President Trump Signs Executive Order to Expand Retirement Plan Access for Workers
President Donald Trump has signed an executive order aimed at expanding access to retirement savings plans for workers who do not have employer-sponsored plans. The initiative, announced on April 30, 2026, introduces a new government website, TrumpIRA.gov, which will allow individuals to open low-cost IRA accounts. This move is designed to address the retirement coverage gap affecting over 50 million low- and moderate-income workers in the private sector. The executive order also includes provisions for a federal Saver’s Match, offering up to $1,000 in federal contributions for eligible low-income workers saving up to $2,000 annually in qualified retirement plans.