In the latest installment of PLANSPONSOR‘s Ask the Experts series, senior counsel Kimberly Boberg, principal Kelly Geloneck, associate Emily Gerard, and principal David Levine address a common question about Trump Accounts and whether they can be included in a retirement plan. Their response explains the current legal framework and highlights key considerations for employers evaluating this new benefit.
The authors note that Trump Accounts generally exist outside the retirement plan framework, as neither the statute nor current guidance provides a mechanism for incorporating them into a retirement plan. However, employers may be able to fund Trump Accounts as a stand-alone pre-tax employer-provided benefit, while many continue to await additional IRS guidance before moving forward with implementation.
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