Mike Hadley Publishes Article titled, “Trump Child Savings Accounts: A New Benefit Offering for PEOs?” for PEO Insider
- Published Date: May 27, 2026
As part of the passage of the 2025 tax bill known as the One Big Beautiful Bill Act (OBBBA), Congress established a new kind of tax-preferred savings account for children called Trump Accounts. Contributions to Trump Accounts may be made as early as July 4, 2026, and the IRS is racing to develop necessary guidance and regulations to adequately implement these new types of accounts.
In his article for PEO Insider, Mike Hadley details what Trump Accounts are and how employer and employee pre-tax contributions to Trump Accounts could be a benefit that PEO clients may seek to offer to worksite employees. Hadley details the four types of contributions to Trump Accounts provided by OBBBA and explains the tax implications for each type of contribution.
Additionally, Hadley offers insight into whether employers may embrace Trump Accounts immediately, or rather take a wait-and-see approach to the new account offering. Hadley notes that if employer contributions or pre-tax salary deferrals to Trump Accounts do become a common benefit offering, PEOs are well positioned to offer it to small businesses who otherwise do not have the bandwidth to administer such benefit.
A link to the full article can be found here.
