Executive Order

Executive Order 14403 of April 30, 2026 - Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov

ActiveExecutive Orders

Published

April 30, 2026

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Ingested

June 29, 2026

Summary

Executive Order 14403, issued by the President on April 30, 2026, directs the establishment of TrumpIRA.gov to promote retirement-savings access for American workers, especially those without employer-sponsored plans. By January 1, 2027, the Secretary of the Treasury must launch this website, which will provide information on high-quality, low-cost private-sector IRAs and facilitate access to the Federal Saver's Match of up to $1,000. TrumpIRA.gov will list IRAs meeting specific criteria, including low administrative costs (max 0.15% net-expense ratio), diversified investment options, and no minimum contribution or balance requirements.

Key provisions

This summary outlines the key directives and policy goals of Executive Order 14403, focusing on aspects relevant to policy analysts and compliance teams.

Executive Order 14403: Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov

This Executive Order, issued on April 30, 2026, aims to expand access to retirement savings for American workers, particularly those without employer-sponsored plans, by establishing a federal informational platform and promoting high-quality, low-cost Individual Retirement Accounts (IRAs).

Policy (Section 1)

Addressing Access Gaps: The Administration identifies that tens of millions of Americans, including small business employees, part-time workers, independent contractors, and self-employed individuals, lack access to employer-sponsored retirement plans.
Goal of Retirement Security: The policy seeks to provide these workers with simple, portable, low-cost retirement-savings options, similar to those offered to Federal workers through the Thrift Savings Plan, and to facilitate access to the Federal Saver’s Match of up to $1,000.
Promoting Private-Sector IRAs: The United States policy is to promote high-quality, low-cost IRAs offered by private-sector financial institutions that meet objective standards for cost, transparency, and fiduciary responsibility.
Increasing Awareness and Participation: The order aims to increase public awareness of the Federal Saver’s Match (enacted in the SECURE 2.0 Act) and encourage participation in eligible retirement-savings vehicles that offer diversified, index-based investment options.

Establishment of TrumpIRA.gov (Section 2)

Directive and Deadline: The Secretary of the Treasury shall, by January 1, 2027, establish a website, TrumpIRA.gov.
Target Audience and Purpose: The website will provide information about high-quality, low-cost IRAs, specifically targeting independent contractors, self-employed individuals, and other workers without employer-sponsored retirement plans. It will also inform eligible individuals about the Federal Saver’s Match contribution (up to $1,000 under 26 U.S.C. 6433).
Compliance Requirements for Listed IRAs: TrumpIRA.gov shall list financial institutions offering IRAs (under 26 U.S.C. 408) that accept the Federal Saver’s Match (under 26 U.S.C. 6433(e)(2)(C)) and meet specific criteria:
- Provide a menu of investment options including life-cycle/targeted-retirement-date options (29 CFR 2550.404c–5(e)(4)(i)), balanced funds (29 CFR 2550.404c–5(e)(4)(ii)), or principal-protected funds (29 CFR 2550.404c–5(e)(4)(iv)).
- Maintain low administrative costs, with overall net-expense ratios (inclusive of operating costs, management fees, and administrative expenses) limited to .15 percent.
- Do not impose minimum-contribution or balance requirements.
Website Functionality: TrumpIRA.gov will explain the cost and quality criteria, allow individuals to filter and select IRAs based on these criteria, and provide information regarding the Federal Saver’s Match opportunity.

Federal Saver’s Match Implementation (Section 3)

Ensuring Match Delivery: The Secretary of the Treasury shall take all necessary steps to ensure qualifying individuals who contribute to IRAs, including those listed on TrumpIRA.gov, receive the Federal Saver’s Match contribution.
Encouraging Financial Institution Participation: The Secretary of the Treasury shall take all necessary steps to encourage financial institutions to accept Federal Saver’s Match contributions in accordance with established rules.

Charitable Contributions (Section 4)

Guidance Requirement: The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall provide guidance on the tax treatment of contributions made by tax-exempt organizations to IRAs for workers who are members of a charitable class, ensuring such contributions do not jeopardize the organizations’ tax-exempt status.

Worker Protection (Section 5)

Regulatory Directive: The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance to ensure IRAs, including those listed on TrumpIRA.gov, protect workers, maintain transparency, and prevent prohibited transactions as defined in 26 U.S.C. 4975. This is a significant compliance area for financial institutions and regulators.

