Carry vs Fidelity Solo 401(k)
Side-by-side comparison of Carry and Fidelity Solo 401(k) plans for freelancers — fees, features, and which one fits your needs.
| Feature | Carry | Fidelity |
|---|---|---|
| Setup Fee | $299 | $0 |
| Annual Fee | $299/yr | $0 |
| Roth Option | ||
| Crypto | ||
| Alt Investments | ||
| Self-Directed | ||
| Loans | ||
| Mega Backdoor | ||
| Investment Options | Stocks, ETFs, crypto via Coinbase/Gemini | Stocks, ETFs, mutual funds, bonds |
| Best For | Crypto holders who want a simple setup | Zero-cost simplicity for most freelancers |
Carry
PROS
- Easy crypto investing
- Mega backdoor Roth
- Clean interface
CONS
- $299/yr fee
- No loans
- No real estate
Fidelity
PROS
- $0 fees
- No minimums
- Lowest-cost index funds
CONS
- No crypto
- No loans
- No self-directed
The Verdict
Fidelity is cheaper, but Carry offers more features.
Fidelity costs $0 over 5 years vs $1794 for Carry — a $1794 difference.
Carry offers 4 advanced features vs 0 for Fidelity.
Choose Fidelity if you want to minimize costs. Choose Carry if you need crypto, self-directed investing or other advanced features.
Frequently Asked Questions
Which is better for freelancers, Carry or Fidelity Solo 401(k)?
Fidelity is cheaper, but Carry offers more features. Choose Fidelity if you want to minimize costs. Choose Carry if you need crypto, self-directed investing or other advanced features.
How much does Carry vs Fidelity Solo 401(k) cost?
Carry charges $299 setup and $299/yr annually ($1794 over 5 years). Fidelity charges $0 setup and $0 annually ($0 over 5 years). Fidelity costs $0 over 5 years vs $1794 for Carry — a $1794 difference.
Can I invest in crypto with Carry or Fidelity Solo 401(k)?
Only Carry supports crypto investing. Fidelity limits you to traditional investments like stocks, etfs, mutual funds, bonds.
Does Carry or Fidelity offer self-directed investing?
Carry supports self-directed investing including real estate and alternative assets.