President Donald Trump is expected to sign an executive order that aims to broaden access to retirement plans for workers whose employers don’t provide one, according to White House officials who spoke with Semafor.
Under the plan, the Trump administration will integrate its initiative with the Saver’s Match – a legislation passed in 2022 that directs the federal government to begin matching retirement plan contributions of up to $1,000 for workers who make less than $35,000 annually, starting in 2027.
The executive order will seek to provide plans for roughly 54 million full-time/part-time workers who do not have access to an employer-provided retirement plan and for about 27 million who qualify for the Saver’s Match, but have no access to a plan where they can collect the matched contribution.
According to one White House official, the proclamation directs the U.S. Department of the Treasury to create a new website, TrumpIRA.gov, before the Saver’s Match bill takes effect in January 2027.
The website will grant those qualified the opportunity to filter private-sector retirement plans by factors such as cost, minimum contribution, and minimum balance. The filtering process allows employees to enroll in plans that would allow them to receive the match if eligible.
Semafor reported that the structure of the website was chosen to give those qualified access to a larger profitable collection of investments similar to the federal government’s Thrift Savings Plan.
The Trump administration’s plan strays away from previous government-run Individual Retirement Accounts (IRA), like former President Barack Obama’s now-defunct myRA, by expanding investment opportunities across the private-sector rather than being constrained to Treasury bonds.
“[The] Treasury will vet the plans on the website — but not partner with specific financial institutions as it did with recently enacted Trump Accounts," the official told Semafor.
The initiative is one of the promises delivered during President Trump’s 2026 State of the Union address, in which he pledged to boost retirement security for millions of Americans.
