Overview
- JPMorgan, Charles Schwab, Robinhood and BlackRock are among firms jockeying to become Treasury’s designated financial agent for the new child accounts, according to recent reporting.
- Michael and Susan Dell pledged $6.25 billion to add $250 to 25 million children’s accounts, and the White House says the gift has prompted a rush of additional donor offers.
- The IRS released Form 4547 to let families elect an account now, with an online portal expected in mid-2026 and Treasury authentication required before funding.
- Government deposits will not be made before July 4, 2026, and officials at a public briefing said accounts may be auto-generated with families able to claim them as outreach ramps up.
- Eligible children born 2025–2028 receive a one-time $1,000 government seed; contributions are capped at $5,000 annually per beneficiary (including up to $2,500 from employers), investments must be in broad U.S. equity index funds, and fees are capped at 0.1%.