President Donald Trump is set to sign an executive order on Thursday that directs the creation of a new government website designed to help Americans find and compare private-sector retirement savings accounts. The initiative aims to assist millions of workers whose employers do not offer such plans, particularly as the federal government prepares to launch a matching contribution program for low- and middle-income earners next year.
New Website to Bridge the Gap
The executive order calls for the Treasury Department to launch TrumpIRA.gov, a platform where workers can evaluate and select from existing private retirement plans. This move is intended to address a significant disparity: roughly half of all U.S. workers lack access to employer-sponsored retirement plans with matching contributions, according to a White House official who spoke on condition of anonymity.
President Trump first floated the idea during his State of the Union address in February, emphasizing the need to provide the same type of retirement benefits available to federal employees to the broader workforce. “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 then.
The Saver’s Match Program
The executive order is timed to coincide with the upcoming Saver’s Match program, a provision from 2022 legislation passed under former President Joe Biden. Starting in January, the program will offer a federal match of up to $1,000 for single filers earning less than $35,000 annually, and up to $2,000 for married couples filing jointly with similar income thresholds. Reduced matches will be available for single filers earning up to $46,000 per year. The match applies to contributions made to 401(k) plans, traditional IRAs, and Roth IRAs.
Trump’s order does not create a new government retirement plan but instead aims to connect workers with existing private-sector options. The goal is to make the Saver’s Match accessible to an estimated 50 million people who currently lack employer-provided retirement plans.
Details of the executive order were first reported by the news outlet Semafor. The White House official confirmed the order’s provisions ahead of its formal announcement.
