New initiative aims to connect workers without employer-sponsored plans to private-sector IRAs and unlock Saver’s Match benefits

GREENWOOD VILLAGE, COLO. April 30, 2026 – Empower today issued the following statement in support of an executive order announced by President Donald Trump to expand access to retirement savings for workers who currently lack employer-sponsored plans.

The executive order seeks to address a significant coverage gap affecting an estimated 54 million workers without access to workplace retirement plans.

“Too many Americans are left without a simple, accessible way to save for retirement,” said Empower President and CEO Edmund F. Murphy III. “By helping connect workers to vetted retirement savings vehicles and aligning with the Saver’s Match, this initiative can help bring millions into the system and put them on a stronger path toward long-term financial security.”

The Executive Order calls for the creation of a centralized platform for comparing and enrolling in private-sector IRA offerings. The initiative is designed to help eligible individuals take advantage of the Saver’s Match, which will provide up to $1,000 in federal matching contributions beginning next year.

The Saver's Match is a federal, refundable matching program beginning in 2027 (which was established through the SECURE 2.0 Act of 2022) and designed to increase retirement savings for low- to moderate-income earners. The government matches 50% of the first $2,000 in contributions, providing up to a $1,000 direct contribution to a participant's retirement account.

The Executive Order directs the Department of Treasury to establish a new website, TrumpIRA.gov, which would serve as a mechanism for providing individuals with information on private sector IRA offerings. The offerings would need to accept Saver’s Match contributions and provide low-cost investment options meeting certain requirements. The new website is scheduled to be available by Jan. 1, 2027.

Empower supports efforts to expand choice, increase participation, and strengthen retirement readiness, while complementing existing state-based programs.

About Empower

Recognized as a leader in retirement services and wealth management,¹ Empower administers over $2.0 trillion in assets² for more than 19.5 million individuals through the provision of workplace and individual retirement plans, advice, financial planning, and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok, and Instagram.

Media contacts:

Stephen Gawlik - [email protected]

Mandy Cassano - [email protected]