In addition to providing employees with many of the tax benefits of traditional retirement accounts—such as pre-tax contributions and tax-deferred growth—they also can provide tax benefits for employers. Each year, employees can choose how much of their salary they would like to contribute to their accounts. SEP IRAs, SIMPLE IRAs, 401(k) plans, and more. Click on the specific fund names for details. SIMPLE IRA This plan offers tax deferral plus pretax contributions for self-employed individuals and participants in small businesses with fewer than 100 employees. Before investing, consider the funds' investment objectives, risks, charges, and expenses. The 2% non-elective contribution is based on a maximum salary of $285,000 for 2020, meaning that you would contribute no more than $5,700 to an employee's account. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. For SIMPLE IRAs, if the withdrawal is made within the first two years of plan participation, the 10% penalty increases to 25%. Fidelity IRA Setup and Annual Fees As with other fees, the trend in IRA fees is toward zero. Take advantage of potential tax-deferred or tax-free growth. Online Security– We will never ask for personal information through e-mail. Access a wide range of investments for your existing retirement plan through Fidelity's brokerage account for plan sponsors. Fidelity reserves the right to change the funds available without transaction fees and reinstate the fees on any funds. License Agreement. Traditional and Roth IRA's were created for individual investors. You likely won’t find the Zero funds in your 401(k), as most providers wait until funds are at least 3 years old before adding them, but FZROX is available in any Fidelity IRA. Plans that are easy to setup and manage from an experienced retirement plan provider. 449145.11.0 Fidelity Brokerage Services LLC, Member NYSE, SIPC SIRA-PNFRM-0811 1.849611.105 Dear Employees: You are eligible to participate in the SIMPLE-IRA plan our company offers. Fidelity SIMPLE IRA plans receive a Summary Description and Participant Notice when the plan is established and annually thereafter in September. Employer contributions to SIMPLE IRAs are immediately vested to the employee. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Username For U.S. employees, your username (up to 15 characters) can be any customer identifier you've chosen or your Social Security number (SSN). Fidelity Brokerage Services LLC, Member NYSE, SIPC. Fidelity Go is designed with the young investor in mind and has a very simple user interface. Fidelity will charge a short-term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 180 days (short-term trade). 403(b) & 457(b) Participants & Employees of Non-Profits * Account balances, investment options, contributions, and tools. Fidelity supports 128-bit browser encryption. Electronic Services Customer Agreement Employees can choose a variety of investment options for their SIMPLE IRAs, including stocks, bonds, exchange-traded funds, mutual funds, and CDs. SIMPLE IRA plans combine employer and employee contributions for retirement savings. Fidelity Investments retirement account annual, maintenance, inactivity, and termination charges schedule. *It works with financial advisors and advisory firms, offering them resources to help investors plan and achieve their goals; it also works with institutions and consultants to meet their varying and custom investment needs. Fidelity rates and fees on ROTH IRA, Sep/Simple, 401K Rollover/Traditional IRA accounts. However, a special rule applies to a distribution received from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer’s SIMPLE IRA plan. This notice and the attached Summary Description provide you Fidelity will charge a short-term trading fee each time you sell or exchange shares of FundsNetwork No Transaction Fee (NTF) funds held less than 180 days (short-term trade). We recommend closing all browser windows once you are through using our site. Employees do not need to meet a minimum investment in order to start a SIMPLE IRA. 528347.4.2 Fidelity Go is designed with the young investor in mind and has a very simple user interface. Account holders also can roll a SIMPLE IRA into a traditional IRA (tax-free) or Roth IRA (income tax due) after 2 years. The employer match component adds another incentive for employees to contribute. Important legal information about the email you will be sending. If you choose to match up to 3% of your employees' salary reduction contributions, the 2020 contribution limits to a SIMPLE IRA is $13,500 for employees under 50 years old and $16,500 for employees over 50. Fidelity reserves the right to change the funds available without transaction fees and reinstate the fees on any funds. Fidelity has dozens of low-cost, top performing mutual funds in several diverse categories. ... Fidelity reserves the right to change the funds available without transaction fees and reinstate the fees on any funds. Fidelity supports 128-bit Starting at age 72, 2 participants must take required minimum distributions. Fidelity supports 128-bit browser encryption. Keep in mind that investing involves risk. The employer can choose to match their employees' contributions of up to 3% of annual pay, or make a non-elective contribution of 2% of employees' salaries. Fidelity PlanManager® is the easy, convenient, and secure way to manage your SIMPLE-IRA Plan. They must be limited to $100,000 for each individual and would not be subject to the 10% early withdrawal penalty for those under 59½. Fidelity Institutional SM. Fidelity.com * Online trading, ETFs, Mutual Funds, IRAs, & Retirement for Individual Investors; 401(k) Participants & Employees of Corporations * Account balances, investment options, contributions, and tools. Many administrative details are shouldered by the financial institution that manages the accounts and you don't have to file annual plan reports with the IRS. You may be eligible to take a coronavirus distribution under the CARES Act if: (Separate multiple email addresses with commas), (Separate multiple e-mail addresses with commas). The most secure digital platform to get legally binding, electronically signed documents in just a few seconds.