illness \"Experiencing illness or injury\")\n    - [Disabilities and special needs](https:\/\/www.fidelity.com\/learning-center\/life-events\/disabilities-and-special-needs \"Disabilities and special needs\")\n    - [Aging well](https:\/\/www.fidelity.com\/learning-center\/life-events\/aging-well \"Aging well\")\n    - [Becoming self-employed](https:\/\/www.fidelity.com\/learning-center\/life-events\/how-to-become-self-employed \"Becoming self-employed\")\n  - Investing and trading\n    - [Investing for beginners](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/investing-for-beginners \"Investing for beginners\")\n    - [Trading for beginners](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/trading-for-beginners \"Trading for beginners\")\n    - [Crypto basics](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/crypto\/crypto-for-beginners \"Crypto basics\")\n    - [Crypto: Beyond the basics](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/crypto\/crypto-advanced \"Crypto: Beyond the basics\")\n    - [Alternative investing](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/alternative-investing \"Alternative investing\")\n    - [Exploring stocks and sectors](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/finding-stocks-and-sector-ideas \"Exploring stocks and sectors\")\n    - [Investing for income](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/investing-for-income \"Investing for income\")\n    - [Analyzing stock fundamentals](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/fundamental-analysis\/analyzing-stock-fundamentals \"Analyzing stock fundamentals\")\n    - [Using technical analysis](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/technical-analysis\/using-technical-analysis \"Using technical analysis\")\n  - Investment products\n    - [ETFs](https:\/\/www.fidelity.com\/learning-center\/investment-products\/etf\/etfs \"ETFs\")\n    - [Mutual funds](https:\/\/www.fidelity.com\/learning-center\/investment-products\/mutual-funds\/mutual-funds \"Mutual funds \")\n    - [Stocks](https:\/\/www.fidelity.com\/learning-center\/investment-products\/stocks\/stocks \"Stocks\")\n    - [Fixed income, bonds, CDs](https:\/\/www.fidelity.com\/learning-center\/investment-products\/fixed-income-bonds\/fixed-income-bonds-cds \"Fixed income, bonds, CDs\")\n    - [Annuities](https:\/\/www.fidelity.com\/learning-center\/investment-products\/annuities \"Annuities\")\n    - [Closed-end funds](https:\/\/www.fidelity.com\/learning-center\/investment-products\/closed-end-funds\/closed-end-funds \"Closed-end funds\")\n  - Advanced trading\n    - [Using margin](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/using-margin \"Using margin\")\n    - [Options trading basics](https:\/\/www.fidelity.com\/learning-center\/investment-products\/options\/options-for-beginners \"Options trading basics\")\n    - [Options: Beyond the basics](https:\/\/www.fidelity.com\/learning-center\/investment-products\/options\/options \"Options: Beyond the basics\")\n    - [Advanced trading strategies](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/more-trading-strategies \"Advanced trading strategies\")\n    - [Using Fidelity Trader+](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/trading-platforms\/using-trader-plus \"Using Fidelity Trader+\")\n    - [Options Strategy Guide](https:\/\/www.fidelity.com\/learning-center\/investment-products\/options\/options-strategy-guide\/overview \"Options Strategy Guide\")\n    - [Technical Indicator Guide](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/technical-analysis\/technical-indicator-guide\/overview \"Technical Indicator Guide\")\n  - [Latest Market Insights](https:\/\/www.fidelity.com\/viewpoints\/market-and-economic-insights\/market-volatility-overview \"Latest Market Insights\")\n  - [Viewpoints: Expert insights](https:\/\/www.fidelity.com\/learning-center\/viewpoints \"Viewpoints: Expert insights\")\n  - [Smart Money: Tips and tactics](https:\/\/www.fidelity.com\/learning-center\/smart-money \"Smart Money: Tips and tactics\")\n  - [Money Unscripted](https:\/\/www.fidelity.com\/learning-center\/money-unscripted \"Money Unscripted\")\n  - [The Trading Post](https:\/\/www.fidelity.com\/learning-center\/trading-post \"The Trading Post\")\n  - [Women Talk Money](https:\/\/www.fidelity.com\/learning-center\/women-talk-money \"Women Talk Money\")\n  - [Wealth Management Insights](https:\/\/www.fidelity.com\/learning-center\/wealth-management-insights \"Wealth Management Insights\")\n- Events\n  - [Upcoming events](https:\/\/fidelityevents.com\/allevents\/special \"Upcoming events\")\n  - [On-demand webinars](https:\/\/www.fidelity.com\/learning-center\/events\/investing-webinars \"On-demand webinars\")\n  - [Market briefings](https:\/\/fidelityevents.com\/allevents\/filtered?hubFilter=tags|Coaching,Market%20Analysis#hub \"Market briefings\")\n  - [Market Sense](https:\/\/www.fidelity.com\/learning-center\/live-pi \"Market Sense\")\n  - [Trading Strategy Desk® coaching](https:\/\/www.fidelity.com\/learning-center\/events\/coaching-sessions \"Trading Strategy Desk® coaching\")\n  - [Trading Strategy Desk® classes](https:\/\/www.fidelity.com\/learning-center\/events\/virtual-classrooms \"Trading Strategy Desk® classes\")\n- Search\n\n![Estimate Time](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/article\/time-clock-circle.svg)4 min\n\nSave ![](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/article\/Bookmark.svg) ![](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/article\/save-success.svg)\n\nClose Popover\n\n***\nGreat, you have saved this article to you My Learn Profile page.