JPMorgan Chase & Co. will match the U.S. government's one-time $1,000 contribution for eligible U.S. employees. The funds target children's retirement savings accounts, known as “Trump Accounts.”
The program applies to children born between January 1, 2025, and December 31, 2028. JPM designed the initiative to encourage long-term financial security.
CEO Jamie Dimon stated the match makes it easier for employees to save early and plan for their family's financial future. This initiative supports the firm's broader commitment to employee financial health, alongside existing 401(k) plans and parental leave. Bank of America announced a similar matching program.