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Fidelity Solo-401k referred to as Keogh?

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  • Fidelity Solo-401k referred to as Keogh?

    Just sent in paperwork for Fidelity Solo 401-k.  A new account appeared on my page called "Profit Sharing Keogh."  I read online that Fidelity refers to its solo-401k as this, but I also read that independent contractors (which I am) are unable to use Keogh plans.   I called Fidelity and they say this is a common issue/question that comes up and the account is actually a true "solo 401-k" plan.  I am wondering if any of you have experience with this?  Thanks.

  • #2
    Yes ours is the same way.  No big deal I think it's just a Fidelity labeling issue.

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    • #3
      I custody my clients' Solo 401(k)s at Fidelity and can confirm that "Profit Sharing Keogh" is how they label all Solo 401(k)s.

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