American Airlines is giving eligible employees’ children an extra $1,000 in Trump Accounts. American Airlines will match the US government’s one-time $1,000 contribution to Trump Accounts for eligible employees’ children. The new benefit will begin in 2027, the airline confirmed.
The airline’s $1,000 payment will be made once for each qualifying child. American Airlines will make a one-time $1,000 contribution for every eligible child born between January 1, 2025, and December 31, 2028. The child must have a Trump Account already set up and must qualify for the federal government’s $1,000 contribution, according to FOX Business. The $1,000 airline contribution will apply per child, not per employee. For example, an American Airlines employee with two qualifying children could receive two $1,000 federal contributions and two $1,000 contributions from the airline, according to FOX Business. American Airlines has not said how many workers will get the $1,000 company match. The airline did not provide an estimate of how many employees or children could qualify for its separate $1,000 matching contribution, according to FOX Business. The company explained exactly who will receive its $1,000 contribution. Brown said children born between 2025 and 2028 who have established a Trump Account and qualify for the federal government’s $1,000 payment will receive another one-time $1,000 contribution from American Airlines. Eligible children born between 2025 and 2028 can receive a one-time $1,000 federal contribution after an account is established.
American Airlines Chief People Officer Cole Brown told employees that the company was looking for more ways to help workers build long-term financial security for their families. Brown said American Airlines will match the government’s contribution. “American will support eligible team members who choose to participate in the new Trump Accounts program by matching the federal contribution,” Brown said, according to FOX Business.
Employees with more than one qualifying child can receive the benefit for each child. Trump Accounts are designed to help families save and invest for children. Trump Accounts, also known as 530A accounts, are tax-advantaged investment accounts created for children.
American Airlines announced the new benefit to its employees on Monday.
