Tag: Trump accounts

Treasury’s latest guidance answered key compliance questions, advisers say, but employers are now figuring out how to administer the new...

Treasury plan would allow up to $2,500 in tax-free employer contributions while setting nondiscrimination, reporting and salary-reduction requirements for workplace...

The proposal would streamline access by establishing new investment accounts through the existing registration system.

According to the Treasury secretary, 7 million children are already enrolled, as officials highlight educational features and expanded funding options.

Researchers, child welfare advocates and financial experts warned lawmakers that administrative gaps could limit families’ active participation.

The Social Security Administration commissioner and IRS CEO will add another, currently unclear, role, according to the Department of the...

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

Less than one year after being authorized, and after multiple rounds of guidance, the accounts for children are active.

A State Street exchange-traded fund based on the S&P 500 will serve as the default, with other index funds to...

Witnesses debated whether the children’s investment accounts should remain limited to passive funds.

New Department of Labor guidance aims to clarify legal treatment of workplace contributions ahead of the July 4 launch of...

According to Secretary of the Treasury Scott Bessent, the administration will turn to broader retirement access proposals after the July...

The investment accounts for children promise simplicity, but financial experts say they are more likely to provide just another twist...

The government has previously welcomed industry insight on other aspects of the newly established investment vehicles.

The Department of the Treasury did not specify whether other firms may assist in setting up or administering the accounts.

Investment managers have pushed for a wide range of investments, but asset allocation rules remain uncertain.

Draft regulations outline how parents and guardians can open tax-advantaged investment accounts for children and access a government-funded pilot contribution...

Employers, retirement firms and investment managers urged clearer rules as the Department of the Treasury establishes regulations for federally backed...

No new details were announced, but J.P. Morgan, Bank of America and others committed to match the U.S. government’s initial...

BlackRock, Charles Schwab, Russell Investments, and ICI pledge employer contributions before July pilot program begins.