; (ii) permit an employer to establish such a Roth IRA on behalf of 1 or more employees of such employer; (iii) require the assets of each Roth IRA established under the program to be held by the designated Roth IRA custodian; (iv) permit contributions to be made periodically to such Roth IRAs by direct deposit or other electronic means and by methods that provide access for the unbanked; (v) permit distributions and rollovers from such Roth IRAs upon request of the account owner; (vi) include procedures to consolidate multiple accounts established for the same individual; and (vii) ensure that such Roth IRAs are invested solely in retirement savings bonds issued by the Department of the Treasury for the purpose of the MyRA Program. (B) Regulations, etc The Secretary of the Treasury shall have authority to promulgate such regulations, rules, and other guidance as are necessary to implement the MyRA program, and are consistent with this section, as well as coordination rules permitting Roth IRAs to be established under the MyRA program in connection with State and local laws that enroll residents in Roth IRAs. (2) No fees No fees shall be assessed on participants in the MyRA Program. (3) Limitations (A) Contribution minimum The Secretary of the Treasury may establish minimum amounts for initial and additional contributions to a Roth IRA under the MyRA Program, not to exceed $5. (B) Rollover contributions not permitted No rollover contribution shall be accepted to a Roth IRA under the MyRA program. (C) Account maximum No contributions shall be credited to a Roth IRA under the MyRA Program after the account balance of such Roth IRA reaches $15,000. (D) Limitation on participation Within a reasonable amount of time after the earlier of— (i) the date the account balance of a Roth IRA under the MyRA Program reaches $15,000; or (ii) the earlier of— (I) the date that the participant has been a participant in the MyRA Program for 30 years; or (II) the date that the participant reaches age 59 1/2