Trump expected to sign executive order expanding retirement account access for workers
President Donald Trump is expected to sign an executive order to establish a new retirement savings account for workers without access to employer-sponsored plans like 401(k)s. The initiative will leverage the Saver's Match program from the Secure 2.0 Act, offering eligible individuals a federal match of up to $1,000 annually for retirement contributions. Approximately 56 million Americans currently lack access to workplace retirement plans, according to Pew Charitable Trusts research.
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President Donald Trump is expected to sign an executive order as soon as Thursday to create a new type of retirement account for workers who don't currently have access to a 401(k) or another workplace plan. Trump initially floated the idea of creating the accounts, which would come with a federal matching contribution of up to $1,000, during his State of the Union address in February. Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.Trump's plan, first reported by Semafor, will be integrated with the Saver's Match, a provision from 2022 legislation known as Secure 2.0, which goes into effect starting in tax year 2027.
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