Press Release

Empower Announces Plans to Support Rollovers for Trump Accounts

Issued by Empower

Mar. 19, 2026

GREENWOOD VILLAGE, Colo. -- Empower, a leading workplace solutions provider and wealth manager, today announced plans to serve as a rollover custodian for Trump Accounts following final regulations, reinforcing the company’s commitment to expanding choice and flexibility for individuals saving for their long-term financial futures.

Empower has a long history of supporting evolving retirement and savings structures and helping individuals integrate those assets into a comprehensive financial strategy. Planned support for Trump Account rollovers may help individuals consolidate savings, simplify account management and align their accounts with long-term goals.

Trump Accounts are a recently established savings vehicle created through federal legislation to promote earlier participation in long-term saving and broaden access to tax-advantaged account structures.

“Trump Accounts represent one of the most significant expansions of early-life financial access in a generation and can allow millions of more Americans to benefit from investing,” said Empower President and CEO Edmund F. Murphy III. “This new standard for financial inclusion has the potential to produce a financially engaged cohort of young adults, with approximately 74 million children currently under the age of 18.”

Trump Accounts reflect a continuation of policy efforts, spanning multiple decades, aimed at encouraging personal savings by supplementing traditional retirement arrangements and encouraging long-term asset accumulation from an earlier age.

“As new savings vehicles emerge, we believe it’s important to provide individuals with flexibility and continuity so they can manage their financial lives with confidence and clarity,” Murphy continued.

This announcement builds on actions Empower has already taken on Trump Accounts. On Feb. 2, Empower announced it would match the U.S. Treasury Department’s $1,000 Trump Account deposit for eligible Empower associates, underscoring the company’s belief in early engagement and long-term investing in financial well-being.

Empower has not yet announced details regarding the structure or timing of Trump Account rollovers. Federal regulators are actively working on the regulatory framework for these accounts. In late 2025, the Internal Revenue Service and U.S. Treasury issued preliminary implementation guidance and followed up with formal proposed regulations on March 6, clarifying certain topics including the initial $1,000 pilot program contribution for children born between 2025-2028 and the establishment of accounts at the Treasury. Additional regulations covering topics related to contributions, distributions, investment parameters, reporting, and rollovers are forthcoming.

Any offering will be delivered in line with Empower’s established standards for operational excellence, security, and fiduciary care.

The planned capability reflects Empower’s core principles:

• Putting individuals first, with solutions designed to support the potential for better financial outcomes
• Maintaining a long-term perspective focused on investing for increased financial security over time
• Supporting employers with workplace solutions designed to enhance their benefits package

About Empower

Recognized as a leader in retirement services and wealth management,¹ Empower administers over $2.0 trillion in assets² for more than 19.5 million individuals through the provision of workplace and individual retirement plans, advice, financial planning, and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok, and Instagram.

1. Pensions & Investments DC Recordkeeper Survey (2025). Ranking measured by total number of participants as of December 31, 2024.
2. As of December 31, 2025. Assets under administration (AUA) refers to the assets administered by Empower. AUA does not reflect the financial stability or strength of a company.

Investing involves risk, including possible loss of principal.

Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries. “EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America.

The information contained herein is being provided for discussion purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy or sell securities.

©2026 Empower Annuity Insurance Company of America. All rights reserved. RO-5312506-0326

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