President Donald Trump signed an executive order on Thursday directing the Department of the Treasury to create TrumpIRA.gov, a federal website aimed at connecting tens of millions of American workers without employer-sponsored retirement plans to low-cost individual retirement accounts.

The order, titled "Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov," requires the site to launch by January 1, 2027. It will list private-sector IRAs that meet strict criteria, including net expense ratios of no more than 0.15 percent, no minimum contribution or balance requirements, and diversified investment options similar to those in the federal Thrift Savings Plan. The platform focuses on independent contractors, self-employed individuals, part-time workers, and small business employees who currently lack access to such plans.

President Trump highlighted the need during the Oval Office signing ceremony, stating, "Tens of millions of Americans lack access to employer-sponsored retirement plans. Workers in small businesses, part-time workers, independent contractors, and self-employed workers face unnecessary barriers to saving for retirement." He added, "Hard-working Americans deserve retirement security in portable savings vehicles that offer access to low-cost investments similar to those offered to Federal workers in the Thrift Savings Plan."

The executive order integrates with the Federal Saver’s Match, a provision of the bipartisan SECURE 2.0 Act passed in 2022. Starting in 2027, eligible low-income workers earning under $35,000 annually can receive up to a $1,000 government match on contributions to qualifying IRAs listed on the site. Approximately 54 million Americans have no employer-sponsored retirement plan, with about half potentially qualifying for the match but lacking a vehicle to receive it.

Additional directives include issuing guidance to protect workers from prohibited transactions, encouraging tax-exempt organizations to contribute to workers' IRAs, and preparing legislative recommendations to codify low-fee, portable retirement options with automatic enrollment features.

The move fulfills a promise Trump made in his February 2026 State of the Union address to provide private-sector workers with retirement opportunities akin to those for federal employees. Republican Rep. Lloyd Smucker, who attended the signing, praised the action: "This is an important step toward helping millions retire with dignity." He urged Congress to support related legislation like his Retirement Savings for Americans Act.

Unlike the Obama-era myRA program, which limited options to low-yield Treasury bonds, the new initiative emphasizes diversified private-sector investments vetted for quality and cost. The Treasury Department will bear implementation costs, with no new rights or benefits created beyond existing law.