American Airlines Group Inc. will match the federal government's $1,000 Trump Account contribution with an additional one-time $1,000 for eligible employees' children, the company told CNBC exclusively on August 31. About 1.4 million children currently enrolled in Trump Accounts qualify for the federal seed money, and thousands of children of America's nearly 140,000 employees could be eligible for the company match. CEO Robert Isom said in a statement that "our purpose is to care for people on life's journey, and that includes helping our team members build a strong financial future for themselves and their families." American joins more than 50 companies, including Goldman Sachs and Morgan Stanley, that have committed to contributing to the accounts, and Treasury Secretary Scott Bessent praised the move in a statement. American also plans to let eligible employees make pretax payroll contributions of up to $2,500 annually starting in 2027 once Treasury finalizes the applicable rules, with roughly a third of its workforce expected to have access to that option.
Goldman Sachs Group Inc
Morgan StanleyAmerican Airlines GroupAmerican Airlines will match the $1,000 federal Trump Account contribution for eligible employees' children and allow pretax payroll contributions.
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