Trump to sign order aimed at retirement plan access ahead of $1,000 federal match

(NEXSTAR) – White House press secretary Karoline Leavitt announced on social media that President Trump will sign an order Thursday that will expand workers’ access to retirement savings by creating a government website where they can compare private-sector accounts.

The program is designed to help Americans who don’t have retirement accounts through their employer, and will create an “online marketplace for retirement plans” at TrumpIRA.gov, Semafor first reported.

The rollout takes place ahead of a new federal retirement contribution, known as the Saver’s Match, which comes from 2022 legislation passed under Democratic President Joe Biden. Starting in January 2027, the federal government will offer a match of up to $1,000 for workers who make less than $35,000 a year, and $2,000 for couples making less than $71,000.

FedEx, UPS say they will give tariff refunds to customers: What to know

The Saver’s Match program will offer smaller matches for single filers making less than $46,000 a year. It applies to contributions made toward 401(k) plans, IRAs and Roth IRAs.

Trump is not offering a new government retirement plan but helping match workers with existing plans from private companies.

The new marketplace comes at a time when research shows that nearly half of the workforce in the private sector, some 57 million people, don’t receive retirement benefits from their employers, according to a Pew Charitable Trusts report.

“To remedy this gross disparity, I’m announcing that next year my administration will give these often-forgotten American workers — great people, the people that built our country — access to the same type of retirement plan offered to every federal worker,” Trump said during his State of the Union address in February.

The Associated Press contributed to this report.

Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to The Hill.