Sharon Freilich Quoted on What Employers Should Know About Trump Accounts

Pullman & Comley Employee Benefits Attorney Sharon Freilich was quoted in the Human Resources Director (HRD) article "Trump Accounts Are Live. Here's What Employers Need To Know," discussing the launch of Trump Accounts. The program, created under the One Big Beautiful Bill Act, introduces a new tax‑advantaged savings initiative for children under 18 and has already enrolled 6.5 million participants.

Trump Accounts allow families and employers to contribute up to $5,000 annually, with Section 128 of the tax code authorizing pretax employer contributions of up to $2,500 per employee. Sharon noted that this pretax structure is the real selling point, “That’s $2,500 employees are not paying income tax on, and that could be a boon to the family.”

Despite the momentum, Sharon cautioned that employers still lack the regulatory guidance and vendor infrastructure needed to add Trump Account funding to their benefits packages. “Employers do not have enough information to add Trump Account funding to their benefits arsenal at this time,” she explained.

Sharon noted that payroll systems, banks, and vendors are not yet prepared to administer contributions, leaving many employers on the sidelines for now, and underscored that employers should monitor IRS guidance and vendor readiness closely.

For those employers with Section 125 cafeteria plans, integration may be easier once infrastructure is in place. Workforce demographics will also play a role in determining whether Trump Accounts resonate with employees.

“I don’t know to what extent this will be a benefit that’s a must have, because it’s so new. But there’s a lot of excitement around Trump Accounts,” she said.

To read the full article, please visit the HRD website.