\n\nShare ![Share](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/article\/share.svg)\n\nClose Popover\n\n***\nUnderstanding the Self-Employed 401(k) - Fidelity\n\nClicking a link will open a new window.\n\n- [Facebook](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k#facebook)\n- [Twitter](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k#twitter)\n- [LinkedIn](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k#linkedin)\n\n[Print ![Print](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/article\/Print.svg)](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/self-employed-401k#print)\n\n# Understanding the self-employed 401(k)\nA solo 401(k) often provides the highest savings potential for self-employed individuals\n\nFidelity Learn\n\n![](https:\/\/www.fidelity.com\/bin-public\/600_Fidelity_Com_English\/images\/migration\/understanding_the_self_employed_401k_Banner_800x285.jpg)\n\nA self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company.\n\nIn many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement.\n\n### Self-employed 401(k) contribution limits\nThe highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the [2026 IRS 401(k) and Profit Sharing Plan Contribution Limits](https:\/\/www.irs.gov\/retirement-plans\/plan-participant-employee\/retirement-topics-401k-and-profit-sharing-plan-contribution-limits \"2026 IRS 401(k) and Profit Sharing Plan Contribution Limits\"), as an employee, you can make salary deferral contributions equal to the lesser of \\$24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra \\$8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year.\n\nAn important note: those between ages 60 and 63 are eligible in 2026 to contribute up to \\$11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to \\$32,500 in 2026 and those 60 to 63 will be able to contribute up to \\$35,750 in 2026, if their plan allows.\n\nIn 2026, the combined limit for employee and employer contributions will be \\$72,000 or 100% of the employee's salary, whichever is lower. The limit is \\$80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or \\$83,250 if between the ages of 60–63.\n\nTogether, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of \\$100,000, you could elect to defer up to \\$24,500. Then, as the employer, you could contribute \\$25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside \\$49,500 in one year to help build your retirement nest egg.\n\nSelf-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense.\n\n### Setting up your self-employed 401(k) plan\nIf you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k).\n\nWhen reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan.\n\nOnce your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business.\n\nIf your account’s year-end balance is more than \\$250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting. [Learn more about these forms](https:\/\/www.fidelity.com\/retirement-ira\/small-business\/form-5500 \"Learn more about these forms\").\n\n### Withdrawing funds from a self-employed 401(k)\nAs with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example:\n\n- Distributions may be allowed due to a \"triggering event,\" typically death, disability, plan termination or achieving the age of 59 1\/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes1\n- You must take required minimum distributions from self-employed 401(k)s beginning at age 73\n- Plans can be structured to allow loans or hardship distributions2\n- Plans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k). [Learn more about self-employed rollover options](https:\/\/www.fidelity.com\/selfemployedrollover?ccsource=se401k_learn \"Learn more about self-employed rollover options\").\n- In the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA\n\nBecause of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future.\n\nIf there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit.\n\n## Consider a self-employed 401(k)\nIf you're self-employed or run an owner-only business, we have a 401(k) that may be right for you.\n\n[Learn more](https:\/\/www.fidelity.com\/retirement-ira\/small-business\/self-employed-401k\/overview)\n\n## More to explore\n### [See how you're doing](https:\/\/www.fidelity.com\/calculators-tools\/PGCretirement-score)\nFind out if you're contributing enough to your retirement savings.\n\n### [Retirement rules of the road](https:\/\/www.fidelity.com\/viewpoints\/retirement\/retirement-roadmap)\n4 easy guidelines to help you reach your retirement goals.\n\n## Subscribe to  *Fidelity Viewpoints®*\nTimely news and insights from our pros on markets, investing, and personal finance.(debug tcm:2365-349569)\n\n### Looking for more ideas and insights?