Overview
- Citigroup will match the federal government’s $1,000 deposit for eligible U.S. employees’ children born from 2025 through 2028.
- The Citi Foundation committed $5 million to nonprofits to boost awareness and help families enroll, with a focus on low-income households.
- The federal program seeds $1,000 for children born 2025–2028 with valid Social Security numbers, allows up to $5,000 in total annual private contributions per child, and excludes employer contributions from income up to $2,500 per employee under Section 128.
- Treasury targets an early July 2026 operational start, with enrollment via IRS Form 4547 or a federal portal, and funds restricted to low-fee U.S. index investments until accounts shift to traditional IRA rules at age 18.
- Preliminary IRS rules are out with public comments due Feb. 20, 2026, and Labor and Treasury plan ERISA guidance that many employers say they need before wider adoption.