The Executive Order and TrumpIRA.gov
President Trump signed the executive order on April 30, 2026, directing the Treasury Department to launch TrumpIRA.gov, an online marketplace where workers without employer-provided retirement plans can select and open low-cost IRA accounts. The website will allow workers to filter retirement plans by factors including cost, minimum contribution requirements, and minimum balance. Treasury must have the website operational by January 2027 when the Saver's Match program goes live. Unlike the previous myRA program, TrumpIRA.gov will offer access to a broader mix of private-sector investments similar to what federal employees access through the Thrift Savings Plan.
Who Benefits
The executive order targets approximately 54 million workers who lack access to employer-provided retirement plans, with particular focus on low- and moderate-income earners. Workers earning less than $35,500 as individuals or $71,000 as couples can claim the Saver's Match, which provides up to $1,000 in annual matching funds (or $2,000 for couples) on contributions up to $2,000 annually. About 27 million workers currently qualify for the Saver's Match but are not enrolled in a plan where they can claim it. The administration is exploring legislative recommendations to expand eligibility to workers earning above the current income limits.
The Saver's Match Program
The Saver's Match, enacted by Congress in 2022, becomes the centerpiece of this expansion starting January 2027. Unlike the current Saver's Credit, which only reduces taxes owed, the Saver's Match deposits actual dollars directly into workers' retirement accounts. The program provides up to $1,000 per person annually (or $2,000 for couples) as a 50% match on employee contributions. The administration plans to run awareness campaigns and issue guidance to encourage private-sector donors to contribute to workers' IRAs through the program.
Administration Actions and Future Expansion
The executive order directs Treasury and the National Economic Council to draft legislative recommendations for further expansion, including automatic enrollment of workers in private-sector IRAs and extending the Saver's Match to workers with higher incomes. The administration will also work with Congress to expand the program. White House officials have indicated strong interest in private-sector involvement, with several companies already expressing commitment to seed Trump Accounts. Kevin Hassett, NEC Director, stated that these retirement initiatives and Trump Accounts will be among the most transformative policies of the administration.
Context and Political Goals
Trump announced the retirement expansion plan during his February 2026 State of the Union address. The order rolls out as the Trump administration seeks to address concerns about rising costs and consumer sentiment ahead of midterm elections. The initiative represents a bipartisan approach, building on the Biden administration's Saver's Match legislation and similar to the Obama-era myRA program, which Trump had shut down in 2017 citing low demand and high costs. 
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