\nWe'll deliver them right to your inbox.\n\nManage subscriptions\n\n### Thanks for subscribing\\!\nCheck out your Favorites page, where you can:\n\n- Tell us the topics you want to learn more about\n- View content you've saved for later\n- Subscribe to our newsletters\n\n[Go to Favorites](https:\/\/www.fidelity.com\/learning-center\/favorites)\n\n### We're on our way, but not quite there yet\nGood news, you're on the early-access list.   \n But we're not available in your state just yet. As soon as we are, we'll let you know. In the meantime, boost your crypto brainpower in our Learning Center.\n\nManage subscriptions\n\n### Oh, hello again\\!\nGood news, you’re already on the early-access list. Keep an eye on your email for your invitation to Fidelity Crypto.\n\nManage subscriptions\n\nClose dialog\n\n### Thanks for subscribing to  Looking for more ideas and insights?   You might like these too:\n### Looking for more ideas and insights? You might like these too:\n\n### *Fidelity Viewpoints®*\nTimely news and insights from our pros on markets, investing, and personal finance.(debug tcm:2 ...\n\n### Decode Crypto\nClarity on crypto every month. Build your knowledge with education for all levels.\n\n### *Fidelity Smart Money℠*\nWhat the news means for your money, plus tips to help you spend, save, and invest.\n\n### Active Investor\nOur most advanced investment insights, strategies, and tools.\n\n### *Insights from Fidelity Wealth Management* ℠\nTimely news, events, and wealth strategies from top Fidelity thought leaders.\n\n### Women Talk Money\nReal talk and helpful tips about money, investing, and careers.\n\n### Educational Webinars and Events\nFree financial education from Fidelity and other leading industry professionals.\n\n*Fidelity Viewpoints®*\n\nTimely news and insights from our pros on markets, investing, and personal finance.(debug tcm:2 ...\n\nDecode Crypto\n\nClarity on crypto every month. Build your knowledge with education for all levels.\n\n*Fidelity Smart Money℠*\n\nWhat the news means for your money, plus tips to help you spend, save, and invest.\n\nActive Investor\n\nOur most advanced investment insights, strategies, and tools.\n\n*Insights from Fidelity Wealth Management* ℠\n\nTimely news, events, and wealth strategies from top Fidelity thought leaders.\n\nWomen Talk Money\n\nReal talk and helpful tips about money, investing, and careers.\n\nEducational Webinars and Events\n\nFree financial education from Fidelity and other leading industry professionals.\n\nDone\n\nAdd subscriptions\n\nNo, thanks.\n\nLoading\n\n- [Changing jobs](https:\/\/www.fidelity.com\/learning-center\/life-events\/career-planning)\n- [Working for yourself](https:\/\/www.fidelity.com\/learning-center\/life-events\/how-to-become-self-employed)\n- [Investing for income](https:\/\/www.fidelity.com\/learning-center\/trading-investing\/investing-for-income)\n- [Preparing for retirement](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/planning-your-retirement)\n- [Saving for retirement](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/saving-for-retirement)\n- [Living in retirement](https:\/\/www.fidelity.com\/learning-center\/personal-finance\/retirement\/planning-your-retirement)\n\n*Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.*\n\n1\\. You are always able to take money from your IRA. Some withdrawals may be taxable and some may be subject to a 10% early withdrawal penalty. If you are over age 59½, you aren't subject to a 10% early withdrawal penalty.\n\n2\\. Not all providers offer the ability to take a loan. The Fidelity self-employed 401(k) does not offer a loan provision.\n\nRecently enacted legislation made a number of changes to the rules regarding defined contribution, defined benefit, and\/or individual retirement plans and 529 plans. Information herein may refer to or be based on certain rules in effect prior to this legislation and current rules may differ. As always, before making any decisions about your retirement planning or withdrawals, you should consult with your personal tax advisor.\n\nFidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. 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bPJL+pkG7w4iF1IiZLyXhfbQ7pml9e3604pRtnPccfbDeIDF0v6ba\/uJ4NBrnVJRu9y\/BnOlMoqjVPDpsP3c7dAzw4SR1mWv8zQEYrcClV137yHSITjs3bAQfYYQRRhhhhBFGGAH8D9DXSGd7oPh2AAAAAElFTkSuQmCC)\n\nWelcome 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cUnQ+0AMDeP2uJX1rbc1PAMmJH6Pekzn70x\/bWI5vav\/\/bO+0hAT+ntcP8P8IOrGXbdHt4cao9BL8tNnDYQU66wQ4LTrUbPJL+pkG7w4iF1IiZLyXhfbQ7pml9e3604pRtnPccfbDeIDF0v6ba\/uJ4NBrnVJRu9y\/BnOlMoqjVPDpsP3c7dAzw4SR1mWv8zQEYrcClV137yHSITjs3bAQfYYQRRhhhhBFGGAH8D9DXSGd7oPh2AAAAAElFTkSuQmCC)\n\nTo get your conversation started, type a question in the entry field or choose from one of the following popular topics and commonly asked questions.\n\n- Does Fidelity offer a loan feature for self-employed retirement plans?\n- Where can I find the yield information for my investments in a Self Employed 401(k) plan?\n- Can I make electronic deposits in my self-employed 401k?