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Now all employees can save for retirement

If some or all of your employees don’t have access to a retirement savings plan you can help them start saving with myRA.

myRA® was developed by the United States Department of the Treasury to help more people start saving for retirement. It’s a simple, safe and affordable way for your employees to save. And, it’s really easy for you.

See how it works
Play video about helping employees to start saving for retirement with my R.A.

How easy is it?

You simply share myRA information with employees. Then set up payroll deductions for employees, or tell them about other ways they can fund their myRA accounts.

Use free resources

Why do employers like myRA?

It’s simple.

You don’t administer employee accounts, contribute to them, or match employee contributions. It only takes a few minutes for employees to sign up online.

It’s safe.

We know you care about your employees. myRA is a Roth IRA that is backed by the United States Treasury and carries no risk of losing money.

It’s affordable.

myRA is available at no cost to employers. It costs nothing to open an account and employees choose how much they want to save.

Photo of Tim Galea, Norton's Flowers & Gifts

"As a business owner, it was exciting to be one of the first in the nation to share myRA"

Tim Galea, Norton's Flowers & Gifts

Read the full story >

Photo of Wendell Kimbrough

"myRA not only gives me a warm and fuzzy feeling, but also fills a gap in our benefits package."

Wendell Kimbrough, ARCHS

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Photo of Sonja Hubbard, E-Z Mart

"I think businesses have a responsibility to help people and supporting myRA is a way to do that"

Sonja Hubbard, E-Z Mart

Read the full story >

Photo of Tim Galea, Norton's Flowers & Gifts

Tim Galea

Norton's Flowers & Gifts

Ypsilanti, MI

"As a business owner, it was exciting to be one of the first in the nation to share myRA"

Tim Galea

Norton's Flowers & Gifts

Read the full story >

Photo of Wendell Kimbrough, ARCHS

Wendell Kimbrough

ARCHS

St. Louis, MO

"myRA is a wonderful opportunity for a community of employees who historically don't save."

Wendell Kimbrough

ARCHS

Read the full story >

Photo of Sonja Hubbard, E-Z Mart

Sonja Hubbard

E-Z Mart

Texarkana, TX

"I think businesses have a responsibility to help people and support myRA is a way to do that"

Sonja Hubbard

E-Z Mart

Read the full story >

Sharing myRA with employees

Use these resources to provide information about myRA to your employees

Meet in person

Presentation

Download PDF

Invitations and follow up

View Text

Top questions

Download PDF

Post or send

Email to employees

View Text

Intranet copy

View Text

Web banner

Download Image

Print and display

myRA at-a-glance

Download PDF En Español

Direct deposit form

Download PDF

Employer answers

What other employers want to know

Is this meant to replace my company’s 401(k) plan?

No. myRA was primarily designed to offer a retirement savings option for workers who do not have access to or are not eligible for employer-sponsored retirement plans.

What do I need to do once an employee opens a myRA account?

One way employees can fund their myRA accounts is through automatic deductions from their paycheck in the amount they choose. All you do is set up this payroll deduction using a direct deposit authorization form.

More employer FAQs

Need help getting started?

Our team is ready to answer your questions and help you get started. Contact us today!

1-844-874-7590

Sign up for our employer and partner e-newsletter

To subscribe to the e-newsletter, simply send a blank email to join-myra-newsletter@lists.fiscal.treasury.gov.

Last updated 04/26/2017