--- title: A Trifecta of Solutions to Close America’s Retirement-Savings Gap description: RCH President & CEO Spencer Williams addresses a “trifecta” of retirement savings public policy solutions – Trump Accounts, the Saver’s Match and Auto Portability – which he characterizes as “transformational” initiatives, which “taken together, have the potential to incentivize retirement-saving opportunities for small-balance plan participants, thus significantly shrinking the existing wealth gap.” Williams cites the trillions in benefits associated with the three initiatives which “can, finally, resolve our country’s wealth gap over time.” image: https://blog.rch1.com/hubfs/Publications/FromTheTopv3-01.png --- [![Retirement Clearinghouse Logo](https://blog.rch1.com/hs-fs/hubfs/raw_assets/public/Retirement_Clearinghouse_May2022/images/logo.png?width=1000&height=648&name=logo.png "Retirement Clearinghouse Logo")](https://rch1.com/) [Privacy Policy](https://securities.rch1.com/common/PrivacyStatement.pdf) [Sponsors/Service Providers](https://rch1.com/plan-sponsors) [Individuals](https://rch1.com/individuals) [Login](https://rch1.com/#) - 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**Trump Accounts: **As part of a pilot program, every child born in the U.S. from 2025 to 2028 will receive $1,000 from the U.S. Treasury. This sum will be deposited into their own tax-efficient retirement savings account, known as “Trump Accounts.” These vehicles will be available to all U.S. newborns, regardless of their parents’ financial status and income, and will invest exclusively in low-cost index funds. Trump Account restrictions are designed to prevent premature withdrawals, except for vital life events. ​​According to our research at Retirement Clearinghouse, based on projected live births in the U.S. over that 2025-2028 period, four years of Treasury deposits into Trump Accounts could increase to $799.5 billion in incremental retirement savings, if recipients hold their Trump Accounts until they retire. - **Saver’s Match: **The Saver’s Match Program, as part of SECURE 2.0 Act of 2022 provisions, will replace the Saver’s Credit for tax years beginning in 2027. Under the Saver’s Match, taxpayers who contribute to an IRA or an employee-sponsored retirement plan, and meet income qualifications, will be entitled to a 50% federal matching contribution as much as $1,000 (for those who are single or filing individually) or $2,000 (for those who are married, or filing jointly). These matching contributions will be deposited directly into the respective plans or IRAs. ​​[Morningstar research](https://www.morningstar.com/retirement/federal-program-that-could-help-generate-2-trillion-retirement-wealth) estimates that the Saver’s Match could bring Americans an additional $2.03 trillion in long-term incremental retirement savings. In addition, according to our [Saver’s Match Simulation](https://rch1.com/blog/new-research-shines-light-on-the-savers-match-program), up to 27.1 million Americans could be eligible every year for the Saver’s Match, with an average matching contribution of $634 going to each one of them. - **Auto Portability: **Auto portability isanother provision in the SECURE 2.0 Act of 2022. Retirement Clearinghouse developed an auto portability solution which can automate the movement of a plan participant’s 401(k) account (with $7,000 or less) from their former employer’s plan into an active account in their current employer’s plan. If auto portability has been adopted by both the participant’s previous and present employers’ plans, then the participant can begin the process of consolidating their 401(k) savings in their new employer’s plan when they actually switch jobs. ​​According to the Employee Benefit Research Institute (EBRI), the gold-star standard in bipartisan retirement industry research, $92 billion in assets “leaks” from the American retirement system on an annual basis. The most common driver of this phenomenon is the premature cashing out of 401(k) accounts—and most of these cash-outs occur within a year or two after participants change jobs. ​​Our most recent [Auto Portability Simulation](https://rch1.com/blog/four-key-findings-from-the-new-auto-portability-simulation), if plan recordkeepers and sponsors throughout the U.S. were to adopt auto portability over a 40-year period, then 175.6 million Americans would be able to enjoy an additional $1.6 trillion in net incremental retirement savings. Embedded in that sum would be $744 billion for 98 million minority participants in employer-sponsored retirement plans, including an extra $216 billion for 30 million Black Americans. ​In a historical show of unity, the largest U.S. retirement plan recordkeepers joined forces to create an industry utility, the [Portability Services Network, LLC](https://psn1.com/) (PSN), which became live in November 2023 to simplify the adoption and deployment of PSN Auto Portability. The recordkeepers which are part of the Portability Services Network provide services to over 185,000 employer-sponsored plans, in which about 82 million Americans participate. ​​Taken cumulatively, the $1.6 trillion in extra retirement income from PSN Auto Portability, plus the projected $2.03 trillion in additional retirement savings from Saver’s Match contributions, along with the estimated $799.5 billion in retirement income from Trump Accounts, can, finally, resolve our country’s wealth gap over time. ​​The retirement services industry, and individual plan sponsors, shouldn’t let this historic opportunity slip away.   [Back](https://blog.rch1.com/blog) [![Retirement Clearinghouse An RLJ Company](https://blog.rch1.com/hs-fs/hubfs/raw_assets/public/Retirement_Clearinghouse_May2022/images/footer_logo.png?width=1000&height=648&name=footer_logo.png "Retirement Clearinghouse An RLJ Company")](https://rch1.com/) 1916 Ayrsley Town Boulevard Suite 200 Charlotte, NC 28273 - [Individuals](https://rch1.com/individuals) - [Plan Sponsors](https://rch1.com/plan-sponsors) - [Auto Portability](https://rch1.com/auto-portability) - [Company](https://rch1.com/company) - [News & Information](https://rch1.com/news) - [Mission](https://rch1.com/company/mission) - [Careers](https://rch1.com/company/careers) - [Contact Us](https://rch1.com/contact-us) - [Logins](https://rch1.com/#) - [Disclosure Central](https://rch1.com/individuals/learning-center/resources-%26-downloads) - [Do Not Sell or Share](https://blog.rch1.com/blog/a-trifecta-of-solutions-to-close-americas-retirement-savings-gap#decline-cookies) - [My Personal Information](https://blog.rch1.com/blog/a-trifecta-of-solutions-to-close-americas-retirement-savings-gap#decline-cookies) - - - Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission. © 2026 Retirement Clearinghouse, LLC. This site is directed at, and made available to, persons in the U.S. and Puerto Rico. [Sitemap](https://rch1.com/sitemap)