\n\nProvide Feedback\n\nanswers will appear above the text input\n\nSubmit message\n\nPrivacy Settings\n\nWhen you visit our website, it may store or retrieve information on your browser, mostly in the form of cookies. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience on this site and the services we are able to offer.\n***\nStrictly Necessary Cookies\n\nThese cookies are necessary for this website to function and cannot be switched off in our systems. You can set your browser to block or alert you about these cookies, but if you block these cookies, some parts of the site will not work. These cookies do not store any personally identifiable information.\n***\nPerformance Cookies\n\nThese cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.\n***\nFunctional Cookies\n\nThese cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.\n***\nTargeting or Advertising Cookies\n\nThese cookies help us present relevant online advertising and marketing messages to you, and measure the effectiveness of our advertising and marketing campaigns. These cookies may be placed on your device by us or by our third-party advertising providers. When these cookies have been placed on your device, they can be recognized by certain advertising platforms used by other websites you visit, and this allows us to present our advertisements to you on those third party websites. While targeting cookies can identify you when you visit different websites, the information collected is anonymous. They do not store personal information, but are based on uniquely identifying your browser and device. If you do not allow these cookies, our online advertisements that you see may be less relevant to you.\n***\n\nCancel\n\nSave","attrs_readable_markdown":"A self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company.\n\nIn many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement.\n\n### Self-employed 401(k) contribution limits\nThe highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the [2026 IRS 401(k) and Profit Sharing Plan Contribution Limits](https:\/\/www.irs.gov\/retirement-plans\/plan-participant-employee\/retirement-topics-401k-and-profit-sharing-plan-contribution-limits \"2026 IRS 401(k) and Profit Sharing Plan Contribution Limits\"), as an employee, you can make salary deferral contributions equal to the lesser of \\$24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra \\$8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year.\n\nAn important note: those between ages 60 and 63 are eligible in 2026 to contribute up to \\$11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to \\$32,500 in 2026 and those 60 to 63 will be able to contribute up to \\$35,750 in 2026, if their plan allows.\n\nIn 2026, the combined limit for employee and employer contributions will be \\$72,000 or 100% of the employee's salary, whichever is lower. The limit is \\$80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or \\$83,250 if between the ages of 60–63.\n\nTogether, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of \\$100,000, you could elect to defer up to \\$24,500. Then, as the employer, you could contribute \\$25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside \\$49,500 in one year to help build your retirement nest egg.\n\nSelf-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense.\n\n### Setting up your self-employed 401(k) plan\nIf you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k).\n\nWhen reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan.\n\nOnce your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business.\n\nIf your account’s year-end balance is more than \\$250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting. [Learn more about these forms](https:\/\/www.fidelity.com\/retirement-ira\/small-business\/form-5500 \"Learn more about these forms\").\n\n### Withdrawing funds from a self-employed 401(k)\nAs with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example:\n\n- Distributions may be allowed due to a \"triggering event,\" typically death, disability, plan termination or achieving the age of 59 1\/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes1\n- You must take required minimum distributions from self-employed 401(k)s beginning at age 73\n- Plans can be structured to allow loans or hardship distributions2\n- Plans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k). [Learn more about self-employed rollover options](https:\/\/www.fidelity.com\/selfemployedrollover?ccsource=se401k_learn \"Learn more about self-employed rollover options\").\n- In the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA\n\nBecause of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future.\n\nIf there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit.","meta_canonical":null}

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Property	Value
URL	https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k
Last Crawled	2026-04-11 13:24:07 (16 hours ago)
First Indexed	2013-12-21 20:43:08 (12 years ago)
HTTP Status Code	200
Meta Title	Understanding the Self-Employed 401(k) - Fidelity
Meta Description	A Self-Employed 401(k), also called a solo 401(k), is a version of the traditional 401(K) that provides high savings potential for solo business owners.
Meta Canonical	null
