Citi to match federal government's $1K Trump Account contributions for employees' children [FOX Business Network]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: FOX Business Network
Wall Street giant Citi on Thursday informed the company's U.S.-based employees that the firm plans to match the federal government's seed contribution to newborns' Trump Accounts and will also donate to efforts to boost participation. Citi sent an internal message, which was reviewed by FOX Business, that notified employees that the company will contribute $1,000 to the Trump Accounts of children born to Citi's U.S. workers from 2025 to 2028, the period in which the federal government will contribute the same amount to the tax-advantaged savings accounts "We are pleased to share that Citi will match the U.S. government's $1,000 seed contribution to the accounts for children of eligible U.S. colleagues born between Jan. 1, 2025, and Dec. 31, 2028. This new benefit adds to the comprehensive suite of benefits that Citi provides to colleagues and their families," the company explained. "These accounts are intended to promote long-term savings from a young age and provide children w
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