Groundfloor IRA uses custodial fees that are covered by Groundfloor through June 2025. This includes fees for opening and maintaining your IRA account. We'll give at least 90 days notice if we decide to issue fees beyond that date. If you'd like to know more about potential future fees, you can check Forge Trust's current fee structure on their website: https://forgetrust.com/
If you invest in a Groundfloor IRA and the Flywheel Portfolio, the Flywheel Portfolio's fee will still apply.
For Flywheel investments made prior to January 1, 2025 (labeled as "Flywheel: Aug 2024" on your dashboard), a 0.25% quarterly fee is charged based on your remaining invested balance. For example, if you have $100 in remaining investments as of June 30, 2025, the fee would be $0.25.
For Flywheel investments made between January 1, 2025 and June 30, 2025 (labeled as "Flywheel: Jan 2025" on your dashboard), a 0.50% fee is charged on each disbursement, calculated based on the total amount disbursed. For example, if you receive $100 in a week ($90 principal + $10 interest), the fee would be $0.50.
For Flywheel investments made between July 1, 2025 and December 31, 2025 (labeled as "Flywheel: July 2025" on your dashboard), a 1.00% fee is charged on each disbursement, calculated based on the total amount disbursed. For example, if you receive $100 in a week ($90 principal + $10 interest), the fee is $1.00.
In addition, Groundfloor can be reimbursed for certain expenses related to resolving defaulted loans. Fees, expenses, and allowances for potential losses of principal are not included in our weighted average interest rate disclosures. Please refer to our Offering Circular for more details.