Home › Employees
For employees
It is your account, from the first contribution.
Your employer sends the money. Everything after that — the investments, the beneficiaries, the decision to keep going — is yours.
What you control
- Whether to open an account at all
- Traditional or Roth
- Your contribution rate, changed whenever you like
- Which investments you hold, from the curated menu
- Who inherits the account
- Whether to keep contributing after you leave
What it costs you
Nothing to open, nothing to maintain, nothing to close. Cash in the money market option carries no MyFreeIRA fee. The curated ETF menu is commission-free, with mandatory regulatory charges passed through at cost.
See footnote 1
See footnote 2
What you can see
| Screen | What it shows |
|---|---|
| Overview | Balance, cash available, contributions to date, rate of return |
| Contributions | Every contribution, its state, and what is scheduled next |
| Investments | Holdings, allocation, and the curated menu |
| Transactions | Every buy, sell, contribution and transfer with its state |
| Transfers | Incoming rollovers and transfers, with what each one still needs |
| Documents | Statements, tax forms and the account agreement |
| Beneficiaries | Primary and contingent, with the percentages |
| Profile & settings | Contact details, security, notifications |
See footnote 4
Changing jobs
Nothing happens to the account. Payroll contributions stop when the paycheque does, and the account carries on. If your next employer participates, contributions resume; if not, you can contribute directly.
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. ↩
- MyFreeIRA charges no commission on purchases or sales of the US exchange-listed ETFs on its curated menu. Mandatory third-party charges set by the SEC and FINRA are passed through at cost, without markup, and are itemised on your transaction confirmation. Final rates are confirmed with our executing broker before launch. ↩
- Figures and account activity shown in demonstration screens are illustrative and do not represent a real account, a quotation, or expected performance. ↩