President Donald Trump signed an executive order Thursday directing the Treasury Department to create TrumpIRA.gov, a website where the roughly 50 million U.S. workers without employer-sponsored retirement plans can compare and enroll in private-sector accounts. The order is timed to give those workers access to a retirement savings vehicle before the January 2027 launch of the Saver’s Match, a federal program that will match contributions of lower-income savers.
The Saver’s Match, enacted as part of 2022 legislation under President Joe Biden, will provide a matching contribution of up to $1,000 for single filers and up to $2,000 for married couples filing jointly. The full $1,000 match is available to single filers earning less than $20,500, with a reduced match phasing out at an income of $35,500. It applies to contributions made to 401(k) plans, IRAs, and Roth IRAs.
At an Oval Office signing ceremony, Trump described the website as a bridge for workers who currently lack retirement plan access. “For millions of Americans who lack employer-sponsored plans, this will be really revolutionary, because they’ll be covered,” he said. The order does not create a new government retirement plan; instead, it directs the Treasury Department to help workers compare existing private-sector offerings.
Trump also said he wants Congress to expand the Saver’s Match beyond its current income limits. “We’re going to take it to the next level,” he said, suggesting that middle-income families should also qualify. Kevin Hassett, director of the White House’s National Economic Council, said many middle-income earners also lack access to employer plans. “We’re working with Congress to significantly expand this program and are looking forward to legislation this year,” Hassett said at the ceremony.
Trump first raised the idea during his State of the Union address in February, when he highlighted the gap in retirement-plan access. “To remedy this gross disparity, I’m announcing that next year my administration will give these often-forgotten American workers — great people, the people that built our country — access to the same type of retirement plan offered to every federal worker,” he said at the time. The executive order represents the administration’s first concrete step toward delivering on that pledge.