On April 30, 2026, President Donald Trump signed an executive order aimed at expanding access to retirement plans for millions of workers who currently lack employer-sponsored options. This initiative could reshape the landscape of retirement savings in the U.S., particularly for those without adequate coverage.
The executive order directs the Treasury Department to establish an online marketplace for retirement plans called TrumpIRA.gov. This platform will allow individuals to easily compare and enroll in various retirement accounts, including traditional IRAs and Roth IRAs.
Key facts about the Saver’s Match program:
- The program will provide a maximum match of $1,000 for single filers earning less than $20,500 and $2,000 for married couples filing jointly with incomes under $71,000.
- Approximately 50 million people currently lack employer-sponsored retirement plans.
- The Saver’s Match is set to launch next year for low- and moderate-income workers earning less than $35,500.
- IRA providers listed on TrumpIRA.gov must keep administrative costs low—no more than 0.15% of account balances.
“For millions of Americans who lack employer-sponsored plans, this will be really revolutionary because they’ll be covered,” said Trump during the signing ceremony. His administration aims to address the significant retirement coverage gap that affects many working families.
Kevin Hassett, an advisor in the Trump administration, noted that they’re actively collaborating with Congress to broaden eligibility for the Saver’s Match beyond those earning less than $35,500. “We’re looking forward to legislation this year,” he added.
This initiative comes on the heels of a study highlighting that last year, 87% of people without workplace retirement plans indicated they would be more likely to save if they could receive a match. Kim Olson emphasized this point: “The Saver’s Match can significantly impact how much people save for their future.”
The introduction of TrumpIRA.gov marks a significant step toward making retirement savings more accessible. With around 32.3 million workers expected to enter the retirement savings system under a federal auto-enrollment plan, this could lead to a substantial increase in overall savings rates among Americans.
