The US Department of the Treasury has shared information on employee contributions to the new Trump Accounts. These accounts were authorized by the current administration as a path to providing access to the benefits of holding equities and the proven appreciation of these assets over time. Any US child under 18 who has a valid Social Security number can have a Trump Account opened for them. Initially, a segment of the youth population received $1000 in seed funding from the Treasury. Several affluent individuals such as Michael Dell and his wife Susan have committed to help fund these accounts. In Dell’s case, with $6.25 billion. Parents manage the funds until the child turns 18, at which time the account can turn into something that functions like a traditional IRA.
The guidance issued by Treasury is for employers to contribute to an employee’s dependent account. Scott Bessent, the Secretary of the Treasury, said these new accounts help individuals build wealth from day one.
“Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving employees the option to contribute pre-tax dollars directly to those accounts.”
The Working Families Tax Cuts also allow employees to make pre-tax contributions through an employer cafeteria plan to their dependents’ Trump Accounts.
To date, more than 50 companies have committed to make contributions to the Trump Accounts for their employees.
The announcement was joined by a plethora of statements in support by corporate executives.
Chris Britt, CEO and co-founder of Chime, said his company is proud to be among the first companies to offer an employee match.
“Adding the Trump Accounts match to our benefits package reflects our belief that financial progress should start early, and we look forward to helping more American families build wealth and have a better chance to achieve the American dream.”
Jenny Johnson, President and CEO, Franklin Templeton, said Trump Accounts help families start on a path to financial security.
“The power of compounding begins with one simple step: getting into the market. By matching the government’s contribution to Trump Accounts for eligible children of our U.S. employees, we are helping families take an important first step toward building a financial foundation for the next generation. We are grateful for the guidance that Treasury is releasing today about employer contributions to Trump Accounts to help us effectuate this important employee benefit. We look forward to continuing our partnership with Treasury on this historic, wealth-building program.”
Kraken CEO Arjun Sethi said for thirty years the rest of the world compounded off the US economy.
“This is the decade American kids start compounding off their own. That is why Kraken committed to sponsoring a Trump Account for every child born in Wyoming in 2026, and why this guidance matters: it gives employers of every size a clear, simple way to put capital to work for their employees’ children.”
Kraken is a top crypto exchange, but as of yet, crypto is not an option, though it could become one in the future.
The Trump Account program launched for contributions on July 4, 2026.
Bessent stated in late July 2026 that the launch was “the most successful launch in government history,” sharing that there were already around 7 million accounts set up.
An equity culture is key for both economic growth and wealth creation. In the US, about 62% of the adult population holds equities, the highest in the world. For comparison, only 33% hold equities in the UK. Other European countries hold lower.