Legislative Recommendations (Section 6)

Policy Codification: The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the order's policy. These recommendations aim to ensure workers without employer-provided retirement plans have access to options with low fees, eligibility for matching contributions, diversified index-based investment options, automatic portfolio choices, and portability.

General Provisions (Section 8)

Implementation and Funding: The order shall be implemented consistent with applicable law and subject to the availability of appropriations.
No Private Rights of Action: This order does not create any enforceable rights or benefits against the United States.
Cost Allocation: The Department of the Treasury will bear the costs for the publication of this order.

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Policy (Section 1)

Addressing Access Gaps: The Administration identifies that tens of millions of Americans, including small business employees, part-time workers, independent contractors, and self-employed individuals, lack access to employer-sponsored retirement plans.

Goal of Retirement Security: The policy seeks to provide these workers with simple, portable, low-cost retirement-savings options, similar to those offered to Federal workers through the Thrift Savings Plan, and to facilitate access to the Federal Saver’s Match of up to $1,000.

Promoting Private-Sector IRAs: The United States policy is to promote high-quality, low-cost IRAs offered by private-sector financial institutions that meet objective standards for cost, transparency, and fiduciary responsibility.

Increasing Awareness and Participation: The order aims to increase public awareness of the Federal Saver’s Match (enacted in the SECURE 2.0 Act) and encourage participation in eligible retirement-savings vehicles that offer diversified, index-based investment options.

Establishment of TrumpIRA.gov (Section 2)

Directive and Deadline: The Secretary of the Treasury shall, by January 1, 2027, establish a website, TrumpIRA.gov.

Target Audience and Purpose: The website will provide information about high-quality, low-cost IRAs, specifically targeting independent contractors, self-employed individuals, and other workers without employer-sponsored retirement plans. It will also inform eligible individuals about the Federal Saver’s Match contribution (up to $1,000 under 26 U.S.C. 6433).

Compliance Requirements for Listed IRAs: TrumpIRA.gov shall list financial institutions offering IRAs (under 26 U.S.C. 408) that accept the Federal Saver’s Match (under 26 U.S.C. 6433(e)(2)(C)) and meet specific criteria:

Provide a menu of investment options including life-cycle/targeted-retirement-date options (29 CFR 2550.404c–5(e)(4)(i)), balanced funds (29 CFR 2550.404c–5(e)(4)(ii)), or principal-protected funds (29 CFR 2550.404c–5(e)(4)(iv)).
Maintain low administrative costs, with overall net-expense ratios (inclusive of operating costs, management fees, and administrative expenses) limited to .15 percent.
Do not impose minimum-contribution or balance requirements.

Website Functionality: TrumpIRA.gov will explain the cost and quality criteria, allow individuals to filter and select IRAs based on these criteria, and provide information regarding the Federal Saver’s Match opportunity.

Federal Saver’s Match Implementation (Section 3)

Ensuring Match Delivery: The Secretary of the Treasury shall take all necessary steps to ensure qualifying individuals who contribute to IRAs, including those listed on TrumpIRA.gov, receive the Federal Saver’s Match contribution.

Encouraging Financial Institution Participation: The Secretary of the Treasury shall take all necessary steps to encourage financial institutions to accept Federal Saver’s Match contributions in accordance with established rules.

Charitable Contributions (Section 4)

Guidance Requirement: The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall provide guidance on the tax treatment of contributions made by tax-exempt organizations to IRAs for workers who are members of a charitable class, ensuring such contributions do not jeopardize the organizations’ tax-exempt status.

Worker Protection (Section 5)

Regulatory Directive: The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance to ensure IRAs, including those listed on TrumpIRA.gov, protect workers, maintain transparency, and prevent prohibited transactions as defined in 26 U.S.C. 4975. This is a significant compliance area for financial institutions and regulators.

Legislative Recommendations (Section 6)

Policy Codification: The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the order's policy. These recommendations aim to ensure workers without employer-provided retirement plans have access to options with low fees, eligibility for matching contributions, diversified index-based investment options, automatic portfolio choices, and portability.

General Provisions (Section 8)

Implementation and Funding: The order shall be implemented consistent with applicable law and subject to the availability of appropriations.

No Private Rights of Action: This order does not create any enforceable rights or benefits against the United States.

Cost Allocation: The Department of the Treasury will bear the costs for the publication of this order.