Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov
The order directs the Secretary of the Treasury to launch TrumpIRA.gov by January 1, 2027 — a federal website that lists qualifying low-cost private-sector IRAs and explains how eligible workers can claim a Federal Saver's Match of up to $1,000, a benefit already enacted in the SECURE 2.0 Act.
It targets independent contractors, part-time workers, and the self-employed who lack access to employer-sponsored retirement plans, aiming to connect them with private-sector accounts that mirror the low-cost options available to federal employees through the Thrift Savings Plan.
What this order does
What it orders
The order directs the Secretary of the Treasury to establish TrumpIRA.gov, a federal informational website that lists private-sector IRA providers meeting specific cost and quality standards — including an overall expense ratio cap of 0.15 percent, no minimum contribution or balance requirements, and a menu of diversified investment options such as target-date funds and principal-protection funds. The site must also explain the Federal Saver's Match (up to $1,000, already created by the SECURE 2.0 Act) and allow users to filter IRA options by cost and quality. The order further directs Treasury and the IRS to issue guidance on charitable contributions to IRAs, directs Treasury and Labor to issue worker-protection regulations covering prohibited transactions, and requires Treasury to prepare legislative recommendations to codify the order's policy.
The order does not itself create a new retirement benefit or matching contribution; the Federal Saver's Match already exists under 26 U.S.C. 6433. No agency is directed to approve or regulate the listed IRA providers beyond the stated criteria, and implementation is expressly subject to applicable law and the availability of appropriations.
Who it affects
Independent contractors, self-employed workers, part-time workers, and employees of small businesses who lack access to employer-sponsored retirement plans. Private-sector financial institutions offering IRAs that seek to be listed on the site are also affected, as they must meet cost and transparency criteria set by Treasury.
Why it matters
Workers without employer-sponsored retirement plans will have a single federal portal to compare low-cost IRA options and learn how to claim up to $1,000 in matching contributions already available under federal law. Financial institutions that do not meet the cost and transparency criteria will be excluded from the government-endorsed listing.
What must happen and when
How the order is supposed to work
Treasury must build TrumpIRA.gov to federal standards and maintain a vetted list of qualifying IRA providers. Separately, Treasury and Labor must write worker-protection rules and Treasury must draft legislative recommendations, all without fixed deadlines. The Federal Saver's Match flows through existing IRS machinery under 26 U.S.C. 6433 — the site routes eligible workers to it but does not itself administer or fund it. A severability clause insulates other provisions if any part is invalidated.
Actions and deadlines
- Establish TrumpIRA.gov listing qualifying low-cost private-sector IRAs and Federal Saver's Match information
- Take necessary steps to ensure qualifying individuals receive the Federal Saver's Match contribution
- Encourage financial institutions to accept Federal Saver's Match contributions under Treasury rules
- Issue guidance on tax treatment of charitable contributions made to workers' IRAs by tax-exempt organizations
- Issue regulations, exemptions, or guidance to protect workers and prevent prohibited transactions in listed IRAs
- Prepare legislative recommendations to codify retirement-savings access policy for workers without employer plans