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President Donald Trump is set to sign an executive order on Thursday aimed at making retirement plans more accessible for millions of Americans.
White House Press Secretary Karoline Leavitt confirmed the signing on X, noting that it was “HAPPENING TODAY AT THE WHITE HOUSE: President Trump to sign order expanding workers’ access to retirement plans.”
According to Semafor, the executive order will broaden access to retirement plans for Americans whose employers do not offer such an option:
“The administration will integrate its push with the so-called Saver’s Match, 2022 legislation that directs the federal government to match retirement-plan contributions from workers making less than $35,000 with up to $1,000 starting next year.”
According to the Economic Innovation Group, 42 percent of full-time working Americans have no access to retirement accounts, 44 percent do not participate, and 50 percent receive no employer match.
A total of 48.8 million full-time workers in America report having no employer-matched benefits, per their data. Another surprising statistic from EIG showed that nearly 79 percent of full-time workers in the “lowest-earning decile” have no access to retirement plans.
Further, a policy note from the Schwartz Center for Economic Policy Analysis in late 2025 revealed that only 35 percent of Americans feel “on track” in terms of their retirement goals, and only half of Americans ages 62-74 “cannot count on even $25,000 per person per year – barely enough to cover basic expenses.”
Following Thursday’s executive order, the White House will reportedly launch a website, TrumpIRA.gov. This site will address the broader issue at hand: millions of Americans currently can’t access a retirement plan even if they qualify for the 2022 Saver’s Match.
“Under the order, workers could use that website to filter private-sector retirement plans by factors like cost, minimum contribution, and minimum balance so they can enroll in one that would allow them to collect the match if eligible,” Semafor reported.
