President Donald Trump signed an executive order on Thursday directing the Treasury Department to launch TrumpIRA.gov, a federal web platform that will connect workers without employer-sponsored retirement plans to low-cost Individual Retirement Accounts offered through private financial institutions.
The directive, issued at the White House on April 30, 2026, targets a gap that policy researchers have tracked for years: roughly 56 million Americans currently have no access to a workplace-based retirement savings vehicle.
50 Million Workers Now Access to Retirement Accounts With a $1,000 Federal Match
The order does not create a new category of retirement account. Instead, it establishes a centralized comparison portal where workers can evaluate and enroll in existing private-sector IRAs, subject to cost and fee requirements set by the federal government.
The site is scheduled to go live by January 1, 2027, coinciding with the activation of the Federal Saver’s Match, a provision embedded in 2022 legislation passed under the Biden administration.
“Beginning at the start of next year, every American will be able to go to TrumpIRA.gov and open a new low-cost IRA account,” Trump said during the signing event at the Oval Office.
“You’ll then be able to access the same type of retirement accounts that federal employees enjoy through the Thrift Savings Plans, which are incredible. As part of the Federal Savings Match program, low income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts.”
New Retirement Plans: What the Platform Requires From Financial Providers
The executive order sets binding conditions on any institution listed on the platform. Annual expense ratios; covering operating costs, management fees, and administrative expenses — cannot exceed 0.15% of an account balance.
Providers are also prohibited from establishing minimum contribution thresholds or minimum balance requirements. Those two restrictions address a persistent barrier for part-time workers, independent contractors, and employees of small businesses, who historically have been excluded from the most competitive retirement products due to insufficient account size.
How the Saver’s Match Works and Who Qualifies
The Saver’s Match is the financial incentive at the center of the initiative.
- Single filers with a modified adjusted gross income below $20,500 are eligible for the maximum match, valued at $1,000 per year.
- Married couples filing jointly who earn up to $41,000 may receive up to $2,000.
- Partial matches extend up to $35,500 for individuals and $71,000 for joint filers. The match applies to contributions made toward 401(k) plans, IRAs, and Roth IRAs.
The program was enacted as part of the Secure 2.0 Act signed in 2022, but its implementation was deferred to tax year 2027. The Economic Innovation Group, a bipartisan policy organization, estimated that approximately 26 million workers who qualify for a full or partial version of the match currently have no access to a plan through which they could collect it. TrumpIRA.gov is designed to serve as that access point.
How Traditional IRAs Differ From What TrumpIRA.gov Offers
Standard Individual Retirement Accounts have existed as savings instruments for decades. A traditional IRA allows any worker with earned income to contribute regardless of income level, with a 2026 contribution ceiling of $7,500 for those under age 50 and $8,600 for those 50 and older.
Contributions may be tax-deductible depending on income and whether the account holder participates in a workplace retirement plan. Withdrawals in retirement are taxed as ordinary income.
A Roth IRA operates under different terms: no upfront deduction, but tax-free growth and tax-free qualified withdrawals, with eligibility phasing out for single filers above $153,000 in modified adjusted gross income and for joint filers above $242,000 in 2026.
