Trump signs EO creating TrumpIRA.gov, expanding access to retirement savings for over 50M uncovered U.S. workers
OAN Staff Katherine Mosack and Brooke Mallory
2:51 PM – Thursday, April 30, 2026
Seeking to bridge the retirement gap for over 50 million Americans, President Donald Trump signed an executive order (EO) on Thursday, establishing TrumpIRA.gov as a centralized federal marketplace.
The EO, “Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov,” will create a new platform specifically designed for independent contractors, part-time employees, and those without access to employer-sponsored 401(k) plans, allowing them to compare and enroll in high-quality, low-cost private-sector retirement accounts.
Beyond acting as a transparent comparison tool, the portal will facilitate the implementation of the Federal Saver’s Match, a program set to begin in 2027 that provides a direct government contribution of up to $1,000 for eligible low-to-moderate-income workers.
The order sets a target date of January 1, 2027, to coincide with the start of the Saver’s Match.
By modeling this marketplace after the Thrift Savings Plan used by federal employees, the administration aims to modernize the nation’s retirement infrastructure and ensure that private-sector workers have a streamlined, accessible path to long-term financial security.
“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,” Trump wrote in the order.
“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,” he added.
The president further contended that it should be United States policy to “promote high-quality, low-cost individual retirement accounts (IRAs)” that “meet objective standards of cost, transparency, and fiduciary responsibility.” According to the EO, it will also include a policy to “increase public awareness of the Federal Saver’s Match enacted in the bipartisan SECURE 2.0 Act,” facilitating participation in these retirement programs.
The “Saver’s Match” matching contribution comes from legislation passed in 2022. Starting in January, this will offer up to $1,000 for single employees who make less than $35,000 a year.
“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,” the order stated.
The EO directs the secretary of the U.S. Treasury, Scott Bessent, to establish the website and have it operational by January 1, 2027. It will allow users to filter IRAs based on cost, quality and investment options, according to a White House fact sheet pertaining to the order.
About two-fifths of full-time workers and four-fifths of part-time workers — roughly 50 million Americans — do not have access to retirement savings plans through their employers, the Economic Innovation Group reported this week.
The formal signing of this EO fulfills a major policy objective that President Trump first introduced during his State of the Union address on February 24th.
During that speech, the president highlighted a “gross disparity” in the American financial system, noting that approximately half of the workforce, roughly 56 million people, lacked access to employer-sponsored retirement plans with matching contributions.
By following through on his pledge to provide these “often-forgotten” workers with a portable, high-quality savings vehicle, the administration is positioning TrumpIRA.gov as a cornerstone of its second-term economic agenda.
“We have millions and millions of people – because the stock market has done so well, setting all those records – your 401(k)s are way up,” he said at the time. “Yet, half of all of working Americans still do not have access to a retirement plan with matching contributions from an employer.”
“To remedy this gross disparity, I’m announcing that next year, my administration will give these often-forgotten American workers – great people; the people that built our country – access to the same type of retirement plan offered to every federal worker.”
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