Goldman Sachs on Thursday announced that it will make a matching contribution to Trump Accounts for eligible children of the firm's employees.
The company will make a one-time matching contribution of $1,000 to employees with children born between 2025 and 2028 upon the time of enrollment in Trump Accounts, matching the $1,000 federal seed contribution.
"Starting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security," said Goldman Sachs CEO David Solomon.
"We have long been committed to the importance of savings and investment as a pathway to a more resilient financial future, and we're proud to continue our support of this partnership and invest in the future of America," Solomon added.
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The company said in a statement that it views the public-private initiative as a way to "instill the fundamental economic principles of savings and investing in America's next generation."
With the matching contribution, Goldman Sachs joins the ranks of U.S. companies that have opted to participate in the Trump Accounts program.
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