BlackRock to Match ‘Trump Account’ Contributions for Employees
TL;DR
BlackRock will match government contributions to 'Trump accounts' for employees, supporting an early-childhood savings program. This makes it one of the first major US companies to implement such a plan, encouraging financial planning for families.
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BlackRock Inc. will match government contributions to “Trump accounts” for its employees, making it one of the first major US companies to lay out plans for supporting the early-childhood savings program.
The US government pledged to seed investment accounts with $1,000 for children as part of President Donald Trump’s One Big Beautiful Bill Act earlier this year. BlackRock on Wednesday said it will offer a match to the government’s contribution for all eligible US employees.
“BlackRock’s commitment today will help employees and their families foster strong financial habits early, encourage long-term planning, and invest in the potential of the next generation,” the company said in a statement.
Under the government initiative, which begins on July 4, 2026, any parent can open an account for their child and contribute up to $5,000 a year. Employers can pitch in $2,500 annually without affecting a worker’s taxable income.
Bank of New York Mellon Corp. last week rolled out its own plans to participate in the initiative, saying it would match the $1,000 contribution for eligible newborns of US employees. Treasury Secretary Scott Bessent on Wednesday said Bridgewater Associates founder Ray Dalio will support Trump accounts in Connecticut.
In an unprecedented philanthropic gift earlier this month, Michael Dell and Susan Dell said they will give 25 million American children $250 each to jumpstart an investment account for their futures. Their gift totaled $6.25 billion.