US President Donald Trump is poised to sign an executive order Thursday to expand access to retirement plans for workers who currently lack employer-provided options.
The initiative, first reported by Semafor, will see the US Treasury Department launch a new online platform, TrumpIRA.gov, by January.
This timing aligns with the introduction of a “saver’s match” for low-income workers, a measure stemming from legislation enacted under former President Joe Biden’s administration.
Trump has previously championed these government contributions, notably in his February State of the Union address, and frequently highlights Wall Street’s continued gains, despite lingering economic concerns over the conflict in Iran and his tariff policies.
The Secure 2.0 legislation passed in 2022 upgraded an existing “saver’s credit” for workers making less than $35,000 to a refundable “saver’s match” of 50% up to $1,000 deposited directly into the saver’s account.
Unlike the Trump Accounts previously established for certain children, the Treasury Department will not partner with specific financial institutions for this new platform.
However, it will vet the retirement plans offered, according to Semafor, which cited two White House officials.
The move comes as a 2025 report from the Pew Charitable Trusts revealed that almost half of private sector workers in the US – approximately 56 million individuals – receive no retirement benefits through their employment.
