The White House is reportedly gearing up to direct Treasury to build a portal where workers without employer retirement benefits can enroll in vetted savings plans.
President Donald Trump is expected to sign an executive order directing the Treasury Department to launch a new website where private-sector workers without access to employer-sponsored retirement plans could browse and enroll in qualifying accounts.
The portal, to be called TrumpIRA.gov, is set to be operational by January, according to multiple reports.
That timing coincides with the rollout of a government contribution program for lower-income savers that traces back to Secure 2.0, a bipartisan law enacted in 2022 under former President Biden. That legislation converted an existing nonrefundable tax credit into a "saver's match," under which the federal government deposits an amount equal to 50% of a worker's contribution – up to $1,000 – directly into their account. The benefit applies to individuals earning less than $35,000 annually.
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Unlike the administration's Trump Accounts initiative for children, which involved partnerships with specific financial institutions, Treasury will not work with named partners for the new retirement portal. The department will, however, screen the plans made available through the site, according to reporting that came first from Semafor, which cited two White House officials.
The scale of the coverage gap the order is aimed at addressing is substantial. A 2025 Pew Charitable Trusts report, also cited by AARP, found that roughly 56 million private-sector workers have no retirement plan available through their employer — representing close to half of the U.S. workforce in that segment.
Trump first raised the retirement access issue during his State of the Union address in February, where he said his administration would give workers "access to the same type of retirement plan offered to every federal worker" and pledged to "match your contribution with up to $1,000 each year." Treasury Secretary Scott Bessent said at the time the plan could advance through the budget reconciliation process, framing it as the president "coming back for working Americans."
Last year, he signed a separate order to open 401(k) plans to alternative assets such as private equity, real estate, and cryptocurrency, directing the Department of Labor to revisit federal guidance that has historically limited plan administrators from offering private market exposure. That order also called on Treasury and the Securities and Exchange Commission to clarify how fiduciary rules apply to funds holding such assets.
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The retirement portal concept has drawn interest across party lines. Kevin Hassett, now leading the National Economic Council, previously backed comparable legislation during the Biden administration, and a bipartisan bill introduced in 2025 similarly sought to extend retirement options to lower-wage workers without 401(k) access.
The structure of TrumpIRA.gov has practical implications for advisors. A portal model – without direct institutional partnerships but with Treasury vetting – points toward a contained menu of screened options rather than an open marketplace.
