diff --git a/lib/active_model/serializer.rb b/lib/active_model/serializer.rb
index b9a892b1..02a25c56 100644
--- a/lib/active_model/serializer.rb
+++ b/lib/active_model/serializer.rb
@@ -380,8 +380,7 @@ module ActiveModel
       options[:value] ||= send(name)
       options[:embed] = _embed unless options.key?(:embed)
       options[:include] = _root_embed unless options.key?(:include)
-      options[:serializer_options] = self.options
-      association = association_class.new(name, options)
+      association = association_class.new(name, options, self.options)
 
       if association.embed_ids?
         node[association.key] =
diff --git a/lib/active_model/serializer/associations.rb b/lib/active_model/serializer/associations.rb
index 140c056a..c651417d 100644
--- a/lib/active_model/serializer/associations.rb
+++ b/lib/active_model/serializer/associations.rb
@@ -2,9 +2,10 @@ module ActiveModel
   class Serializer
     module Associations #:nodoc:
       class Config #:nodoc:
-        def initialize(name, options={})
+        def initialize(name, options={}, serializer_options={})
           @name = name
           @options = options
+          @serializer_options = serializer_options
         end
 
         def target_serializer
@@ -48,15 +49,15 @@ module ActiveModel
 
         def find_serializable(object)
           if target_serializer
-            target_serializer.new(object, options[:serializer_options])
+            target_serializer.new(object, serializer_options)
           elsif object.respond_to?(:active_model_serializer) && (ams = object.active_model_serializer)
-            ams.new(object, options[:serializer_options])
+            ams.new(object, serializer_options)
           else
             object
           end
         end
 
-        attr_reader :options
+        attr_reader :options, :serializer_options
       end
 
       class HasMany < Config #:nodoc: