Announcing a corporate match to Trump Accounts for eligible U.S. employees
Today, BlackRock announced it will offer an employee match to the U.S. government contribution of $1,000 for all eligible U.S. employees to Trump Accounts, also known as Section 530A Accounts – new dedicated child savings accounts for eligible children.
BlackRock has long championed early childhood savings accounts and supported the policies that make them possible. Over the past year, highlights have included:
- Larry Fink’s Annual Chairman’s Letter: In March, Larry Fink addressed the need for greater early wealth building in his annual Chairman’s Letter, saying, “When people own a piece of the economy, they don’t just benefit from growth; they believe in it. Ownership creates connection.”
- BlackRock’s Retirement Summit: The firm convened leaders last spring for a Retirement Summit in Washington D.C. to explore ways the public and private sectors can collaborate to ensure that more Americans can achieve a financially secure retirement. Coming out of the Summit, BlackRock and the Bipartisan Policy Center (BPC) released a white paper outlining key findings and policy recommendations. The paper highlighted the power of early wealth building in enabling more people to participate in capital markets and experience long-term financial wellness.
- Philanthropic Giving: The firm has pioneered emergency savings solutions and donated to early childhood and family savings initiatives through The BlackRock Foundation. BlackRock’s Emergency Savings Initiative has helped create $2 billion in liquid savings since 2019. The firm's grant to NYC Kids RISE supports a model that helps families begin saving for education as early as kindergarten.
The Trump Account program was designed to help more Americans put money aside for future goals and milestones and created through the One Big Beautiful Bill Act. Helping people invest better to live better is core to BlackRock’s purpose. 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.
A recent BlackRock survey of U.S. voters shows bipartisan support for these accounts, with Americans seeing them as a springboard to help achieve important long-term financial goals like paying for higher education, homeownership, and retirement.
