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Trump Orders $1K Saver’s Match for 27 Million Workers

5/1/2026

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Summary

Trump Expands Retirement Access

U.S. President Donald Trump will sign an order Thursday to expand retirement-plan access for workers without employer plans.
The order directs the Treasury to launch and vet plans on TrumpIRA.gov, a marketplace where workers earning less than $35,500 can claim Saver’s Match of up to $1,000 per year.
56 million employees lack employer-sponsored plans, with 27 million qualifying for the Saver’s Match but having none.

Summary

Trump Extends Saver’s Match

U.S. President Donald Trump’s administration is extending the Biden-era Saver’s Match as a bipartisan retirement-savings effort.
The Saver’s Match will replace the Saver’s Credit with direct contributions to retirement accounts rather than a tax credit.
The Economic Innovation Group reports that two-fifths of full-time workers and four-fifths of part-time workers lack employer-provided retirement plans.
Several states have enacted automated-savings rules that enroll workers in 401(k) plans, complementing the federal effort.

History

Historical Context

In 1997 President Bill Clinton signed the Taxpayer Relief Act, which lowered long-term capital-gains rates to 10% and introduced the Roth IRA, marking a 1990s effort to expand retirement security. Today the Trump administration’s Treasury is reviving that low-income retirement credit for eligible low-income workers as a direct $1,000 “Saver’s Match.”

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Trump Expands Retirement Access

U.S. President Donald Trump will sign an order Thursday to expand retirement-plan access for workers without employer plans.
The order directs the Treasury to launch and vet plans on TrumpIRA.gov, a marketplace where workers earning less than $35,500 can claim Saver’s Match of up to $1,000 per year.
56 million employees lack employer-sponsored plans, with 27 million qualifying for the Saver’s Match but having none.

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