This Presidential Action establishes a policy framework to expand retirement savings opportunities for American workers who do not have access to employer-sponsored plans, such as independent contractors and small business employees.
Key actions include directing the Secretary of the Treasury to create the website TrumpIRA.gov by January 1, 2027, to list high-quality, low-cost Individual Retirement Accounts (IRAs) that meet strict expense ratio standards (limited to 0.15%).
The order also mandates steps to help eligible individuals access the Federal Saver's Match benefit established under the SECURE 2.0 Act and requires collaboration to ensure worker protections and issue legislative recommendations to codify these provisions.
Arguments For
Intended benefit of increased retirement security for millions of Americans who currently lack access to employer-sponsored plans, including small business employees, part-time workers, and the self-employed.
Leverages the existing framework of the bipartisan SECURE 2.0 Act by raising awareness of and facilitating access to the Federal Saver's Match (up to $1,000).
Promotes market competition and transparency by establishing strict, low-cost criteria (0.15% expense ratio) for listed retirement accounts, mirroring options for federal employees in the Thrift Savings Plan.
Creates a centralized, federally administered platform (TrumpIRA.gov) to simplify the process for eligible workers to find and choose suitable retirement savings vehicles.
Arguments Against
Implementation relies on the Secretary of the Treasury to establish TrumpIRA.gov by January 1, 2027, and may face delays if administrative hurdles or funding limitations arise.
Concerns could arise regarding government involvement in vetting and listing specific private-sector investment products, potentially leading to accusations of favoring certain financial institutions or investment strategies.
The order is subject to appropriations, meaning the effectiveness of the Saver's Match and the maintenance of the website are dependent on future budgetary allocations.
Critics might argue that the administration should instead focus on policies encouraging broader employer adoption of retirement plans rather than creating parallel individual savings mechanisms.
By the authority vested in me as President by the Constitution and the laws of the United States of America, and to ensure that every American worker has access to a simple, portable, low-cost retirement-savings option, it is hereby ordered:
This opening paragraph asserts the President's constitutional and legal authority to issue the order.
The stated purpose is to guarantee that every American worker can utilize a simple, portable, and inexpensive method for saving toward retirement.
Section 1. Policy. Tens of millions of Americans lack access to employer-sponsored retirement plans. Workers in small businesses, part-time workers, independent contractors, and self‑employed workers face unnecessary barriers to saving for retirement. My Administration intends to give these often-left-out American workers access to the same type of retirement-savings opportunities offered to every Federal worker and to establish an easy and transparent way for eligible workers to obtain up to a $1,000 match for their savings.
It is the policy of the United States to promote high-quality, low-cost individual retirement accounts (IRAs) offered by private-sector financial institutions that meet objective standards of cost, transparency, and fiduciary responsibility.
It is further the policy of the United States to increase public awareness of the Federal Saver’s Match enacted in the bipartisan SECURE 2.0 Act (Public Law 117-328, Division T) and to facilitate participation in eligible retirement-savings vehicles that provide diversified, index-based investment options.
Through a federally administered retirement-savings informational platform that highlights qualifying high-quality, low-cost, private-sector IRAs, the United States will promote retirement-savings participation, provide access to retirement-savings options similar to those enjoyed by Federal employees, and encourage workers to reap the rewards of the vibrant American private-sector along with the power of compound earnings.
This section outlines the administration's policy goals, emphasizing the gap in retirement coverage for millions of workers, including those working part-time or self-employed.
The policy intends to provide these excluded workers with retirement savings options comparable to those available to Federal employees.
It further sets the policy of encouraging private financial institutions to offer high-quality, low-cost Individual Retirement Accounts (IRAs) that adhere to strict standards for cost, clarity, and responsibility to the investor (fiduciary duty).
This commitment also involves advancing public knowledge about the Federal Saver’s Match, a component of the SECURE 2.0 Act, and encouraging enrollment in retirement accounts offering diversified, index-based investments.
The government plans to administer an informational platform to promote these specific IRAs, thereby increasing overall retirement savings participation and leveraging private sector benefits alongside compounding interest.
Sec. 2. Establishment of TrumpIRA.gov. (a) The Secretary of the Treasury shall, by January 1, 2027, establish a website (TrumpIRA.gov) that provides individuals, with a particular focus on independent contractors, self-employed individuals, and other workers who do not have access to an employer-sponsored retirement plan, with information about high-quality, low-cost IRAs. Individuals who contribute to qualifying IRAs, and who are otherwise eligible, are entitled to a Federal Saver’s Match contribution of up to $1,000 pursuant to 26 U.S.C. 6433.
(b) TrumpIRA.gov shall list financial institutions that offer IRAs under 26 U.S.C. 408, accept the Federal Saver’s Match contribution under 26 U.S.C. 6433(e)(2)(C), and meet other criteria, as directed by the Secretary of the Treasury, consistent with applicable law. In addition, TrumpIRA.gov shall explain the cost and quality criteria described in subsection (c) of this section, allow individuals to filter and select IRAs based on their cost and quality, and provide information regarding the opportunity to receive the Federal Saver’s Match contribution under 26 U.S.C. 6433, consistent with applicable law.
(c) TrumpIRA.gov shall identify financial institutions that offer IRAs that:
(i) provide a menu of investment options that meet stated criteria including:
(A) investment fund products or model portfolios, including life-cycle or targeted-retirement-date options as described in 29 C.F.R. 2550.404c-5(e)(4)(i), or balanced funds as described in 29 C.F.R. 2550.404c-5(e)(4)(ii); or
(B) funds that are designed to protect principal on an ongoing basis, as described in 29 C.F.R. 2550.404c-5(e)(4)(iv);
(ii) maintain low administrative costs, with overall net-expense ratios, inclusive of operating costs, management fees, and administrative expenses, limited to .15 percent; and
(iii) do not impose minimum-contribution or balance requirements.
