Key facts:
- Employers may contribute up to $2,500 per year under Section 128.
- Any child with a valid Social Security number who has not reached age 18 by December 31 of the election year.
- Special $1,000 pilot contribution for children born January 1, 2025 – December 31, 2028 (if election is made).
- Additional $250 charitable seed in some cases (Dell Foundation and others).
The easiest way to make the election is with IRS Form 4547 or online at trumpaccounts.gov.
