Trump Signs Executive Order Expanding Workers Access to Retirement Plans

President Donald Trump signed an executive order on Thursday directing the Treasury Department to create TrumpIRA.gov, a federal website that will let workers without employer retirement plans compare private-sector IRAs and find plans that meet new cost and quality standards.

The White House said the site must be built by Jan. 1, 2027, and framed the order as part of an effort to give “every American worker” access to “a simple, portable, low-cost retirement-savings option.”

The order focuses on independent contractors, self-employed workers, part-time employees and small-business workers who do not have access to workplace retirement plans.

It says TrumpIRA.gov will list private financial institutions, explain fee and quality criteria, and let users filter IRAs based on cost, investment options and other standards.

It also directs Treasury to make sure eligible savers can receive the federal Saver’s Match, which can provide up to $1,000 a year to lower- and middle-income workers who contribute to qualifying accounts.

In the White House fact sheet, Trump said the order was meant to increase access to “high-quality, low-cost Individual Retirement Accounts,” and the administration said roughly 41 million American workers between ages 18 and 65 lack access to an employer-provided retirement plan.

The White House said 49 million full-time workers and 14 million part-time workers do not receive an employer match.

Trump told reporters at the signing that “For millions of Americans who lack employer-sponsored plans, this will be really revolutionary, because they’ll be covered,” while the White House described the effort as a way to increase awareness of the Saver’s Match created under the SECURE 2.0 Act.

AP reported that the order is not creating a new government retirement plan, but instead steering workers toward existing private-sector options.

The move follows Trump’s August 2025 order on alternative assets in 401(k) plans, which the White House has described as part of a broader push to widen retirement investing choices.

Treasury must now turn the new directive into an operating website and matching framework before the January 2027 deadline, a process that will determine how many workers outside traditional salaried jobs can actually use the program.