Mike Hadley Quoted in Bloomberg Tax Article on Treasury Department Guidance Related to Employer Contributions to Trump Accounts
- Published Date: August 25, 2026
On August 17, 2026, Bloomberg Tax published an article titled, “Trump Account Rules Ease Path as Small Employers Face Slow Start” where Davis & Harman Partner, Mike Hadley, was quoted discussing the possibility of employers making contributions to Trump accounts in 2027.
The Bloomberg Tax article discusses long-awaited guidance on Trump accounts, addressing many questions on how employers can establish and administer contributions to Trump accounts for their employees or employees’ beneficiaries. The article notes that smaller employers may take more time to get an administrative process up and running to ensure full compliance with their respective benefit plans’ terms.
Mike Hadley is quoted to say, “[t]here will be some employers that make contributions in 2027, but there’s some reason to think that a lot won’t. . . benefits decisions for 2027 have already been made or need to be made very soon.”
The article continues to discuss challenges small businesses may face in getting started with Trump account contributions and complying with nondiscrimination rules, including implementing the average benefits test, which requires that the average contribution made for lower-paid workers is at least 55% of the average contribution of highly compensated employees.
The full article can be found here.
