Federal Register #2026-08908

Executive Order Establishes TrumpIRA.gov to Promote Retirement Savings Access for American Workers

This executive order establishes TrumpIRA.gov, a federal initiative to expand retirement savings access for American workers without employer-sponsored plans. - Government Buyer: - Executive Office of the President - Secretary of the Treasury directed to implement - OEMs and Vendors: - No specific OEMs or vendors named - Private-sector financial institutions highlighted as potential providers of qualifying IRAs - Products/Services Requested: - Creation of TrumpIRA.gov, a federally administered informational platform - Listing of private-sector financial institutions offering high-quality, low-cost IRAs - IRAs must meet criteria: - Low administrative costs - Diversified investment options - No minimum contribution requirements - Facilitation of participation in retirement-savings vehicles eligible for a Federal Savers Match (up to $1,000) - Unique/Notable Requirements: - Emphasis on transparency, fiduciary responsibility, and worker protection - Platform to include charitable contribution options - Legislative recommendations to codify policies - Focus on underserved groups: small business employees, part-time workers, independent contractors, self-employed individuals

Description

This presidential document establishes the TrumpIRA.gov initiative aimed at promoting retirement savings access for American workers. It focuses on providing a simple, portable, low-cost retirement-savings option for workers who lack access to employer-sponsored retirement plans, including small business workers, part-time workers, independent contractors, and self-employed individuals. The initiative includes the creation of a website to provide information about high-quality, low-cost IRAs and facilitate participation in retirement-savings vehicles that offer a Federal Savers Match contribution of up to $1,000. The policy promotes transparency, low administrative costs, and diversified investment options to enhance retirement security.

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