Boilerpipe Text	A self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company. In many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement. Self-employed 401(k) contribution limits The highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the 2026 IRS 401(k) and Profit Sharing Plan Contribution Limits , as an employee, you can make salary deferral contributions equal to the lesser of $24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra $8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year. An important note: those between ages 60 and 63 are eligible in 2026 to contribute up to $11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to $32,500 in 2026 and those 60 to 63 will be able to contribute up to $35,750 in 2026, if their plan allows. In 2026, the combined limit for employee and employer contributions will be $72,000 or 100% of the employee's salary, whichever is lower. The limit is $80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or $83,250 if between the ages of 60–63. Together, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of $100,000, you could elect to defer up to $24,500. Then, as the employer, you could contribute $25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside $49,500 in one year to help build your retirement nest egg. Self-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense. Setting up your self-employed 401(k) plan If you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k). When reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan. Once your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business. If your account’s year-end balance is more than $250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting. Learn more about these forms . Withdrawing funds from a self-employed 401(k) As with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example: Distributions may be allowed due to a "triggering event," typically death, disability, plan termination or achieving the age of 59 1/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes 1 You must take required minimum distributions from self-employed 401(k)s beginning at age 73 Plans can be structured to allow loans or hardship distributions 2 Plans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k). Learn more about self-employed rollover options . In the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA Because of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future. If there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit.
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Share ![Share](https://www.fidelity.com/bin-public/600_Fidelity_Com_English/images/article/share.svg) Close Popover * Understanding the Self-Employed 401(k) - Fidelity Clicking a link will open a new window. - [Facebook](https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k#facebook) - [Twitter](https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k#twitter) - [LinkedIn](https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k#linkedin) [Print ![Print](https://www.fidelity.com/bin-public/600_Fidelity_Com_English/images/article/Print.svg)](https://www.fidelity.com/learning-center/personal-finance/retirement/self-employed-401k#print) # Understanding the self-employed 401(k) A solo 401(k) often provides the highest savings potential for self-employed individuals Fidelity Learn ![](https://www.fidelity.com/bin-public/600_Fidelity_Com_English/images/migration/understanding_the_self_employed_401k_Banner_800x285.jpg) A self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company. In many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement. ### Self-employed 401(k) contribution limits The highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the [2026 IRS 401(k) and Profit Sharing Plan Contribution Limits](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits "2026 IRS 401(k) and Profit Sharing Plan Contribution Limits"), as an employee, you can make salary deferral contributions equal to the lesser of \$24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra \$8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year. An important note: those between ages 60 and 63 are eligible in 2026 to contribute up to \$11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to \$32,500 in 2026 and those 60 to 63 will be able to contribute up to \$35,750 in 2026, if their plan allows. In 2026, the combined limit for employee and employer contributions will be \$72,000 or 100% of the employee's salary, whichever is lower. The limit is \$80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or \$83,250 if between the ages of 60–63. Together, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of \$100,000, you could elect to defer up to \$24,500. Then, as the employer, you could contribute \$25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside \$49,500 in one year to help build your retirement nest egg. Self-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense. ### Setting up your self-employed 401(k) plan If you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k). When reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan. Once