02.23.26

Industry Groups Weigh In on IRS Plan for Trump Accounts

by: James Van Bramer

Major financial and employer groups are urging the Internal Revenue Service (IRS) and the U.S. Department of the Treasury to provide clearer rules for new 530A “Trump Accounts” ahead of their July launch. In comment letters responding to IRS Notice 2025-68, groups broadly backed the goal of jump-starting retirement savings for children but warned that unresolved issues could hinder adoption. The Investment Company Institute sought safeguards against market distortions and clearer investment and rollover rules, while employer groups asked for guidance on ERISA exposure, nondiscrimination and contribution logistics. Service providers stressed integration with the broader retirement system and timely final regulations before the July 4 deadline.

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