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Carry vs Fidelity
Carry is the most powerful solo 401k plan, allowing you to contribute up to $66,000 for 2023, up to $22,500 into a Roth account, and invest your funds in any asset class – all for just $299/year, with no fees for your assets under management*.
How Carry stacks up against the Fidelity Solo 401k
The Carry Solo 401k is a premium self-directed solo 401k plan that comes with the ability to invest in any asset class*, make Roth contributions, perform a mega backdoor Roth solo 401k, and make all your contributions and investments directly through the Carry app. The Fidelity Solo 401k is a free solo 401k plan that comes with minimum features. While you can invest in a wide range of traditional assets, there is no Roth option, no mega backdoor, and you have to mail them a physical check if you want to make a contribution.
More investment options
With the Fidelity Solo 401k plan, you can invest in a wide range of traditional assets like stocks, bonds, and ETFs, but not alternative assets. With Carry, you can invest in any asset class, including alternative assets like real estate and crypto.
Roth contributions & mega backdoor
Fidelity only offers a pre-tax account, while the Carry Solo 401k plan comes with both pre-tax and Roth options. You can also perform a mega backdoor Roth solo 401k and contribute up to $66,000 into a Roth account for 2023.
Modern interface
Fidelity still requires that you mail in a physical check to make contributions. Carry is a modern version of the solo 401k where you can make contributions and invest directly within our app using our integrated investment platforms*.
| Features | Carry Solo 401k | Fidelity Solo 401k |
|---|---|---|
| Cost | $299/year for unlimited investments*. | Free to set up. |
| Roth option | ✅ | ❌ |
| Mega backdoor Roth | ✅ | ❌ |
| Investment options | Any asset class* | Only traditional assets like stocks, mutual funds, ETFs, bonds. |
| Making contributions | Online through the Carry app | Mail in a physical check |
| Alternative investments | ✅ | ❌ |
| Checkbook control | ✅ | ❌ |
| Rollovers | ✅ | ✅ |
| Invest in crypto | ✅ | ❌ |
| Invest in NFTs | ✅ | ❌ |
| Invest in real estate | ✅ | ❌ |
| Invest in private equity | ✅ | ❌ |
Why do business owners prefer Carry?
The Carry Solo 401k is a supercharged retirement account for business owners with the highest contribution limits, a mega-sized Roth account, and integrated bank and investment platforms that allow you to invest in any asset class*.
The highest contribution limits
You can contribute up to $66,000 for 2023. In comparison, an IRA has a contribution limit of just $6,500 and a 401k has a contribution limit of $22,500.
A modern all-in-one platform
Imagine having to read through and sign 50+ pages of documents. That’s the old way of signing up for a solo 401k. With Carry, everything is done seamlessly through our app, and creating your solo 401k can be done in under 10 minutes.
Invest in any asset class
Carry gives you checkbook control over your investment account, allowing you to invest in any asset class from traditional assets, like stocks and ETFs, to alternative assets, like crypto and real estate*.
A mega-sized Roth account
When you sign up with Carry, you get both pre-tax and Roth solo 401k accounts. Contribute up to $22,500 into your Roth solo 401k, or up to $66,000 into your Roth solo 401k with our mega backdoor implementation.
Prototype vs non-prototype plans
A prototype plan is a free or low-cost solo 401k plan offered by some of the major banks, like Fidelity. While you can save money on sign up fees, your account won’t have any of the best features that are supposed to come with a solo 401k like a Roth option, mega backdoor, or the ability to invest in any asset class.
Carry is a non-prototype plan. Along with a Roth option, mega backdoor, and modern interface, you can sign up, make contributions, and invest your funds all within the Carry app*.
Carry is trusted and backed by the world’s top entrepreneurs, creators and money experts.
“The level of insight you get in terms of your money management is not something I’ve seen on any other apps I’ve used.”
3500
Early Stage Users
100+
Startup founders have invested in Carry
$5M+
In preseed funding
Built by the team that built:
“The Carry Solo 401k is a retirement plan so powerful and flexible that it feels like you’re getting access to a tax loophole.”
Elizabeth Yin
Cofounder, Hustle Fund
“Every business owner, creator, and self-employed person should have one. The benefits and tax savings each year are a no-brainer.”
Sebastian Fung
Owner, Ask Sebby
“Carry built something I’ve wanted to exist for a long time – the modern solo 401k with all the best features and full admin support.”
Nate O’Brien
Investor & YouTuber
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan**.
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan)*.
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan)*.
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($399 $299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($999/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan)◊
Plus: Access to “Ask an Advisor”◊
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class through your plan with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan.†
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan).◊
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan).◊
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($499/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan◊
Plus: Access to “Ask an Advisor”◊