your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business. If your account’s year-end balance is more than \$250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting. [Learn more about these forms](https://www.fidelity.com/retirement-ira/small-business/form-5500 "Learn more about these forms"). ### Withdrawing funds from a self-employed 401(k) As with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example: - Distributions may be allowed due to a "triggering event," typically death, disability, plan termination or achieving the age of 59 1/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes1 - You must take required minimum distributions from self-employed 401(k)s beginning at age 73 - Plans can be structured to allow loans or hardship distributions2 - Plans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k). [Learn more about self-employed rollover options](https://www.fidelity.com/selfemployedrollover?ccsource=se401k_learn "Learn more about self-employed rollover options"). - In the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA Because of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future. If there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit. ## Consider a self-employed 401(k) If you're self-employed or run an owner-only business, we have a 401(k) that may be right for you. [Learn more](https://www.fidelity.com/retirement-ira/small-business/self-employed-401k/overview) ## More to explore ### [See how you're doing](https://www.fidelity.com/calculators-tools/PGCretirement-score) Find out if you're contributing enough to your retirement savings. ### [Retirement rules of the road](https://www.fidelity.com/viewpoints/retirement/retirement-roadmap) 4 easy guidelines to help you reach your retirement goals. ## Subscribe to Fidelity Viewpoints® Timely news and insights from our pros on markets, investing, and personal finance.(debug tcm:2365-349569) ### Looking for more ideas and insights? We'll deliver them right to your inbox. 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Loading - [Changing jobs](https://www.fidelity.com/learning-center/life-events/career-planning) - [Working for yourself](https://www.fidelity.com/learning-center/life-events/how-to-become-self-employed) - [Investing for income](https://www.fidelity.com/learning-center/trading-investing/investing-for-income) - [Preparing for retirement](https://www.fidelity.com/learning-center/personal-finance/retirement/planning-your-retirement) - [Saving for retirement](https://www.fidelity.com/learning-center/personal-finance/retirement/saving-for-retirement) - [Living in retirement](https://www.fidelity.com/learning-center/personal-finance/retirement/planning-your-retirement) Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. 1\. You are always able to take money from your IRA. Some withdrawals may be taxable and some may be subject to a 10% early withdrawal penalty. If you are over age 59½, you aren't subject to a 10% early withdrawal penalty. 2\. Not all providers offer the ability to take a loan. The Fidelity self-employed 401(k) does not offer a loan provision. Recently enacted legislation made a number of changes to the rules regarding defined contribution, defined benefit, and/or individual retirement plans and 529 plans. Information herein may refer to or be based on certain rules in effect prior to this legislation and current rules may differ. As always, before making any decisions about your retirement planning or withdrawals, you should consult with your personal tax advisor. Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. 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zw4SR1mWv8zQEYrcClV137yHSITjs3bAQfYYQRRhhhhBFGGAH8D9DXSGd7oPh2AAAAAElFTkSuQmCC) 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To get your conversation started, type a question in the entry field or choose from one of the following popular topics and commonly asked questions. - Does Fidelity offer a loan feature for self-employed retirement plans? - Where can I find the yield information for my investments in a Self Employed 401(k) plan? - Can I make electronic deposits in my self-employed 401k? 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Readable Markdown	A self-employed 401(k)—sometimes called a solo-401(k) or an individual 401(k)—is a type of savings option for small-business owners who don't have any employees (apart from a spouse). That makes these accounts a good fit for sole proprietors, independent consultants, partnerships, and owner-only corporations looking for a retirement plan similar to one they might get from working at a larger company. In many ways, the self-employed 401(k) works the same way as a standard 401(k). You as the employer, make contributions on your behalf as the employee from your pre-tax earnings, and you can also make contribution as the employer. Those contributions can be combined to invest in a range of vehicles to grow tax-deferred until withdrawn in retirement. ### Self-employed 401(k) contribution limits The highlight of the self-employed 401 (k) is the ability to contribute to the plan in two ways. According to the [2026 IRS 401(k) and Profit Sharing Plan Contribution