Dell pledges $1,000 to Trump Accounts of employees' kids, and says it will become a standard benefit in corporate America
Dell Technologies is pledging $1,000 to the 'Trump Accounts' of its employees' children, with CEO Michael Dell predicting this will become a standard corporate benefit. The program, which is heavily supported by the Dell family foundation, aims to help American children build wealth.
Why it matters
The involvement of major corporations in government-backed wealth programs signals a new intersection between private sector benefits and federal economic policy.
Anna Moneymaker/Getty Images Tech giant Dell is planning to put a $1,000 in its employees' children's Trump Accounts. CEO Michael Dell said this week that such donations will become a standard corporate benefit. Dell is closely linked to the program as his family foundation has donated $6.25 billion. Dell is joining the list of companies paying into the Trump Accounts of its employees' children. "We plan to provide a one-time $1,000 contribution for eligible children of our team members, in addition to any government seed contribution for which the child qualifies," a Dell company spokesperson told Business Insider. The company is still working through the logistics and guidance from the US Treasury, the spokesperson added. Employees can apply for and contribute to their children's Trump Accounts and receive the government's one-time contribution in the meantime.
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