JPMorgan Chase & Co and Bank of America Corp on Wednesday said in separate releases that the companies will match the US government’s $1,000 “Trump Account” contributions for eligible employees whose children were born between the beginning of last year and the end of 2028.The two firms join several other corporations in announcing such a measure, with companies such as Visa Inc, Chime Financial Inc and BlackRock Inc also pledging to match the government’s Trump Account contributions, according to a CNBC re ...

Core Viewpoint - JPMorgan Chase will match the U.S. government's one-time $1,000 contribution to new children's retirement savings accounts for eligible U.S. employees, reflecting a commitment to employee financial well-being [1][4]. Group 1: Program Details - The "Trump accounts" are part of a pilot program that deposits $1,000 from the U.S. Treasury into tax-advantaged accounts for eligible children born in the U.S. between January 1, 2025, and December 31, 2028 [2]. - The initiative aims to encourage long-term saving and investing from birth, with contributions from notable U.S. billionaires and celebrities [3]. Group 2: Company Commitment - CEO Jamie Dimon emphasized JPMorgan Chase's long-term commitment to the financial health and well-being of its employees and their families, particularly the 190,000 employees in the U.S. [4]. - By matching the government contribution, the company aims to facilitate early saving, wise investing, and financial planning for families [4].