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Home Business The major companies putting $1,000 into their employees'…

The major companies putting $1,000 into their employees' Trump accounts

· · 1 min read
  • Trump Accounts are launching this July, and children born between 2025 and 2028 will get $1,000.
  • A growing number of companies have pledged to match that $1,000 contribution for their employees.
  • Here are the companies that have said they’ll contribute to Trump Accounts.

JPMorgan Chase

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“We applaud that the federal government is providing innovative solutions for employees and families to plan for their future, and we welcome the opportunity to participate,” the memo said.

Wells Fargo

A spokesperson for Wells Fargo confirmed to Business Insider that the company will contribute to employees’ Trump Accounts.

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Nvidia

Nvidia has said that it will contribute to employees’ accounts, but it has not specified the contribution amount.

“Nvidia will proudly support this bold initiative by contributing to the accounts of our employees’ children,” CEO Jensen Huang said in a statement, according to Bloomberg.

Micron

On June 30, Micron announced a $250 million investment in Trump Accounts, agreeing to match employee contributions up to $1,000 for children under the age of 18, in addition to a one-time $250 seed contribution for children of workers in states where Micron operates: Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas.

The investment, announced in time to coincide with the nation’s 250th birthday on July 4, was “about helping children build a strong foundation for future opportunity while supporting the workforce and communities that will shape US semiconductor leadership,” Sanjay Mehrotra, Micron’s chairman, president, and CEO, said in a statement.

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Nairavoice
Contributor at NairaVoice.com.ng