00:00It's Benzinga, bringing Wall Street to Main Street.
00:02American Airlines will match the federal $1,000 contribution to Trump accounts
00:07with a one-time $1,000 contribution for eligible employees' children.
00:12According to CNBC, more than 50 companies have committed to contributing to the tax-deferred
00:18accounts, including Goldman Sachs and Morgan Stanley.
00:22Trump accounts are available for U.S. children under 18,
00:25while children born between 2025 and 2028 qualify for the $1,000 Treasury contribution.
00:34American also plans to allow eligible workers to make pre-tax contributions
00:37directly from their paychecks.
00:39Starting in 2027, once proposed Treasury rules become final,
00:44eligible employees could contribute up to $2,500 annually in pre-tax earnings.
00:49About one-third of American's nearly 140,000 global employees
00:54will have the pre-tax contribution option.
00:56For all things money, visit Benzinga.com.
