>>182368,
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>>182437(c)
https://trumpira.gov shall identify financial institutions that offer IRAs that:
(i) provide a menu of investment options that meet stated criteria including:
(A) investment fund products or model portfolios, including life-cycle or targeted-retirement-date options as described in 29 C.F.R. 2550.404c-5(e)(4)(i), or balanced funds as described in 29 C.F.R. 2550.404c-5(e)(4)(ii); or
(B) funds that are designed to protect principal on an ongoing basis, as described in 29 C.F.R. 2550.404c-5(e)(4)(iv);
(ii) maintain low administrative costs, with overall net-expense ratios, inclusive of operating costs, management fees, and administrative expenses, limited to .15 percent; and
(iii) do not impose minimum-contribution or balance requirements.
(d) In accordance with section 104(a) of the SECURE 2.0 Act,
https://trumpira.gov shall be designed to increase public awareness of the opportunity for eligible individuals to make contributions to retirement-savings vehicles and receive the Federal Saver's Match contribution; facilitate low-cost, safe, and informed retirement-savings decisions; and increase retirement saving.
Sec. 3. Federal Saver's Match Implementation. (a) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to ensure that qualifying individuals who contribute to IRAs, including those who open IRAs listed on
https://trumpira.gov and otherwise satisfy all applicable requirements, receive the Federal Saver's Match contribution.
(b) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to encourage financial institutions to accept the Federal Saver's Match contributions in accordance with rules established by the Secretary.
Sec. 4. Charitable Contributions. The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall, as appropriate and consistent with applicable law, provide guidance with respect to the tax treatment of contributions made by tax-exempt organizations to IRAs maintained by workers who are members of a charitable class entitled to receive the contribution without jeopardizing the organizations' tax-exempt status.
Sec. 5. Worker Protection. The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance, as appropriate and consistent with applicable law, to ensure that IRAs maintained by financial institutions, including those listed on
https://trumpira.gov, protect workers, maintain transparency, and prevent prohibited transactions within the meaning of 26 U.S.C. 4975.
Sec. 6. Legislative Recommendations. The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the policy set forth in this order so that workers lacking access to employer-provided retirement plans, including workers in small businesses, part‑time workers, independent contractors, and self-employed workers, have access to a retirement option with low fees, eligibility for the Federal Saver's Match or other matching contributions, diversified index‑based investment options, automatic portfolio choices, and portability.
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