in effect
Executive Order 14403, signed April 30, 2026, directs the Secretary of the Treasury to build a federal government website (TrumpIRA.gov) that helps workers without employer-sponsored retirement plans find and open low-cost individual retirement accounts (IRAs). It also directs agencies to implement and promote the Federal Saver’s Match, a matching contribution program established by the bipartisan SECURE 2.0 Act of 2022.
The Treasury Department must launch TrumpIRA.gov by January 1, 2027, listing private-sector IRA providers that meet specific criteria: total expense ratios capped at 0.15%, no minimum contribution or balance requirements, and investment menus that include index funds, target-date funds, balanced funds, or principal-protection options. Eligible workers who contribute to qualifying IRAs can receive a Federal Saver’s Match of up to $1,000, a benefit already authorized by law (26 U.S.C. 6433) but now being actively promoted through this platform. The Treasury and Labor Departments are directed to issue guidance to protect workers from prohibited transactions and ensure fee transparency. The IRS is directed to clarify the tax treatment of IRA contributions made by charitable organizations on behalf of qualifying workers. The Treasury Secretary is also tasked with drafting legislative proposals to make these policies permanent law.
The primary intended beneficiaries are workers currently without access to employer-sponsored retirement plans — including gig workers, independent contractors, part-time employees, self-employed individuals, and small-business employees. Private-sector financial institutions that want to be listed on the site must meet the cost and investment-option standards set by Treasury. Charitable organizations that contribute to workers’ IRAs will receive IRS guidance on how those contributions are taxed.