Limits](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits "2026 IRS 401(k) and Profit Sharing Plan Contribution Limits"), as an employee, you can make salary deferral contributions equal to the lesser of \$24,500, or 100% of your compensation. If you're at least 50 years old or will turn 50 years old in 2026, your savings options are even higher because you can add an extra \$8,000 in catch-up contributions each year. Then, as the employer, you can make a contribution of up to 25% of your compensation each year. An important note: those between ages 60 and 63 are eligible in 2026 to contribute up to \$11,250 as a catch-up contribution, if their plan allows. This means those 50 to 59 or 64 or older can contribute up to \$32,500 in 2026 and those 60 to 63 will be able to contribute up to \$35,750 in 2026, if their plan allows. In 2026, the combined limit for employee and employer contributions will be \$72,000 or 100% of the employee's salary, whichever is lower. The limit is \$80,000 if the employee is age 50–59 or 64 and over and making catch-up contributions, or \$83,250 if between the ages of 60–63. Together, those contributions can add up to significant annual savings. For example, if you're an independent consultant under 50 (with no employees) with 2026 compensation of \$100,000, you could elect to defer up to \$24,500. Then, as the employer, you could contribute \$25,000 more based on your compensation minus business expenses and self-employment taxes. In total, you could set aside \$49,500 in one year to help build your retirement nest egg. Self-employed 401(k) contributions may also make you eligible for added tax breaks. If your business is not incorporated, you can generally deduct contributions for yourself from your personal income. If your business is incorporated, you can count the contributions as a business expense. ### Setting up your self-employed 401(k) plan If you decide that a self-employed 401(k) is a good match for your situation, you can set one up through a financial institution that administers 401(k) plans. Because these plans typically involve only 1 or 2 people, they're simpler to administer than a standard 401(k). Accordingly, fees also can be relatively low, with some institutions not charging any setup or maintenance fees for a self-employed 401(k). When reviewing potential 401(k) plans, make sure you're aware of all applicable fees before signing up. You may also want to look for a plan that offers a wide range of investment options, including mutual funds, stocks, bonds, ETFs, and CDs. Some institutions also offer online tools or telephone assistance to help you pick the right mix of investments for your plan. Once your plan is up and running, and you've established contribution levels and choosing investments for those funds, be sure to keep detailed records. There is no annual minimum contribution requirement, so you can increase contributions in good years and save less during times when you need more cash for your business. If your account’s year-end balance is more than \$250,000, you terminate the plan, or you find you have an employee that has become eligible, you might be required to file one of the forms in the IRS 5500 series for tax reporting. [Learn more about these forms](https://www.fidelity.com/retirement-ira/small-business/form-5500 "Learn more about these forms"). ### Withdrawing funds from a self-employed 401(k) As with standard 401(k) plans, the self-employed or solo 401(k) is intended to help you save money for retirement, and there are regulations in place to encourage you to do so. For example: - Distributions may be allowed due to a "triggering event," typically death, disability, plan termination or achieving the age of 59 1/2 or older, but they may be subject to a 10% early withdrawal penalty, along with any applicable income taxes1 - You must take required minimum distributions from self-employed 401(k)s beginning at age 73 - Plans can be structured to allow loans or hardship distributions2 - Plans can be structured to accept rollovers from other retirement accounts, including SEP IRAs and traditional 401(k)s, into your self-employed 401(k). [Learn more about self-employed rollover options](https://www.fidelity.com/selfemployedrollover?ccsource=se401k_learn "Learn more about self-employed rollover options"). - In the event of a triggering event, you can roll your self-employed 401(k) assets into another 401(k) (assuming the employer's plan allows rollovers) or an IRA Because of its high contribution levels, flexible investment options, and relatively easy administration, the self-employed or solo 401(k) is an attractive option for self-employed or small business owners who want to be able to save aggressively for the future. If there is the potential that your business might add employees at a later date, however, know that you will either have to convert your self-employed 401(k) plan to a standard 401(k), or else terminate it. But if you're confident that you will remain a one-person operation, and you want the high savings options that these plans offer, this type of account may be a good fit.
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