Treasury Announces Employer Contributions to Trump Accounts, Drawing Corporate Support

WASHINGTON, D.C. —  The U.S. Department of the Treasury today announced guidance addressing employer-sponsored programs for contributions to Trump Accounts, including arrangements that allow employees to make pre-tax contributions to the Trump Accounts of their dependents. The guidance also accommodates employers that have committed to, and those that are interested in, contributing directly to an employee’s dependent’s Trump Account by providing flexible and non-restrictive rules.

“Trump Accounts are giving American families a new way to build wealth from day one,” said Treasury Secretary Scott Bessent. “Today, Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving employees the option to contribute pre-tax dollars directly to those accounts.”

The Working Families Tax Cuts allows employees to make pre-tax contributions through an employer cafeteria plan to their dependents’ Trump Accounts. It also allows certain employer contributions to Trump Accounts to be excluded from an employee’s gross income. Employers may contribute to the Trump Account of an employee’s dependents.

To establish a Trump Account employer contribution program, the employer must:

Thus far, over 50 companies have already committed to Trump Account contributions for their employees. This means even children who are not eligible for the initial $1,000 contribution from Treasury can still receive tax-free money into their Trump Accounts. Together, these options give small and large businesses a new, low-cost, tax-preferred benefit they can use to help employees build wealth for their families, attract and retain workers, and strengthen Main Street over the long term.

“This guidance will provide a framework for businesses establishing a Trump Account employer contribution program, a new benefit for American working families,” said IRS Chief Executive Officer Frank J. Bisignano. “We have worked with more than 50 of the largest employers in the country to prepare them for Trump Accounts and are proud to share their outlook on this new option.” 

“As the leading provider of payroll and HR solutions that pays 1 in 6 American workers, we have seen first-hand the critical impact financial wellness solutions can have on long-term wealth creation for workers and their families. As with all programs of this nature, we welcome the release of this important guidance and are at the ready to provide the necessary solutions and services to facilitate contributions under employer plans and support reporting requirements for the accounts on behalf of our clients and their employees.”

- Maria Black, President and CEO, ADP

“Chime is proud to be among the first companies to offer an employee match for Trump Accounts, partnering with Treasury to help our employees' families begin building long-term wealth for their children. Adding the Trump Accounts match to our benefits package reflects our belief that financial progress should start early, and we look forward to helping more American families build wealth and have a better chance to achieve the American dream.”

- Chris Britt, CEO and Co-founder, Chime

“We are pleased to see Treasury’s guidance on Trump Account employer contributions move forward. Edward Jones is encouraged by the progress made to bring this important program to life, while supporting our associates’ ability to achieve financial security for themselves and their families. We look forward to continuing our work with the Administration and its various agencies to fully operationalize this valuable program.”

- Ken Cella, Principal and Head of External Affairs, Edward Jones

“At Franklin Templeton, we believe long-term financial security begins with access, education, and the opportunity to start saving early. Trump Accounts help families start on the path to financial security by providing eligible children with a $1,000 contribution from the U.S. Department of Treasury to begin investing early in their lives. The power of compounding begins with one simple step: getting into the market. By matching the government’s contribution to Trump Accounts for eligible children of our U.S. employees, we are helping families take an important first step toward building a financial foundation for the next generation. We are grateful for the guidance that Treasury is releasing today about employer contributions to Trump Accounts to help us effectuate this important employee benefit. We look forward to continuing our partnership with Treasury on this historic, wealth-building program.”

- Jenny Johnson, President and CEO, Franklin Templeton

“The world's most successful savings systems all ran the same playbook: they bought America. Japan's $2 trillion pension fund holds roughly half a trillion dollars of US assets. Australia's super funds hold about $400 billion here, heading to $1.4 trillion by 2035. Dutch pensions own three times more of US companies than of EU companies. Foreign investors now hold nearly $20 trillion of US stocks because nothing compounds wealth like the American economy. For thirty years the rest of the world compounded off the American economy. This is the decade American kids start compounding off their own. That is why Kraken committed to sponsoring a Trump Account for every child born in Wyoming in 2026, and why this guidance matters: it gives employers of every size a clear, simple way to put capital to work for their employees' children.”

- Arjun Sethi, Co-CEO of Kraken

“The U.S. Treasury’s support for employer contributions to Trump Accounts will help employers invest in their employees’ families and help workers share in America’s growth. As previously announced, State Street will match the contributions from the U.S. Treasury to the Trump Accounts of eligible children of active employees. By matching Treasury’s contribution, we are proud to help give the next generation a head start on saving, a stake in the American economy, and the opportunity to benefit from the long-term power of investing.”

- Ron O’Hanley, Chairman and CEO, State Street

“We welcome the U.S. Treasury Department’s guidance on employer contributions to Trump Accounts. Beginning in 2027, Vanguard will expand its well-being and lifestyle program to offer our crew members the choice to direct a $1,500 employer contribution to an eligible Trump Account. This contribution reflects Vanguard's commitment to providing personalized benefits that support crew members at every stage of life. We look forward to continuing to partner with the Treasury Department to raise awareness of and support contributions to Trump Accounts.”

- Jon Couture, Chief Human Resources Officer, Vanguard

“530A Trump Accounts will help children build long-term financial security by ensuring they have a vested stake in their future from the very beginning. We are pleased to make Trump Accounts available to U.S. employees at Visa along with a company match of the government’s one-time $1,000 contribution. Today’s announcement by the Treasury Department provides important guidance that will support the rollout of these accounts across the country, and we congratulate them for taking this next step.”

- Kelly Tullier, Vice Chair, Chief People and Corporate Affairs Officer, Visa