Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov

What it does

• •Directs the Secretary of the Treasury to establish TrumpIRA.gov, a federal website by January 1, 2027, providing information about high-quality, low-cost IRAs offered by private financial institutions, with particular focus on workers without employer-sponsored retirement plans.
• •Requires the website to list financial institutions offering IRAs that meet specified criteria: diversified investment options (index funds, target-date funds, or principal-protection funds), net expense ratios capped at 0.15 percent, and no minimum contribution or balance requirements.
• •Directs Treasury and Labor to issue regulations ensuring IRAs listed on the site protect workers, maintain transparency, and prevent prohibited transactions.
• •Instructs Treasury to take steps ensuring eligible individuals receive Federal Saver's Match contributions up to $1,000 under the SECURE 2.0 Act when contributing to qualifying IRAs.

Why it matters

• •The order addresses a stated gap: tens of millions of Americans—including part-time workers, independent contractors, and small business employees—lack access to employer-sponsored retirement plans.
• •The initiative leverages existing Federal Saver's Match authority from the bipartisan SECURE 2.0 Act to encourage retirement savings through a centralized, user-friendly platform highlighting low-cost, transparent investment options similar to the Thrift Savings Plan available to federal employees.

Who is affected

• •Independent contractors, self-employed individuals, part-time workers, and employees of small businesses without access to employer-sponsored retirement plans.
• •Private financial institutions offering IRAs that meet the specified cost and investment criteria.
• •Tax-exempt charitable organizations (addressed separately regarding contributions to worker IRAs).

What happens next

The Secretary of the Treasury must establish the TrumpIRA.gov website by January 1, 2027, and Treasury shall prepare legislative recommendations to codify the order's policies into law, subject to availability of appropriations.