Overview
- Larry Fink said in his annual letter that the new child accounts could be very significant when paired with 529 college plans and 401(k)s.
- The program gives children born 2025–2028 a $1,000 Treasury seed, allows up to $5,000 a year in family deposits and $2,500 from employers, and invests the money in a broad U.S. stock index under parental custody until age 18.
- Parents enroll through IRS Form 4547 or TrumpAccounts.gov, with identity checks expected in May and the first federal deposits planned for July 4.
- Treasury reported nearly 3.5 million forms filed by March 8, and other outlets put signups near four million by mid‑March.
- Companies including BlackRock, Bank of America and JPMorgan plan employee matches, and Michael and Susan Dell pledged $6.25 billion to fund $250 gifts for 25 million children.