Trump expected to sign executive order expanding retirement account access for workers

President Donald Trump is expected to sign an executive order as soon as Thursday to create a new type of retirement account for workers who don’t currently have access to a 401(k) or another workplace plan.

Trump initially floated the idea of creating the accounts, which would come with a federal matching contribution of up to $1,000, during his State of the Union address in February.

Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work,according to 2025 researchfrom the Pew Charitable Trusts, an independent public policy nonprofit.

Trump’s plan, first reported by Semafor, will be integrated with the Saver’s Match, a provision from 2022 legislation known as Secure 2.0, which goes into effect starting in tax year 2027.

Under those rules, single taxpayers with an adjusted gross income of $20,000 (or joint filers making up to $40,000), qualify for a government match worth 50% of up to a $2,000 contribution to a qualified retirement account, for a maximum match of $1,000 a year. Single filers with annual incomes between $20,000 and $35,000 qualify for reduced contributions.

In 2025, theMorningstar model of retirement outcomesprojected that Americans eligible for the match would receive a 12% boost to their wealth in retirement.

This is a developing story. Please check back for updates.