Groom Principal Elizabeth Dold was featured in PLANSPONSOR discussing the new Trump Accounts in the article, “Trump Accounts: What’s Still to Come?” The article examines the background, regulatory activity, and market considerations surrounding Trump Accounts—a new investment account for minors introduced in the One Big Beautiful Bill Act (“OBBBA”). Dold addressed key issues related to these accounts.
Although the Department of the Treasury has not yet published final rules for how these accounts will operate (including for the pilot program that opens on July 5, 2026), certain parameters are provided under the OBBBA and Notice 2025-68, which Treasury issued on December 2, 2025. The Trump Accounts will be treated as traditional IRAs under Code Section 408, and there is initial guidance about permissible investment options, withdrawals, rollovers, conversion to a regular IRA at age 18, contribution rules, and the financial institution trustee.
Dold commented, “‘If you know the IRA rules, [you’re] 90% there.’” However, she highlighted areas where additional details are still needed, “such as guidance for employers on how they can fund the plans and roll money out of them for their employees,” and for the industry, “guidance on what trustees must do if the annual fees and expenses on a participant’s investments change and exceed [certain limits].” In addition, she discussed employer match programs.
To read the article, click here.
