Trump expected to sign executive order expanding retirement account access for workers

Trump initially floated the idea of creating the accounts, which would come with a federal matching contribution of up to $1,000, during his State of the Union address in February.

Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.

Trump’s plan, first reported by Semafor, will be integrated with the Saver’s Match, a provision from 2022 legislation known as Secure 2.0, which goes into effect starting in tax year 2027.

Under those rules, single taxpayers with an adjusted gross income of $20,000 (or joint filers making up to $40,000), qualify for a government match worth 50% of up to a $2,000 contribution to a qualified retirement account, for a maximum match of $1,000 a year. Single filers with annual incomes between $20,000 and $35,000 qualify for reduced contributions.

In 2025, the Morningstar model of retirement outcomes projected that Americans eligible for the match would receive a 12% boost to their wealth in retirement.

This is a developing story. Please check back for updates.