Millions of workers without access to a 401(k) or other workplace retirement plan could get a new way to invest — and an annual government match of up to $1,000 — under a proposal from President Donald Trump.
“Half of all of working Americans still do not have access to a retirement plan with matching contributions from an employer,” Trump said during his State of the Union address Tuesday. “To remedy this gross disparity, I’m announcing that next year my administration will give these often-forgotten American workers … access to the same type of retirement plan offered to every federal worker. We will match your contribution with up to $1,000 each year as we ensure that all Americans can profit from a rising stock market.”
Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.
It’s unclear exactly how Trump’s proposal would come to fruition, and what final form it would take. Speaking to reporters on Tuesday, Treasury Secretary Scott Bessent suggested the law could be passed through reconciliation — the same process the One Big Beautiful Bill Act underwent. Key provisions of that legislation shifted as it moved between the House and Senate.
https://www.cnbc.com/2026/02/25/trump-new-retirement-plan.html