Goldman Sachs Matches $1,000 Trump Account Deposits for Employee Children Born 2025-2028
Updated
Updated · Fox Business · Jul 2
Goldman Sachs Matches $1,000 Trump Account Deposits for Employee Children Born 2025-2028
3 articles · Updated · Fox Business · Jul 2
Summary
Goldman Sachs will give a one-time $1,000 match to Trump Accounts for eligible employees' children born between 2025 and 2028 when they enroll, mirroring the federal seed contribution.
The bank framed the move as a long-term savings push, with CEO David Solomon saying early investing can build financial security and help children develop saving and investing habits.
Goldman joins Citi, JPMorgan Chase, Bank of America and Vanguard, which have also pledged at least $1,000 for employees' children under the new program.
Trump Accounts officially launch on July 4 under the One Big Beautiful Bill Act, investing in low-cost index funds; parents can add up to $5,000 a year and employers up to $2,500 tax-free.
The broader rollout also includes Michael and Susan Dell's $6.25 billion pledge to seed 25 million accounts with $250 each, extending support beyond children eligible for the federal payment.