Trump Accounts Launch With $1,000 Seed Contribution on July 4

The Trump administration is launching Trump Accounts on July 4, 2026, with a $1,000 federal seed contribution for every eligible child born between January 1, 2025 and December 31, 2028, funded through enrollment via IRS Form 4547. Goldman Sachs has partnered with the program to contribute a matching $1,000 to employees' children born in that window upon enrollment in Trump Accounts .

At launch, all government contributions will be invested by default in the State Street SPDR Portfolio S&P 500 ETF (SPYM), a low-cost fund tracking the S&P 500 Index . Treasury has also approved additional low-cost index options for account holders, including BlackRock's iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total US Stock Market ETF (ITOT), as well as Vanguard's Total Stock Market ETF (VTI), giving families a broader menu of diversified, low-expense funds beyond the default choice.

The One Big Beautiful Bill Act created the legal framework for Trump Accounts, and BlackRock has separately announced it will match the federal $1,000 contribution for its own employees' eligible children, following Goldman Sachs' lead. With roughly 3.6 million children born in the US each year, sustained enrollment over the program's 2025-2028 window could direct billions of dollars in cumulative inflows into these index funds, a modest but recurring source of new assets for STT and BLK relative to their existing multi-trillion-dollar platforms, and a potential entry point for introducing a new generation of investors to their fund families.