A portable workplace IRA
Free to save. Free to leave.
The account belongs to the employee, not the employer. Start through payroll, keep control, and take the IRA with you when work changes.
Built for everyone
Employers administer eligibility and payroll. Employees own and manage their individual accounts. Neither role can act outside what it is authorised to do.
Employers
Invite employees, manage contributions, resolve exceptions, and access evidence of what happened and when.
Explore employer tools →Employees
Open an IRA, contribute through payroll, review investments, and keep the account when you change jobs.
See the employee experience →Self-employed
Set up a personal retirement path with clear fees, documents and no employer required.
Learn more →One simple experience
The employer invites
Eligible employees receive an invitation. Nothing is opened on anyone’s behalf.
The employee opens the account
Identity is verified once with an Investor Passport. The account is the employee’s own IRA.
Payroll contributes
Each contribution moves through submitted, accepted, posted, settled and reconciled — and you can see which state it is in.
It stays yours
Change jobs and the account travels. Nothing to roll over, nothing to chase.
What it costs
Nothing to open. Nothing to maintain. Nothing to close. Cash in the money market option carries no MyFreeIRA fee, and the curated ETF menu is commission-free with third-party charges passed through at cost.
See footnote 1
Where the account lives
MyFreeIRA is the experience. The account itself is held by Institutional Trust Company through Investor Services, so the record of what you own sits with a custodian rather than with an app.
See footnote 3
Footnotes
- No account establishment fee, no maintenance fee and no closing fee. Cash held in the money market option carries no MyFreeIRA fee. Investment options other than the money market may carry third-party costs, described on the Fees page. ↩
- Custody will be provided by Institutional Trust Company through Investor Services. Institutional Trust Company is seeking a South Dakota non-depository trust charter, is not chartered, and is not accepting accounts. Account opening is not available. ↩