BUSINESSBATON ROUGE BUSINESS REPORT
Millions sign up for Trump Accounts, but will employers also contribute?
Over 6.5 million families have enrolled in Trump Accounts, a U.S. children's savings program, but only 55 companies have committed to contributing on behalf of employees. Employers can contribute up to $2,500 annually tax-free, but many await Treasury guidance on operational details like payroll deductions and nondiscrimination rules.
Mentioned
Related Signal
Adjacent reporting
- Bank of America, Chipotle, Dell, and Uber are chipping in on Trump Accounts for their workers’ kids—but most companies are sitting it out
- The major companies putting $1,000 into their employees' Trump accounts
- Trump Accounts get a boost from employer contributions — Goldman Sachs and Morgan Stanley are the latest to offer matching programs
- Trump Account signups now total more than 6 million, but millions more children are eligible
- Trump Accounts: Who is eligible, how $1,000 deposits work and how to open one