(d) In accordance with section 104(a) of the SECURE 2.0 Act, TrumpIRA.gov shall be designed to increase public awareness of the opportunity for eligible individuals to make contributions to retirement-savings vehicles and receive the Federal Saver’s Match contribution; facilitate low-cost, safe, and informed retirement-savings decisions; and increase retirement saving.
Section 2 mandates the creation of a website, TrumpIRA.gov, by the Secretary of the Treasury before January 1, 2027.
This site must inform workers without employer plans, such as the self-employed, about low-cost IRAs and explain their eligibility for the Federal Saver’s Match, which offers a contribution of up to $1,000.
The website must list financial institutions offering IRAs that comply with IRS code sections specified for both IRAs and the Saver's Match.
It also needs to clearly present the cost and quality standards referenced in subsection (c) and allow users to filter options based on these criteria.
Qualifying IRAs must offer specific investment menus, including options like life-cycle funds or principal-protection funds, as defined by federal regulation.
Crucially, these IRAs must maintain very low expense ratios, capped at 0.15%, and avoid imposing minimum contribution or balance requirements.
Finally, the design of TrumpIRA.gov must fulfill the objectives of the SECURE 2.0 Act by boosting awareness of the Saver’s Match, simplifying informed saving choices, and generally increasing retirement savings among eligible individuals.
Sec. 3. Federal Saver’s Match Implementation. (a) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to ensure that qualifying individuals who contribute to IRAs, including those who open IRAs listed on TrumpIRA.gov and otherwise satisfy all applicable requirements, receive the Federal Saver’s Match contribution.
(b) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to encourage financial institutions to accept the Federal Saver’s Match contributions in accordance with rules established by the Secretary.
Subsection (a) directs the Secretary of the Treasury to undertake all necessary actions, in compliance with existing law, to guarantee that eligible individuals who contribute to IRAs—including those opened through the TrumpIRA.gov listings and meeting all other conditions—actually receive the Federal Saver’s Match contribution.
Subsection (b) further instructs the Secretary of the Treasury to take appropriate legal steps to encourage financial institutions to participate by accepting the Federal Saver’s Match contributions according to the rules the Treasury establishes.
Sec. 4. Charitable Contributions. The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall, as appropriate and consistent with applicable law, provide guidance with respect to the tax treatment of contributions made by tax-exempt organizations to IRAs maintained by workers who are members of a charitable class entitled to receive the contribution without jeopardizing the organizations' tax-exempt status.
This section requires the Secretary of the Treasury and the IRS Commissioner to issue guidance concerning the tax implications of charitable organizations contributing funds to the IRAs of workers who belong to that organization’s defined charitable class.
This guidance must ensure such contributions do not cause the contributing tax-exempt organization to lose its tax-exempt status under current law.
Sec. 5. Worker Protection. The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance, as appropriate and consistent with applicable law, to ensure that IRAs maintained by financial institutions, including those listed on TrumpIRA.gov, protect workers, maintain transparency, and prevent prohibited transactions within the meaning of 26 U.S.C. 4975.
This section mandates that the Secretary of the Treasury and the Secretary of Labor collaborate to issue necessary regulations, exemptions, or guidance.
These directives must ensure that all IRAs, especially those featured on TrumpIRA.gov, adequately protect the workers investing in them.
Protection specifically includes maintaining transparency and preventing prohibited transactions, as defined in Section 4975 of the Internal Revenue Code.
Sec. 6. Legislative Recommendations. The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the policy set forth in this order so that workers lacking access to employer-provided retirement plans, including workers in small businesses, part‑time workers, independent contractors, and self-employed workers, have access to a retirement option with low fees, eligibility for the Federal Saver’s Match or other matching contributions, diversified index‑based investment options, automatic portfolio choices, and portability.
The Secretary of the Treasury must develop recommendations for new legislation, working alongside the Assistant to the President for Economic Policy.
The primary goal of this legislation is to permanently enact (codify) the policies of this order.
This codification should secure retirement options for those outside traditional employment that feature low fees, eligibility for matching contributions like the Saver's Match, diversified index investing, automatic investment adjustments, and transferability (portability).
Sec. 7. Severability. If any provision of this order, or the application of any provision to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its other provisions to any other individuals or circumstances shall not be affected thereby.
This standard severability clause states that if a court strikes down any specific part of the order or its application to a specific person or situation as invalid, the remainder of the order will remain in full force and effect for all other provisions and circumstances.
Sec. 8. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department or agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
(d) The costs for publication of this order shall be borne by the Department of the Treasury.
DONALD J. TRUMP
THE WHITE HOUSE,
April 30, 2026.
Subsection (a) acts as a standard reservation, clarifying that the order does not reduce or change the legal authority already given to executive departments, agencies, or their leadership, nor does it impact the OMB Director's role regarding budgets or proposed legislation.
Subsection (b) specifies that the order's implementation must comply with all existing laws and depends on whether necessary funds are appropriated by Congress.
Subsection (c) is a non-enforceability clause, meaning the order does not create any new legal rights or benefits that any private party can enforce against the U.S. government or any individual acting on its behalf.
Subsection (d) assigns the Department of the Treasury the responsibility for covering the costs associated with publishing this order.
The document is signed by Donald J. Trump and dated April 30, 2026.
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