Expanded access to low-cost IRAs and federal matching contributions
May 13, 2026
At a glance
- A recent executive order expands eligible workers’ access to low-cost IRAs and federal matching contributions up to $1,000.
- The federal government will create a new website (TrumpIRA.gov) to serve as a marketplace. It will also issue guidance clarifying the tax treatment of contributions made by philanthropic and charitable tax-exempt organizations into IRAs on behalf of eligible workers.
Summary
On April 30, 2026, President Trump signed Executive Order 14403 to expand access to low-cost Individual Retirement Accounts (IRAs) and to provide up to $1,000 in federal matching contributions for qualified workers. The order directs the government to ensure that workers who contribute to qualifying IRAs and meet the other requirements receive the Federal Saver’s Match.
The Federal Saver’s Match is a program in which the federal government contributes up to $1,000 per year to qualified workers' retirement accounts. Effective January 1, 2027, the program provides eligible workers with a 50% match on contributions up to $2,000 into a qualified retirement account. According to the order, approximately 41 million American workers aged 18 to 65 lack access to employer-provided retirement plans, and 49 million full-time workers along with 14 million part-time workers don’t receive an employer match on their retirement savings contributions.
The order directs the Treasury Secretary to launch a new website (TrumpIRA.gov) by January 1, 2027, to allow workers to compare IRA options based on costs, quality, and investment options. The order also directs the Treasury Secretary and the Commissioner of the Internal Revenue Service to issue guidance clarifying the tax treatment of contributions made by philanthropic and charitable tax-exempt organizations to IRAs on behalf of eligible workers.
Next Steps
Executive Order 14403 doesn’t alter or change existing retirement plan compliance obligations. Paylocity will continue to monitor new compliance developments.
Thank you for choosing Paylocity as your valued service partner. This information is provided as a courtesy, may change, and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney, or Advisor.
About the Author
Keep Up With Compliance
Between constantly changing employment laws and updates to the Affordable Care Act (ACA), keeping your workplace compliant can be a time-consuming and costly challenge. Eliminate the stress and stay up to date with our Compliance Dashboard. View compliance alerts and get a bird’s eye view of what you need to do to avoid fines and penalties.
